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Samsung Launches New ‘Samsung Pay Card’ in UK

UTC by Tolu Ajiboye · 3 min read
Samsung Launches New ‘Samsung Pay Card’ in UK
Photo: Samsung

Powered by Curve, Samsung Pay Card is now available to customers in the UK. Users can earn 5% on purchases from Samsung’s website.

Samsung Pay Card is now available to customers in the UK. The new Samsung Pay Card is created in conjunction with MasterCard and powered by London-based fintech company Curve.

The digital card collates all of a person’s debit and credit cards from different banks, making them available through Samsung Pay. With the payment card, Samsung hopes that users will have more control over their spending.

Samsung Pay Card in UK

In July, Samsung launched Samsung Money by SoFi in the U.S., following an earlier announcement in May. Samsung Money by SoFi provides a cash management account and debit card for Samsung Pay users.

The Samsung Pay Card will give customers a better banking experience, integrating these services with their Samsung smartphones and smartwatches.

Speaking on the new Samsung Pay Card, the corporate vice-president of Samsung UK & Ireland, Conor Pierce said:

“Now, more than ever, people need a secure payment solution they can rely on. We’re excited to be able to put the control back into our customers’ hands, by launching Samsung Pay Card.”

Referring to the impact of Curve’s technology on Samsung, the CEO and Founder of Curve, Shachar Bialick also added:

“The Samsung Pay Card, powered by Curve, changes the game for customers in the UK. By bringing Curve’s unique technology to Samsung devices it empowers millions of Samsung Customers to control their money, access more choice, and enjoy a banking experience like never before.”

Features of New Pay Card

Users of Samsung Pay Card are assured of advanced security if they lose their smartphones. In such cases, customers can lock the Pay Card using any other Samsung phone without contacting the banks. The Samsung Pay Card, which is virtual and digital-first, helps to connect all MasterCard and Visa banking cards on the Pay Card. There is also a ‘Go Back in Time’ functionality that allows users to move transactions from one card to another.

Another feature of the Samsung Pay Card is that it gives customers access to mid-market rates throughout the week. Apart from these, users of the Pay Card will also enjoy rewards from spending. For example, customers can earn 5% on any purchases from Samsung’s website. Also, as an introductory reward, users get 1% instant cashback and can view recent transactions on the Curve app.

Kelly Devine, president of MasterCard UK & Ireland, expressed his excitement to build on existing relationships with Samsung and Curve, to launch the Samsung Pay Card.

Other Samsung Plans

Due to the ongoing global pandemic, most companies have switched to virtual meetings through video conferencing. As a result, the video conferencing market is predicted to reach a revenue of $50 billion by 2026. Worldwide, video conferencing has become an important platform for all kinds of businesses. In a press release by Samsung, the company revealed that video conferencing weekly app downloads surged from five million to fifty million.

Considering the increased demands of the new video landscape, Samsung has partnered with Logitech to deliver a dynamic video conferencing platform. 

Business News, FinTech News, News
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