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(Alliance News) - Platform for payments Finablr PLC and Samsung Electronics America Inc on Thursday launched the Money Transfer feature in Samsung Pay.
Samsung Electronics America is a subsidiary of Samsung Electronics Co Ltd, a South Korean TVs, smartphones, tablets, laptops and home appliances manufacturer.
Money Transfer in Samsung Pay - a digital wallet service - is available now in the US and will be expanded to further markets in 2020, Finablr said.
This new in-app international money transfer service offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, the partners highlighted.
"The launch of this product advances our mission to meet the needs of financial consumers and further strengthens our position as a partner of choice for global payments and technology companies,"explained Finablr Chief Executive Promoth Manghat.
Finablr shares were trading 2.5% higher early on Thursday at 153.80 pence each, while Samsung shares closed 2.6% lower in Seoul at KRW47,600.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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