Samsung Announces 'Innovative Debit Card' Coming This Summer

Samsung Announces 'Innovative Debit Card' Coming This Summer

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Samsung has announced that it will launch an 'innovative debit card' this summer. The card is part of an expanded Samsung Pay service that will help users manage their money.

Over the past year we have been busy developing a mobile-first money management platform. Our vision is to help consumers better manage their money so that they can achieve their dreams and goals. Now more than ever, mobile financial services and money management tools will play an even bigger role in our daily lives while also opening up new possibilities.

As a first step to this broader vision, Samsung is partnering with SoFi to introduce a debit card backed by a cash management account. More details will be shared in the coming weeks.

Notably, a recent leak revealed Google is also planning to release a physical and virtual debit card. The card will reportedly be linked to your checking account, letting you purchase things in person, online, or via mobile phone.

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Samsung Announces 'Innovative Debit Card' Coming This Summer