Samsung Electronics America has announced its partnership with the payment platform Finablr, which is part of RippleNet. The purpose for which it supplemented this alliance was the development of new options for Samsung Pay. It is expected that, once the update is complete, the application will be able to send money to 47 countries using a variety of payment options.
According to official statements of Finablr: The service takes advantage of the distribution capabilities and global reach of Finablr, providing a wide variety of payment options tailored to the preferences of the recipient, from bank deposits to cash available to withdraw. In addition, the users of Samsung Pay in the United States will be able to use their credit or debit cards to send money in a safer way. Finablr is a company with great potential and possibilities for growth. Ensures that its technology of cross-border payments currently serves more than 25 million people in 170 countries around the world. Likewise, the new company joined the network of banks and payment providers Ripple (XRP), RippleNet, in December of last year. For his part, the vice president of content and services, Samsung Electronics America, Sang W. Ahn, explained that the partnership with Finablr is part of a broader plan to expand the scope of Samsung Pay.
Money transfer is the first step in our vision to develop Samsung Pay in a platform that makes the financial lives of users more convenient. The range of services available on Samsung Pay, developed in close collaboration with industry leaders such as Finablr, positions us to positively impact the experiences day to day finances of the consumers. It is important to remember that the technology giant has already dabbled in the world of Blockchain and the cryptocurrencies. Therefore, it has been able to enjoy firsthand the benefits that these technologies bring.
Source: Currency Market
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