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Green Dot joins forces with Samsung for new Samsung Wallet capabilities

Wednesday 7 May 2025 12:55 CET | News

US-based digital bank and fintech Green Dot Corporation has teamed up with Samsung Electronics to roll out new Samsung Wallet features. 

By utilising Arc, Green Dot’s configurable Embedded Finance platform, Samsung Wallet’s US users are set to be able to access Tap to Transfer, a peer-to-peer (P2P) capability allowing them to transfer funds from the Samsung Wallet to another digital one or contactless debit card. The two companies intend to introduce more features and functionalities in the upcoming period.

Green Dot joins forces with Samsung for new Samsung Wallet capabilities

Green Dot’s Arc offering

As an Embedded Finance platform, Arc includes all of Green Dot’s secure banking and money processing services developed to support loyalty and expansion for consumers and businesses. The tool enables secure and optimised financial solutions and experiences for companies. By integrating it with Green Dot Bank, Arc equips partners with FDIC-insured banking products and tools, as well as regulatory and compliance knowledge, oversight, and support. Coming as a cloud-based, modular, and scalable offering, the Arc platform focuses on meeting a variety of business needs and objectives, with it being designed to adapt as partners expand.

Teaming up with Samsung enables Green Dot to provide instant P2P payments to the former’s user base while also underlining the fintech’s potential to support brands through secure financial experiences that offer increased value to consumers. Moreover, with Samsung planning to continue to work with Green Dot and utilise the support of the Arc platform, the company seeks to further extend the capabilities of Samsung Wallet, aiming to meet the needs, demands, and preferences of customers across the US.

Scaling the efficiency of payments

Integrated within the Samsung Wallet app, Samsung Pay allows users to tap to pay with Samsung gadgets at NFC-enabled devices, in turn simplifying in-store payments and supporting in-app and online purchases at participating merchants. Tap to Transfer extends the options available to Samsung Wallet users by facilitating P2P transfers to third-party tokenized NFC card-based wallets, such as Apple Wallet or Google Wallet, and any other contactless chip-enabled debit card.

Source: Link


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Keywords: partnership, mobile payments, e-wallet, digital wallet, financial services
Categories: Payments & Commerce
Companies: Green Dot, Samsung
Countries: United States
This article is part of category

Payments & Commerce

Green Dot

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Samsung

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