Transferring money in Malaysia is now as easy as scanning a QR code. There is no longer an excuse not to pay a debt because you don’t have cash. Samsung today also announced a new feature in Samsung Wallet called Tap to Transfer which allows money to be transferred between two users by tapping two devices.
This feature was developed by Samsung in collaboration with Visa and Mastercard. Debit card information stored in Samsung Wallet will be used to transfer money instantly without having to wait for long confirmation from the bank.
The NFC system on Galaxy devices will detect the presence of another Galaxy device to allow money transfers to be made. To use this feature, both devices must have the Samsung Wallet app. Tap to Transfer is currently available to users in the United States at the end of this month.