Samsung has launched a new payment service in the United Kingdom on its mobile devices. But while Samsung Pay Card sounds like a rival to Apple Card, its execution is considerably different.
Launched on Tuesday, Samsung Pay Card is a collaboration between Samsung, fintech firm Curve, and Mastercard. Offered to users of the Samsung Pay app on its Galaxy S, Note, and A-series smartphones, as well as smartwatches, the service is less about offering credit and more about helping users manage where payments end up.A digital-first card, the Samsung Pay Card is designed as a one-stop-shop for card payments, with users expected to connect their existing debit and credit cards to the service, using Curve’s technology. Payments processed via Samsung Pay Card on a smartphone are then passed on to a relevant connected card.