Payment is now even easier than you could even think it to be. The latest announcement by the giant tech company is making headlines again but for good ofcourse! All you need to know is written down below, so go through and keep note of it.
Making Payment is no more Hectic Now!
Samsung very recently made a revelation about payment making process. This announcement talks about Phone to Phone payment process for users of Samsung Wallet in particular.
Key Highlights of the Announcement
The key feature from this announcement to catch attention is the process of payment Samsung users can follow just by tapping one Galaxy phone with the other Galaxy phone. Yes! You read this correct. All you need to do is just tap to pay and transfer money with NFC.
What if One doesn't have a Digital Wallet?
Tapping phone to phone is a cool feature indeed. But what raises question on the other hand is about the ones who doesn't have digital wallet. There is a fix for them as well. You can easily use your Mastercard or Visa Debit Card's NFC chip to enjoy this tap-to-pay process. This feature by Samsung makes it not only special but also a stand out from the rest in the market like the Venmo. This unique Samsung feature is truly the apt 21st century feature.
Technology Samsung Uses for this
Let's now learn a bit of the technology Samsung uses. The Samsung Wallet uses the NFC tech for connecting with the user's digital debit card. This digital debit card is nothing but the one already present in the user's digital wallet.
Another option available is of physical debit card for money transfer. If you want to pay money to someone but do not have digital wallet even then you don't have to worry. Use your physical debit card instead of the digital wallet and just tap it with the other and successfully transfer your money. This happens with Samsung Wallet first setting up connection with the chip present in the debit card and then activating the process. This feeling is just the same of making payment in amy store.
All Good yet a Restriction
The money transfer process is undoubtedly looking seamless and easy. This is a very effective way to make money transfer very efficiently. But the only restriction is it is available only for Samsung handset owners. To simply put, if both parties use Galaxy phones and have a debit card in their store then transfer of money from one's bank account to the other's bank account will be buttery smooth and effectively seamless.
