Samsung partners with Green Dot to integrate Green Dot's embedded finance platform, Arc, into Samsung's digital wallet.
The collaboration allows American users to access peer-to-peer payments through the Tap to Transfer tool within Samsung's wallet.
The Arc platform offers banking and money processing capabilities and is used by numerous businesses in conjunction with FDIC-insured banking products.
Embedded finance is reshaping the financial ecosystem, with digital wallets gaining popularity for cross-border transactions among American consumers.