Following in the footsteps of Apple and its commitment to a product in the world of finance with the Apple Card, other companies have wanted to follow in its footsteps. Google recently announced a similar card, debit instead of credit, Huawei is ready to do the same and this week Samsung has confirmed the launch of its next payment instrument.
As announced through its official blog, the Samsung Card is scheduled to launch this summer. Although the details of its operation are not yet known.
Samsung will launch its "Samsung Card"
Based on the experience of similar proposals, the Samsung Card is expected to be integrated with the mobile payment system Samsung Pay, which this month reached its fifth anniversary and on the that Samsung has said it will evolve to become a “mobile money management platform first” .
According to what has been published by the company, the debit card backed by a cash management account, will be presented by the financial institution SoFi . Regarding this alliance, Samsung has explained:
“Samsung Pay is evolving to help you do even more. This summer, Samsung and its partner SoFi will bring a debit card and a cash management account to the Samsung Pay experience. ”
Although the Apple Card could have advantages given that it offers a line of credit taking into account the financial history of its clients, although some think otherwise, it is curious that Samsung and other competing companies insist on integrating a physical debit card, when precisely the MST functionality of their payment platforms implies the absence of this resource.
Now more than ever, mobile financial services and money management tools will play an important role in the day to day. These already offered the clear advantage of substituting cash and security in transactions, now it only remains to wait for possibilities proposed by Samsung and other companies regarding their debit cards.
The Samsung article will also launch its Apple Card-style "Samsung Card" that was first published on iPadizate.
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