2020 will bring a new kind of Samsung Pay experience that feels a bit archaic compared to the current physical plastic cards. Samsung announced a partnership with this week SoFi, so that Samsung Pay users can soon receive debit cards secured by a special cash management account.
Samsung was aware of the details right now, but basically we̵
Here are the important things Samsung said, but as you will read, more details will follow.
In 2020, Samsung Pay will expand our service from a rewarding way to shop and pay to a rewarding way to manage money. Last year we developed a mobile first money management platform. Our vision is to help consumers better manage their money so they can achieve their dreams and goals. Mobile financial services and money management tools will play an even bigger role in our daily lives than ever, and at the same time open up new opportunities.
As a first step towards this broader vision, Samsung will partner with SoFi this summer to launch a new Samsung Pay experience with an innovative debit card supported by a cash management account. We look forward to sharing more details in the coming weeks.
We will update you as more details become available.