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Samsung Wallet Debuts In-Store Installments for Users in 21 States and D.C.

Powered by Splitit with no new credit checks, the feature will reach all U.S. Samsung Wallet users by year-end.

Samsung Wallet
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A new Samsung Wallet feature could rival Apple Pay Later when buying a new phone

Overview

  • Purchases made in-store can be split into installments charged directly to the balances of existing Visa or Mastercard cards saved in Wallet.
  • At checkout, users tap “Pay in installments” next to an eligible card and select one of four plan options.
  • The available plans include six or eight biweekly payments and six or nine monthly payments to fit varied budgets.
  • If no installment plan is chosen within 24 hours of a transaction, the total purchase amount is charged at once.
  • The addition deepens Samsung Wallet’s in-store capabilities following Tap to Transfer and positions it more firmly in the buy-now-pay-later market.