Any business wanting to take a share in the market has its future plans. Firms are always looking for ways to extend their businesses. And after brands like Apple, Google and Huawei entered into the market of physical cards to enhance their payment portals and services, now it seems Samsung is planning for the same. Samsung to make its Samsung Pay service even stronger will soon launch a debit card of its own. During the 5-year celebration of the Samsung Pay service, the company announced that the Samsung Debit Card will launch this summer. For this Samsung is partnering with SoFi, a San-Fransisco based fintech company.
“ In 2020, Samsung Pay will be expanding our service from being a rewarding way to shop and pay, to also being a rewarding way to manage money. As a first step to this broader vision, this summer Samsung in partnership with SoFi will introduce a new Samsung Pay experience with an innovative debit card backed by a cash management account. We are excited to share more details in the coming weeks.”
Samsung also revealed that the card will be backed with a cash management account that will run on users’ smartphones. This will help users to take control of their own finances. Except for these, no further information regarding the card and service has been revealed yet.
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