Samsung Wallet launches Tap to Transfer

Samsung has launched a new Tap to Transfer feature in the US, allowing users to transfer money from their Samsung Wallet using NFC — without using a banking app.

Starting May 30, 2025, Samsung Wallet users in the US can use the new Tap to Transfer feature to transfer money directly between devices. Transfers are made by tapping their phone with NFC to the recipient’s debit card — either digital or physical, as long as it supports contactless payments. Samsung has implemented the feature in partnership with Visa and Mastercard, ensuring compatibility with major banking systems.

Payments are currently free of fees until July 24, 2025, after which Samsung will charge 1.75% of each transaction (minimum $0.25), but only on the sender’s side.

The technology is based on integration with other wallets — Google Wallet and Apple Wallet, and allows you to avoid using third-party applications like Venmo or PayPal. Tap to Transfer works through a built-in NFC chip, similar to the one used in card reader terminals.

Samsung Wallet is a payment and digital platform that already allows you to store credit cards, driver’s licenses, boarding passes, club cards, etc. The Tap to Transfer function was first announced in early May 2025. At the time of launch, it is available in the USA and South Korea, and will soon appear in other countries. The appearance of this function occurs against the background of the active development of peer-to-peer payment services and the need for fast and secure financial transfers without involving banking applications.

Samsung has taken another step towards a full-fledged financial ecosystem by launching Tap to Transfer — a function that turns a smartphone into a payment terminal. This tool strengthens the company’s position in the competition with Apple Pay and Google Pay, allowing for instant transfers without unnecessary applications. It is also a strategic step towards standalone mobile banking with minimal fees and maximum convenience for users.