Like Google, Samsung is also developing a service similar to the Apple Card.
Like Apple, Samsung will extend its payment services by offering a debit card. As a reminder, the Korean giant already offers an equivalent of Apple Pay on its smartphones. It allows you to make payments in the signs physical by using the NFC technology, or MST. And this year, Samsung will also offer a competitor to the Apple Card in the United States.
This was announced in a press release by Sang Ahn, head of Samsung Pay in North America. ” More than ever, financial services and mobile tools for money management will play an even more important role in our daily life, while opening up new possibilities. As a first step in this larger vision, Samsung, in partnership with SoFi (editor’s note, a company specializing in the fintech), will introduce this summer a new experience Samsung Pay with a debit card innovative, supported by an account of cash management. We are delighted to share more details in the coming weeks “, says the responsible.
For the moment, we do not know exactly how this card will work. But it is position certainly as a competitor of the Apple Card, which is offered by Apple in partnership with the bank Goldman Sachs (the bank has already raised the possibility of offering the same service in other countries).
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Huawei and Google may also launch
In reality, this type of service could well become a new trend among manufacturers of smartphones. A few weeks ago, Huawei have unveiled a new card called the Huawei Card in China, in partnership with the bank Union Pay.
And for its part, Google would also organize a similar service. In the month of April, the site TechCrunch has published images allegedly of this card and the interface that allows you to control it on a smartphone.
— TechCrunch (@TechCrunch) April 17, 2020
By the way, Google does not deny any of the information, according to which it develops a competitor to the Apple Card. When the firm of Mountain View has been questioned by TechCrunch, here’s what she answered : ” We investigate how we can establish partnerships with banks and credit unions in the United States to offer chequing accounts smart via Google Pay, in helping their clients with useful information and budgeting tools, while keeping their money in an account insured by the FDIC or the NCUA. Today, our main partners are Citi and Stanford Federal Credit Union, and we look forward to sharing more details in the months to come. “
But for the moment, the maps of Google and Samsung would therefore be provided that for the United States.
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