After the Apple Card and the Huawei Card, it’s time for the Samsung Pay bank card. The South Korean manufacturer has announced that it is about to launch its first physical debit card, five years after launching its own mobile payment service. The physical Samsung Pay card is expected during the summer.
Samsung is about to launch a bank card, just like Apple and Huawei
Samsung, therefore, follows suit with Apple and Huawei, but nevertheless stands out from its competitors by opting for a debit card rather than a credit card. The Samsung Pay will still be, like the others, associated with an application for tracking and managing expenses.
The South Korean manufacturer has partnered with the Californian company SoFi which is not a bank but a company specializing in financial technologies, active in the refinancing of student loans in the United States.
Unfortunately, little is known yet about the Samsung debit card, especially the regions in which the card will be introduced. The South Korean company promises to share more information on this in the coming weeks.
Physical cards, the new trend
After developing their own mobile payment service, smartphone manufacturers seem to be motivated by a new ambition. They are developing a physical debit or credit cards. Samsung is only the third to embark on the adventure. It comes after Apple and Huawei, but it will not be the last.
Google is also working on a physical payment card after developing Google Pay. We can expect others to face as much. It remains to see whether consumers will get involved in this new trend.
Now more than ever, people are counting on technology to help them make contactless payments, shop, and manage their finances without leaving the house. Samsung is here to help. Our mission is to make everyday life easier so you can focus on what’s most important.