Key Points:
- It will be powered by Samsung Pay.
- Samsung will launch the card in the United States.
- That can be activated by NFC.
We already know that Apple and Huawei offering the physical card for the payment service and Samsung is asking ‘why should they have all the fun’ 😜, as the company is all set to launch its physical card and that will be dubbed as Samsung Money by SoFi, the same will be powered by its existing Samsung Pay service.
The company already announced its physical card a while ago but today the company revealed more details about the same and says that the card will be available for the private as well as shared accounts and the service can be activated via NFC feature of your phone. The upcoming Samsung Money by SoFi will allow you to manage all the financial stuff without making an effort like calling or visiting the branch.
Moreover, the Samsung Money by SoFi will also offer the in-house Rewards program and that means the same will allow earning points for each purchase and the threshold 1,000 points. It will also give a higher than the usual interest rate and when saving money in your Samsung Money account, and you will be charged for the money which is withdrawn from ATM but the company will repay the same.
The upcoming card will not have a CVV number on it but it will allow you to access the same via the Samsung Pay app and that is really great security for the users.
Speaking about the availability, the company didn’t reveal the launch date but it is believed to arrive later this summer in the United States.
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