{"id":10654,"date":"2020-05-08T19:45:00","date_gmt":"2020-05-08T19:45:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2546956"},"modified":"2020-05-08T19:45:00","modified_gmt":"2020-05-08T19:45:00","slug":"samsung-will-introduce-an-innovative-debit-card-this-summer","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/05\/08\/samsung-will-introduce-an-innovative-debit-card-this-summer\/","title":{"rendered":"Samsung will introduce an \u2018innovative\u2019 debit card this summer"},"content":{"rendered":"

It wants to go where Apple, Google and others are going.<\/strong><\/p>\n

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Samsung wants to do more with payments than offer a virtual prepaid card<\/a>. The company plans to grow<\/a> Samsung Pay this summer by introducing a new “experience” that includes an “innovative” debit card supported by a cash management account. Details are only slated to arrive in the “coming weeks,” but it’ll have help from the financial startup SoFi<\/a>.<\/p>\n

It’s not a surprising move for Samsung. Apple has offered a credit card<\/a> since 2019, while Huawei is following suit<\/a>. Google is believed to be working on a debit card<\/a> of its own. If Samsung doesn’t offer some kind of payment card, it might miss out if these cards turn out to be successful.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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There’s also a pragmatic financial reality at work. Smartphone sales were already levelling off before the COVID-19 pandemic, and they’ve taken a huge hit<\/a> as a result of the crisis. A payment card could give Samsung’s mobile division a reliable source of revenue that could offset the slump in its phone business.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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See Campaign: <\/strong>https:\/\/news.samsung.com\/us\/next-evolution-samsung-pay-experience\/<\/a>
Contact Information:<\/b>
John<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

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Contact Information:<\/h3>\n

John<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

It wants to go where Apple, Google and others are going. Samsung wants to do more with payments than offer a virtual prepaid card. The company plans to grow Samsung Pay this summer by introducing a new “experience” that includes an “innovative” debit card supported by a cash management account. Details are only slated to arrive in the … Continue reading Samsung will introduce an ‘innovative’ debit card this summer<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-10654","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"\nSamsung will introduce an \u2018innovative\u2019 debit card this summer - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/05\/08\/samsung-will-introduce-an-innovative-debit-card-this-summer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung will introduce an \u2018innovative\u2019 debit card this summer - Business\" \/>\n<meta property=\"og:description\" content=\"It wants to go where Apple, Google and others are going. Samsung wants to do more with payments than offer a virtual prepaid card. The company plans to grow Samsung Pay this summer by introducing a new “experience” that includes an “innovative” debit card supported by a cash management account. Details are only slated to arrive in the … Continue reading Samsung will introduce an ‘innovative’ debit card this summer Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/05\/08\/samsung-will-introduce-an-innovative-debit-card-this-summer\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-08T19:45:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/o.aolcdn.com\/images\/dims?thumbnail=640%2C&quality=80&image_uri=https%3A%2F%2Fs.yimg.com%2Fos%2Fcreatr-images%2F2020-05%2F4f815fe0-909f-11ea-bfcd-9f3f2f691226&client=amp-blogside-v2&signature=7c0b124ef3f215426ffd33821d78974784ad4786\" \/>\n<meta name=\"author\" content=\"Aneesa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aneesa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/05\/08\/samsung-will-introduce-an-innovative-debit-card-this-summer\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/05\/08\/samsung-will-introduce-an-innovative-debit-card-this-summer\/\",\"name\":\"Samsung will introduce an \u2018innovative\u2019 debit card this summer - 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