Samsung Pay gets international money transfers and virtual debit card

Samsung Pay gets international money transfers and virtual debit card

American users of Samsung Pay can now send money overseas and sign up for a virtual Mastercard debit card.

Samsung has teamed up with London-based Finablr on the money transfer feature, which lets American users send funds to 47 countries through host of payout methods from within the Samsung Pay app.

The service taps Travelex owner Finablr's distribution capabilities to let recipients pick up their money through several options - from bank deposits to cash available for pick up.

“Our consumers are global and have friends and family around the world. Samsung is excited to enable users to send money from the US to the rest of world by making it simple, secure and transparent,” says Sang W Ahn, division head, content and services, Samsung Electronics America.

Meanwhile, Samsung has partnered Mastercard and Netspend on Samsung Pay Cash, a virtual card that lets US customers request, send or add money to it through any other card in Samsung Pay. The card can then be used wherever Mastercard is accepted.

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