Samsung Pay, a mobile payment and digital wallet service from Samsung including Samsung pass an identity management service to protect your passwords, will soon be replaced by Samsung Wallet.
Samsung Wallet is here to offer features that merge both Samsung Pay and Samsung Pass.
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Samsung Wallet will be supported by most major banks in the country such as Standard Bank, FNB, Capitec including Absa.
The system was initially launched around June 2022 and the rollout of the feature still does not have a definite date in the country.
What we do know is Samsung Wallet has a few handy features that could replace that bulky wallet.
Store your ID’s, airline boarding pass, crypto wallets, debit and credit cards, the wallet feature will merge passwords including most contents from your physical wallet.
While the feature will not be rolled out for all Galaxy phones – at the same time, Samsung users can expect notifications going into the festive season prompting for the migration.
Samsung Wallet will be an improved version to Samsung Pay with features such as fingerprint recognition and encryption to keep data safe.
The feature will provide options such as digital home and car keys including cryptocurrency.
The new digital platform will be available to most Galaxy users for privacy peace of mind with access to both offline and online payments.
These digital wallets are fast becoming a trend with most banks injecting financial muscle in order to migrate to card-less systems.
Digital wallets are financial transaction applications that run on mobile devices and store payment information including passwords.
Digital wallets can store drivers licenses, car keys, plane and travel information, loyalty cards, gift cards and even membership cards.
They allow users to track payment history on devices like phones and tablets.
The digital wallet was created to take advantage of the abilities of mobile devices to improve access to financial products and services.