Samsung Wallet is stepping up its game with a brand-new installment payment feature that could go toe-to-toe with Apple Pay Later.
Launching on July 25, the update allows Samsung Wallet users in the U.S. to split their in-store purchases into smaller, more manageable payments – no credit checks, no new credit lines.
This flexible payment method is made possible through Samsung’s collaboration with Splitit. Instead of applying for financing, users simply choose an eligible Visa or Mastercard already stored in their Wallet. The money comes straight from their existing credit line.
At checkout, a new ‘Pay in installments’ option appears, letting users select one of four plans: six bi-weekly payments, eight bi-weekly payments, six monthly payments, or nine monthly payments. If a plan isn’t selected within 24 hours, the full payment goes through automatically.
Currently available in 21 states and Washington D.C., Samsung aims to roll out the feature nationwide by the end of 2025. States in the initial launch include Arizona, Arkansas, Colorado, Georgia, Idaho, Illinois, Kansas, Louisiana, Maine, Maryland, Michigan, Missouri, Montana, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Tennessee, Utah, Wyoming, and Washington D.C.
This new offering follows Samsung’s earlier Tap to Transfer addition and further emphasizes the brand’s mission to provide convenience. “Wallet is all about flexibility and convenience,” said Drew Blackard, SVP of Mobile Product Management at Samsung Electronics America. “With Installment payments, we’re giving users more control over how they pay.”
Samsung’s timing is strategic, especially as new Galaxy foldables like the Galaxy Z Fold 7 hit the market. With larger purchases becoming more common, this feature adds a welcome layer of financial flexibility and keeps Samsung competitive in the mobile payments arena.