Samsung Wallet’s peer-to-peer payment feature Tap To Transfer is coming to the US. Originally launched in October 2024 in South Korea, the new feature will soon roll out to Galaxy users stateside. Samsung’s payment app is also adding Instant Installment, which is a Buy Now, Pay Later service. An upcoming update for Samsung Wallet will bring these features.
Samsung Wallet gains peer-to-peer payments in the US
Tap To Transfer allows direct money transfer between two Samsung Wallet users. This can be done by simply tapping the two Galaxy phones together. The feature likely uses NFC technology to identify the receiver and then lets the sender initiate and complete a transaction. As mentioned above, Samsung first launched this function in South Korea.
Interestingly, Tap To Transfer won’t be exclusive to Samsung Pay, the part that handles payments in Samsung Wallet. Since it relies on linked accounts and debit cards, the feature will also support third-party digital wallets. Mastercard or Visa will process the transaction, making the feature versatile and accessible. Samsung might be looking to one-up Apple’s Tap To Cash feature.
These two payment card companies are also the pillars behind Samsung Wallet’s BNPL (Buy Now, Pay Later) feature Instant Installment, handling the backend payment processing. This service will integrate with Mastercard and Visa credit cards, enabling users to split purchases into manageable installments directly from their phones when shopping at physical stores.
The new Samsung Wallet features will be available in the US after the Galaxy S25‘s market release. The new flagships are slated to arrive on store shelves on February 7. It could take a while before Samsung rolls out the new update for the Wallet app, though. Reports suggest users may have to wait until the second quarter. All NFC-enabled Galaxy phones should support Samsung Wallet’s Tap To Transfer and Instant Installment features.