SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung Pay debit card is launching this summer in partnership with SoFi

Pay
By 

Last updated: May 7th, 2020 at 18:57 UTC+02:00

Samsung Pay is reportedly going to expand its services with the release of a Samsung debit card. The card will work in conjunction with a cash management account and Samsung is partnering with online personal finance company SoFi to bring this new service to customers.

Samsung wants to release the debit card this summer, according to CNet, and will reveal more details about the Samsung Pay debit card in the coming weeks. Sang Ahn, GM of Samsung Pay North America revealed that the company has been busy developing a mobile-first money management platform over the past year, and in 2020, Samsung Pay is evolving from being a rewarding way to shop and pay, to also being a rewarding way to manage your money.

The recent announcement marks nearly half a decade on the market for Samsung Pay. And over the past five years, the payment platform continued to grow to become available in 27 countries. It debuted in South Korea in August 2015 and became available in the USA a month later. Samsung continued to partner with numerous financial institutions over the years and Samsung Pay just recently added support for Swipe’s cryptocurrency Visa cards.

Since the recent announcement was reportedly issued by Samsung Pay North America, it remains to be seen if the upcoming Samsung Pay debit card will be released in every market where the platform is available, or if it will be initially bound to North America.

Pay Samsung Pay
Load 3 comments

You might also like

[Update: Fixed] Samsung Pay stops working on non-Samsung phones

Update: Samsung has confirmed to us that this issue has now been fixed through a patch, and Samsung Pay should …

  • By Asif Iqbal Shaik
  • 2 days ago

Samsung Wallet merges Samsung Pay and Samsung Pass to store cards, IDs …

Last week, Samsung announced that it would merge Samsung Pass and Samsung Pay into a single app. Today, the So …

  • By Asif Iqbal Shaik
  • 1 week ago

Samsung Pass will soon be merged into Samsung Pay, complete with Digit …

In a surprise announcement, Samsung said earlier today that it will merge Samsung Pass and its features into t …

  • By Asif Iqbal Shaik
  • 2 weeks ago

Europe finds fault with Apple’s selfish use of NFC

The European Commission isn’t happy with Apple’s monopolistic views regarding its mobile payment p …

  • By Mihai Matei
  • 2 months ago

Samsung expands Pay platform in Brazil with support for C6 Bank cards

Samsung Pay is expanding its capabilities for customers in Brazil. The mobile payment platform has been around …

  • By Mihai Matei
  • 2 months ago

Samsung Pay scores high points in an independent security test

According to an official newsroom post, Samsung revealed that in a recent security test conducted by an indepe …

  • By Sagar Naresh
  • 4 months ago