Samsung Pay: Mobile Payment App & Digital Wallet
This can be their U.S. bank account, their Venmo balance, or a credit/debit card. Payments are made by choosing the recipient, adding the amount of the payment and indicating the reason for the transfer. Recipients then receive a notification that looks like the kind of Facebook message stream familiar to the service’s mostly young users. Under the contact’s icon, a message explains why they’ve just sent some money. These digital wallets electronically store your payment information, allowing you to make contactless, secure purchases in stores, in apps and on the internet without having to show a physical credit card. Many retailers now have updated payment terminals that are compatible with contactless payments like mobile wallets and contactless cards. They can store things like credit card information, loyalty cards and even tickets you’ve purchased. A digital wallet uses software to link your payment details from your connected bank account to the vendor that the transaction is...