Samsung plans to launch a Samsung Pay debit card this summer season, the company announced today in a weblog submit by Sang Ahn, vp and common supervisor of Samsung Pay in North America (via Android Central). Samsung will launch the cardboard, which might be backed by a cash management account, in partnership with private finance firm SoFi, Ahn mentioned.
Samsung can also be creating a “mobile-first cash administration platform,” in response to Ahn. His weblog doesn’t element what options that cash administration platform or the upcoming debit card could have, however he does say that Samsung will share extra particulars “within the coming weeks.”
Samsung joins Apple in providing a branded cost card. Apple’s is the Apple Card, a bank card issued in partnership with Goldman Sachs and launched in August 2019. The Apple Card is each a titanium card you may put in your pockets and a digital card you should use by way of Apple Pay in your iPhone and Apple Watch, and you may monitor spending in your Apple Card inside iOS’s Pockets app.
Google is reportedly working by itself branded cost card as effectively, although Google’s will apparently be a debit card, like Samsung’s. Google will even supposedly provide spending-tracking instruments for the cardboard.