The new in-app international money transfer service offers users seamless and secure cross-border payments to 47 countries through a variety of pay-out methods.
Monday 07, October 2019 BY KUDAKWASHE MUZORIWA
Abu Dhabi-based Finablr has partnered with Samsung Electronics America to introduce a money transfer feature in Samsung Pay.
The collaboration between Finablr and Samsung allows Samsung Pay users in the US to use their existing eligible pre-registered debit or credit cards in Samsung Pay to send money to recipients via Finablr’s global network.
The service leverages Finablr's global reach and distribution capabilities, providing a wide choice of pay-out options tailored to the preferences of the recipient—from bank deposits to cash available for pick up.
Promoth Manghat, the Group Chief Executive Officer at Finablr, said, “Combining our industry-leading network and pioneering technology with Samsung’s leadership in the mobile device market, allows us to innovate at a scale that is unique in the $127 trillion global cross-border payments market and this partnership advances our mission to meet the evolving needs of financial consumers as well as further strengthens our position as a partner of choice for global payments and technology companies.”
The payment and foreign exchange processing firm listed its shares on the premium segment of the main market of the London Stock Exchange in May 2019.
The holding company’s brands include the UAE Exchange, Travelex as well as Xpress Money, Unimoni, Remit2India and Ditto.