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Finablr launches money transfer feature with Samsung Electronics America

The FTSE 250-listed company previously said it continues to invest in the increasing demand for invisible payments by consumers and businesses

Finablr PLC - Finablr launches money transfer feature with Samsung Electronics America
The service allows cross-border payments to 47 countries within Samsung’s native wallet

Finablr PLC (LON:FIN), the payment platform that owns Travelex, has launched a money transfer feature in collaboration with Samsung Electronics America.

The service allows cross-border payments to 47 countries within Samsung’s native wallet Samsung Pay.

READ: Finablr enjoys growth from currency exchange, cross-border payments and B2B

It is available in the US and will expand to “further markets” next year.

“Combining our industry-leading network and pioneering technology with Samsung's leadership in the mobile device market allows us to drive innovation at a scale that is unique in the US$127 trillion global cross border payments market,” said Finablr’s chief executive Promoth Manghat.

The FTSE 250-listed company previously said it continues to invest in the increasing demand for invisible payments by consumers and businesses, driving its strong financial results.

Shares were up 2.53% to 153.8p mid-morning.

Quick facts: Finablr PLC

Price: 130.8 GBX

LSE:FIN
Market: LSE
Market Cap: £915.6 m
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