Samsung joins hands with Finablr, a Ripple partner to introduce international money transfer feature

Samsung and Finablr introduced an international money transfer service to users in the US. Samsung Pay users in the US can initiate international transfers using a registered debit or debit card. Finablr is a listed partner of Ripple. According to the official announcement, the service gives users the ability to spend money seamlessly to their recipients through a variety of digital and physical payout methods in 47 countries.

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Samsung Pay and Fianblr earlier announced to introduce an international money transfer feature to US users. Finablr is a listed partner of Ripple in London. According to the official announcement, the service combines Samsung Pay’s convenience, scale, and security with Finablr’s international reach and 40 years of cross-border payment expertise.

Samsung executive Sang W.Ahn said that Samsung is excited to enable users to send money from the US to the rest of the world by making it simple, secure, and transparent. He added that this money transfer feature is the first step in their vision to evolve Samsung Pay that makes users’ financial lives more convenient.

Group Chief Executive Officer at Finablr, Promoth Manghat commented that they are delighted to be partnering with Samsung to launch this new in-app cross border payment capability. He added that underpinned by Finablr technology platform, this service demonstrates the ability to drive payments innovation.

The company said in the announcement that the international payments on Samsung Pay would be convenient, secure, and transparent. Currently, the service is only available to US users, but the company promised to expand it to other markets in 2020.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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