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Not only Google and Huawei: Samsung is about to launch a debit card

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Published on May 08, 2020

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Not only Google and Huawei: Samsung is about to launch a debit card Android Blog Italy.

On the occasion of the fifth anniversary of the service, Samsung Pay, the Korean giant has announced that in the summer will launch a more “elevated” experience of payment. We're talking about a debit card.

If there seems to be a news familiar you are not mistaken, which also saw Google and Huawei have plans to launch a debit card and keep in your head to Apple that has launched a credit card.

The new debit card will be supported by an “account of the management of the liquidity”, through the partner company SoFi, and not a traditional bank. These “accounts management of liquidity” are in fact brokerage accounts are provided by another third party, Wilmington Savings Fund Society.

However, the addition of a debit card complete the current portfolio of Samsung Pay, which already offers contactless payment through NFC and MST (a technology that simulates a magnetic stripe), and even a system of rewards. As soon as it is available, the card will replace the last piece of the puzzle that was not yet seen by Samsung: the need to match a card issued with a checking account from a third party bank.

Samsung plans to introduce its new card debt by the end of the summer, with more details coming in the next few weeks and we still don't know what the markets might find it. The hope is clearly that, from the outset, there will be availability at Italian level.

Waiting to get more information, we want to remember that Samsung Pay not only allows you to pay in stores, but also to accept payments for merchants with the function the Samsung POS.

VIA

Not only Google and Huawei: Samsung is about to launch a debit card Android Blog Italy.

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