Samsung to launch its first debit card soon
South Korean tech giant Samsung is all set to launch Samsung Pay debit card in the coming weeks, the company announced in a blog post in North America by Sang Ahn, vice president, and general manager of Samsung Pay.
This debit card will be launched in partnership with SoFi – a US-based online personal finance company – and will be supported by a cash management account.
At this point, not much has been reported by the company about this debit card, but it states that it has been under development for more than a year with a ‘mobile-first money management platform’ approach and is aimed at consumers. Better management is money on a daily basis.
The announcement was made on the occasion of the fifth anniversary of Samsung Pay. During this time, the platform has been used for billions of transactions, earning more than 13 billion Samsung Rewards points, and making more claims for the company.
In the past year, we have been busy developing a mobile-first money management platform. Our vision is to help consumers better manage their money so that they can achieve their dreams and goals. Now more than ever, mobile financial services and wealth management tools will play an even greater role in our daily lives, opening new possibilities as well. ”
For the unaware, last month, it was reported that Internet search giant Google is also working on a debit card. samsung pay launched in India The company is said to be developing both physical and virtual debit cards, which will be co-branded with various banks such as Citi or Stanford Bank Credit Union. Even though Google has not officially said anything about the development of this product, the alleged Google card support appeared on its web browser Google Chrome.