Finablr, the payments platform, and Samsung Electronics America have joined forces to create a new money transfer function on Samsung Pay.
The new money transfer service enables users to make secure cross-border payments to 47 countries.
Sang W. Ahn, vice president and division head of content and services and Samsung Electronics America, said he was excited about being able to offer its American customers the opportunity to send money to their families around the world.
“Money Transfer is a first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient,” Ahn continued. “The range of services in Samsung Pay, developed in close collaboration with industry leaders such as Finablr, positions us to positively impact consumers’ everyday financial experiences.”
Promoth Manghat, group CEO of Finalbr, was also delighted to be partnering with Samsung to launch the new Samsung Pay function. “Underpinned by our integrated technology platform, this service demonstrates our ability to drive payments innovation,” Manghat continued. “Combining our industry-leading network and pioneering technology with Samsung’s leadership in the mobile device market, allows us to innovate at a scale that is unique in the $127tn global cross-border payments market. This partnership advances our mission to meet the evolving needs of financial consumers and further strengthens our position as a partner of choice for global payments and technology companies.”
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