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Samsung to launch new Samsung Pay experience with debit card

By Cookie Monster - on 9 May 2020, 10:57am

Samsung to launch new Samsung Pay experience with debit card

Five years after launching Samsung Pay, Samsung is ready to expand its mobile payment service beyond just a rewarding way to shop and pay. 

In partnership with San Francisco-based fintech firm SoFi, Samsung will be introducing a new Samsung Pay experience with an "innovative debit card" backed by a cash management account. 

While Samsung will only be sharing more details about the debit card in the coming weeks, the company claims it has been busy developing a mobile-first money management platform over the past year. It also revealed its vision to help consumers better manage their money so that they can achieve their dreams and goals. 

Google is also believed to be working on its own smart debit card which will be co-branded with different bank partners.

Source: Samsung