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Samsung Pay: Launches Debit Card, Money Management

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Samsung Pay: Launches Debit Card, Money Management

  • Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi
  • Ahn added that over the summer months, Samsung Pay also will introduce a tool to help people better manage their financial lives
  • Samsung Pay has increasingly grown in popularity, processing more than one billion transactions
  • By early 2019, Samsung Pay’s international presence grew to six global regions
  • Contactless mobile payments are growing worldwide, but the U.S. has seen slow adoption compared to other regions
  • By 2018, about 50 percent of retailers and restaurants starting accepting Apple Pay

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