The new Samsung Wallet app can act as a cryptocurrency wallet in addition to storing digital keys, driver’s licenses, COVID-19 vaccination certificates, digital tickets and passes, and digital vaccination certificates. Additionally, the capabilities of the Samsung Pass password manager have been incorporated into Samsung Wallet. The mobile application can now be downloaded in certain countries and regions, among them the United States.
Up until this point, Samsung Pay has been the primary all-encompassing payment solution offered by Samsung, and it is compatible with the majority of the company’s Android devices. It provides users with the ability to store encrypted digital copies of their credit or debit cards, thereby preventing any form of digital sabotage from occurring. However, during the launch of its Galaxy S22 series in February 2022, Samsung disclosed the next iteration of its card-storage solution, which was referred to as Samsung Wallet.
Samsung made the announcement that Wallet would be made available in the following months during the first Galaxy Unpacked 2022 event in 2022. Although it was originally anticipated that the app would be launched in South Korea, the home country of Samsung, the app is now available in a number of markets, including the United States of America, France, Germany, Italy, the United Kingdom of Great Britain and Spain. Those who are already utilizing Samsung Pay and Samsung Pass will receive a notification to download the latest version of the Samsung Wallet app and migrate their data.
If you have the impression that you have heard of It’s interesting to note that Samsung released a second Wallet app in 2013 with functionality very similar to the first. After some time, in 2015, Samsung Pay came out and replaced the app.
Samsung is ahead of Apple in terms of features.
The Knox Vault platform, which offers military-grade security to isolate passwords and payment information from the rest of the operating system, is the foundation upon which Samsung Wallet is based, according to the claims made by the company, making security a primary focus of the product.
Those who are interested in trying their luck with digital money can take advantage of Samsung Wallet, which offers a singular and consolidated financial solution thanks to its support for cryptocurrency keys. It is unknown at this time whether or not Samsung provides its users with any additional functionality in addition to the management of their cryptocurrency portfolios. Biometric safeguards, such as those found in the Samsung Pass feature, will be utilized by Samsung Wallet in order to facilitate automatic password management and online authentication.
During this time, the Samsung Wallet will come in handy for storing essential documents such as identification cards, driver’s licenses, COVID-19 vaccination cards, and other membership and gift cards. Additionally, users will have the ability to store their airline tickets and boarding passes within the Wallet app; however, at launch, this functionality will only be available for select Korean airlines.
Certain Samsung Galaxy devices are only supported by this app.
The app will also provide users with the ability to store digital car keys for certain vehicles, such as BMW automobiles that are released after July 2020. The following BMW models are supported: the BMW iX, the BMW X5, X6, and X7, as well as the BMW numeric models ranging from the BMW 1 Series all the way up to the BMW 8 Series (with the exception of the 7 Series). In addition to certain Hyundai models, such as the Palisade, this application is compatible with the Genesis GV60 and G90. In the meantime, other car manufacturers that allow users to unlock their doors with their phones might be added at some point in the future.
Additionally, Samsung claims that users will be able to unlock smart doors by using the Wallet app; however, the brands and models of smart doors that will be supported have not yet been specified.
Although the Samsung Wallet app was initially introduced in conjunction with the Galaxy S22, it will eventually be compatible with a wide variety of mobile devices that run Android 9 or a later version. Notably, because Wallet is dependent on Knox, it may only be available on phones that have a built-in Secure Element (eSE) or a physical Knox module on the chipset. This restriction is important to note. In the meantime, it’s possible that the car unlocking features will only work with devices that support UWB technology. Once Samsung has made this new Wallet app available to the general public, the company will disclose the complete list of devices that are compatible with it.