The end of the traditional portfolio is very close; The mobile has already completely replaced it for millions of Spaniards, and in the near future it will be able to fulfill all its functions. We do not speak only of payments with the mobile, there is already an app that replaces the ID and allows identification without the need for the physical card.
Google, Samsung portfolio apps and other brands have also expanded, offering the possibility of saving all kinds of accreditations, from public transport tickets to points cards. And very soon, The mobile will allow us to finance our purchases and take us the product without paying it at once; That is one of the novelties in which Samsung works for his Wallet app.
As he has discovered @theordysm In the latest beta version of Samsung Wallet, the Korean company is working on new functions that will offer more payment and transfer options, which go far beyond simply using the mobile to pay. In fact, you can completely change the way we buy in physical stores, and make it more similar to online stores.
The first major novelty is the installment payment option in Samsung Wallet. Indeed, instead of making full payment, we will have the option of Complete the payment in several installmentsin a more comfortable way and without stress. Actually, there are already financial apps that allow something similar, but this is the first time we see a similar option in one of the main portfolio apps.
The interesting thing about this option is that Allows payment in deadlines in any store that allows payment with the mobile and in all purchases with Visa and Mastercard cards; In other words, practically anywhere. That is because the financing will not be managed with the seller, but with an intermediary that will make the payment to the store and then charge us the corresponding quotas when they touch; In the beta version that has been filtered, this company is Splitit, a credit card payment service.
Of course, this type of buying purchases comes with an asterisk; Although the service does not carry out a credit check, it is subject to approval of the company responsible for the payment, and may include additional costs That we will have to pay together with the fees, increasing the price of what we have bought. It is expected that during the payment process all information regarding financing will be offered.
In the same way, it is unlikely that this install payment function in Samsung Wallet is initially available worldwide, especially because Splitit is a company focused on the United States; It is expected that Samsung has to reach agreements with different financial companies in each country to offer this option.
The free android
Another very interesting novelty that has appeared in Samsung Wallet is the New function of sending money. The beta version of the app already includes the instructions and the explanation of how it works, and is very simple. Users will only have to touch another mobile or even a debit card to send money to another person. The NFC of our device will read the card data, whether physics or stored on another smartphone, and will transfer directly.
This function also has details to be specified, such as how this transfer will be carried out, or how long the process will take. But it is as easy as touching a cardit is likely to become a very popular option to make transfers between two people without more complications or need to create an account in an external service.
