Samsung Wallet will soon let you pay later for purchases

Samsung Wallet is following in the footsteps of Google Wallet and Apple Wallet, and will soon be adding a feature to the app that lets you break down purchases into smaller payments.

Samsung announced that its new installment plan feature is rolling out to Samsung Wallet starting July 25, and will allow you to complete in-store purchases using a payment plan from Splitit, a buy now, pay later (BNPL) provider.

When you go to make a purchase using Samsung Wallet, a new option will appear under eligible Mastercard and Visa credit cards called “Pay in installments.” Once you complete a purchase in-store, you can choose from four different Splitit installment plans depending on your “budget and preferred timeline” and keep track of the payments through the Samsung Wallet app.

“As a comprehensive tool for all of your digital essentials, Wallet is all about flexibility and convenience, and with the addition of Installment payments, we’re making the payment experience even more versatile, providing users with options to make purchases on their own terms,” said Drew Blackbard, Senior Vice President of Mobile Product Management at Samsung, in a press release.

Samsung Wallet’s payment plans are only available in select states

The minimum purchase amount is $50

If you’re interested in trying Samsung Wallet’s buy now, pay later feature, it’s worth noting that it’s only available in 21 US states at launch. The states it will be available in are: 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 the District of Columbia.

Samsung plans to expand its new Wallet feature to all states “by the end of 2025.” Samsung’s move here is an interesting one, as compared to other buy now, pay later plans which let you split up online purchases, Samsung’s approach is tailored to in-store purchases. This means paying for things like gas, groceries, and eating out.

According to the fine print in Samsung’s press release, users will be presented with four different Splitit payment plans:

• Six payments every two weeks
• Eight payments every two weeks
• Six monthly payments
• Nine monthly payments

After a purchase is made, you’ll have 24 hours to add a payment plan. The minimum purchase amount to apply a Splitit payment plan is $50.

Payment plans have become more common on digital wallet apps recently. Apple partners with providers like Klarna and Affirm to offer installment options in Apple Pay, and Google collaborates with several providers for Google Wallet, such as Affirm, Zip, and Afterpay. In June, Google announced a partnership with Klarna to incorporate its payment plans into Google Wallet (Google Pay) as well. If you have a Samsung Galaxy device and live in a participating US state, you can try Samsung Wallet’s new Splitit payment plans starting July 25.

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