The debit card that relies on the South Korean company's proprietary system will debut in the summer. But Google is also ready to take the field
Samsung also takes the field in the world of payments via smartphone and challenges the Apple Card. The South Korean company reveals new details of the digital transaction management system. The card - Samsung Money - will be available to owners of Galaxy smartphones in the US during the summer.
Already announced a few weeks ago, the system will offer a cash management account and a debit card from the Mastercard circuit (called "Samsung Money by SoFi") which relies on Samsung Pay.
Unlike the Apple Card, Samsung's is not a credit card but a debit card. "The account is secure, without costs and rewards users for savings, gaining a greater interest than the national average of transactional accounts," reads a company note.
The advantages of Samsung Money
Like the Apple Card, the Samsung card did not superimpose the number, expiration date and CVV, information accessible through the app.
But Google could soon join the game. According to the rumors leaked last month, in fact, the Californian giant is developing its own debit card, both 'physical' and virtual. It would rely on the Google Pay mobile payment system, and would be usable for paying both in stores, online and via smartphone.
