Samsung Pay can now do something in the US that Apple Pay and Google Pay can't

Samsung Pay can now do something in the US that Apple Pay and Google Pay can't
Samsung Pay is an incredibly convenient digital wallet service, supporting all types of POS terminals, but apart from adding one big name to its list of US retail partners way back in January, the app hasn't made a lot of headlines lately. 

Until today, that is, when the mobile payment platform returns to the limelight in a big way by gaining official support for international money transfers from the US. The aptly named Money Transfer feature is powered by Travelex, a UK-based foreign exchange company owned by fintech giant Finablr, and its requirements are fairly simple and straightforward.

To get started, you need to be a US resident or citizen with a valid Social Security Number and US address, you must be at least 18 years of age, and of course, own a Samsung device compatible with the company's proprietary mobile payment service. You also need to open an account with Travelex in the Samsung Pay app, and in order to successfully send someone money from your US-issued Visa or Mastercard debit or credit card stored in your Samsung Pay wallet, you have to know the recipient's full name (as shown on their bank account or ID) and their address of residence.

By the way, you can't transfer money directly from your bank account using Samsung Pay for the time being, but you are allowed to send funds from your debit or credit card to a bank account abroad if you also supply the recipient's IBAN, their bank's unique identifier code, and their billing address as held by their bank for SWIFT delivery.

That may sound like a whole lot of information, but for the most part, it's pretty standard stuff, and if you've ever used an international money transfer service before, you're probably familiar with this entire process. By the way, this is something that Apple Pay and Google Pay don't offer just yet, which makes Samsung seem like a pioneer of sorts. 

The truly impressive thing here is the list of countries US-based Samsung Pay users can send money to right off the bat, which includes a whopping 47 names, from Mexico to China, India, Nigeria, Jamaica, Japan, the UK, Sweden, Israel, Australia, South Africa, Turkey, France, Germany, Italy, and pretty much everywhere in between. Obviously, there will be fees and different exchange rates to consider, but Samsung promises to show you all financial details before making the transfer. And yes, there's also a minimum transfer amount of $50.

FEATURED VIDEO

17 Comments

1. gadgetpower

Posts: 281; Member since: Aug 23, 2019

I’m curious as how many Samsung user use Samsung pay than apple pay.

2. dnomadic

Posts: 423; Member since: Feb 20, 2015

Pretty sure most of them... That is the main thing I miss when I use my other phones. IT is integrated in to the phone like Apple Pay and works ALMOST everywhere. Sure there are more Apple Pay users in the US since there more iPhones and there is no other payment option on iphones. Samsung phones provide options GPay of Samsung Pay. Need to re-word the question though as currently constructed I'm not sure if I addressed the point of your question.

14. bambamboogy02

Posts: 840; Member since: Jun 23, 2012

Pretty sure they were wanting to know the percentage of people who use the respective Pay apps between Samsung vs Apple. So percentage of Samsung users using Samsung Pay vs percentage of Apple users using Apple Pay. The original wording is very questionable.

3. Xavier1415

Posts: 207; Member since: Feb 26, 2012

Everyday for me

5. j_grouchy

Posts: 180; Member since: Nov 08, 2016

Ummm 100% of Samsung users do not use Apple Pay...because they have Samsung phones and not iPhones. As for Google Pay vs. Samsung Pay...in my opinion Samsung Pay is superior for the simple reason that you can use it even on POS terminals that do not support NFC payment. I use it all the time at my grocery store that does not support Apple Pay or Google Pay.

7. ph00ny

Posts: 2052; Member since: May 26, 2011

I have an iphone and a note. I use samsung pay all the time except when i only have my iphone on me Ability to use it on a non-NFC terminal is a huge win. Also Samsung rewards is pretty cool

10. sun0066

Posts: 275; Member since: Feb 12, 2011

Every time that I can , it is just great to be able to leave wallet in your pocket and also hear to say sorry we do not have apple pay , and I said do not worry it gonna work , and it works x from Samsung Galaxy s6 !

11. ph00ny

Posts: 2052; Member since: May 26, 2011

It's always hilarious hearing that they don't support apple pay followed by which app is that

13. drunkenjay

Posts: 1696; Member since: Feb 11, 2013

i dont use samsung pay compared to using apple pay. it's due to my some of my cards not being accepted by samsung pay while all of my cards accept apple pay.

17. uberzero

Posts: 53; Member since: Jul 07, 2018

Mostly bank related issue when it comes to support.

16. LiveFaith

Posts: 484; Member since: Jul 04, 2015

I use it quite a bit. Just did today and the clerk said "It won't take a phone". I said hang on ... and bam the dude was in shock "nobody's phone has ever worked on that"! That's the beauty of it. I have Google Pay to but use it less unless I use my watch. A few places only take Apple Pay or G-Pay.

4. bucknassty

Posts: 1350; Member since: Mar 24, 2017

samsung pay is sweet. love it

6. cmdacos

Posts: 4260; Member since: Nov 01, 2016

Undoubtedly the best mobile payment app.

8. libra89

Posts: 2290; Member since: Apr 15, 2016

This is awesome!

9. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

Samsung pay works every damn where.

12. CloudCoinGlobal

Posts: 1; Member since: Oct 03, 2019

Samsung is getting headlines for this feature with big fees, that requires accounts and a lot of personal info--while CloudCoin can do it all quicker, cheaper, easier and more privately

15. tedkord

Posts: 17410; Member since: Jun 17, 2009

Hey, look, a spammer!

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.