Global payments platform Finablr and Samsung Electronics America have launched a Money Transfer feature in Samsung Pay, whereby users in the US can send money to people in 47 other countries. At the moment, the feature is available within the US, but there are plans to extend it to other countries next year.
Worldwide mobile money transfer volumes will exceed 203 billion in 2024, up from 130 billion in 2019, according to new research which reveals that country domestic transfers are being driven by increasingly easy mobile payment systems.
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