Samsung Pay now offers international money transfers for US users

Samsung Pay users in the United States will be able to transfer money to accounts in 47 countries including India, Mexico, China and the Philippines, with payment options including bank deposits and cash collection. Samsung says this will be the first international money transfer service in the app for users with their own mobile wallet in the US. Mobile payment services are popular in countries like India and China, but not so much in Europe or North America.

The payment service is operated by Travelex, the currency company owned by the Finablr payment platform. The app will show users all fees and exchange rates their payments will be subject to before any funds are transferred and recipients do not have to be Samsung Pay users themselves.

The Samsung Pay transfer feature is now available to US users and the company plans to expand to other countries next year.

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