The incorporation will enable Samsung Pay users to remit funds through their Swipe Visa card balances utilizing Samsung Pay-activated gadgets.
The company asserts that it is the first digital wallet platform to offer cross-border support for Samsung Pay and Google Pay.
The embedding permits Swipe cardholder in the European Union and the United Kingdom to transfer funds from their crypto balances to more than 50 million places worldwide.
Swipe COO John Khenneth stated that the company has entered into a partnership with Samsung and Contis Financial, a digital money institution focused on end-to-end banking and payments solutions.
Khenneth affirmed the news of acceptance by Visa card and integration with Samsung Pay as follows:
“We were approved by Visa for a digital card program, in addition to our physical card program, a few months ago and have been integrating with the bank and Samsung Pay since.”
Swipe hopes to onboard Samsung gadget users to its platform, with this partnership. Khenneth said that Swipe is “hoping to tap into those Samsung lovers whom, with the help of Samsung Blockchain initiatives, have made crypto more aware to their audience.”
Khenneth has also highlighted a “large uptick in [the] number of digital payments on Google Pay,” since the Covid-19 outbreak.
Khenneth further stated that “As people move away from cash and physical cards, Google Pay and now Samsung Pay can really help and create new channels of seamless UX.”
Swipe CEO Joselito Lizarondo stated that “Given all of the COVID-19 issues and people steering away from physical products like cash and, in some instances cards, a digital solution really helps put our client’s needs first.”
While disclosing that the platform has obtained approval from the US regulators, Khenneth stated that the company is “currently working to go live in Southeast Asia/Asia Pacific region by the end of the year.”