Apple and Huawei have their versions of bank cards and this won’t stop their close rival from launching their own Samsung Pay bank card soon. The South Korean manufacturer has announced that it is about to launch its first physical debit card, five years after launching its own mobile payment service. The physical Samsung Pay card is expected during the summer.
Samsung, therefore, follows suit with Apple and Huawei, but nevertheless stands out from its competitors by opting for a debit card rather than a credit card. The Samsung Pay will still be, like the others, associated with an application for tracking and managing expenses.
Samsung has partnered with the Californian company SoFi which is not a bank but a company specializing in financial technologies, active in the refinancing of student loans in the United States.
Unfortunately, little is known yet about the Samsung debit card but we are 100 percent sure that it will be limited to specific regions just like the Samsung Pay or Apple Pay services. The South Korean company promises to share more information on this in the coming weeks.
Rumor also has it that Google is also working on a physical payment card after developing Google Pay. We can expect others to face as much. It remains to see whether consumers will get involved in this new trend.
