Samsung has added a new ‘Buy Now, Pay Later’ feature to its Wallet app. We are already familiar with the fact that Samsung Wallet is one of the best picks for contactless payments. It allows you to digitally store all your digital bank cards, travel documents, identity documents, etc. The new option is a welcome addition that will ease the burden on your pocket.

Samsung Wallet gets “Buy Now, Pay Later”

Samsung has announced that it is adding a new ‘Buy Now, Pay Later‘ option in the Samsung Wallet app. The digital wallet is widely used for making contactless payments using a credit or debit card. It eradicates the need to carry physical bank cards everywhere.

The new Buy Now, Pay Later feature, as the name implies, will allow the user to pay for the purchase later. The payment can be made in easy installments as well. Depending on your preferences, you can divide the installments into available monthly schedules. The option to pay using Buy Now, Pay Later will appear right alongside the credit and debit card section in the Samsung Wallet app.

Users can pay in easy installments as well

The company has partnered with the finance firm Splitit to enable users to pay in easy installments for their purchases. Users will be able to use the payment option almost everywhere. The payment option will be supported at gas stations, grocery stores, and other in-store transactions. The user can later track and pay the bill directly from the Samsung Wallet app.

Samsung adds in the press release that “We’re making the payment experience even more versatile, providing users with options to make purchases on their own terms.” Now it is quite evident that it works more or less similar to the credit card. But it does have its own advantages, such as better tracking, no bank interference, and probably lower interest rates.
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Source: ndroidheadlines.com