Samsung, in collaboration with fintech firm Curve, launched the SamsungPay Card today in the UK. This Card is powered by MasterCard, giving it global acceptance. The purpose of this service is to make bank-related transactions easy and hassle-free.
According to a press release by Samsung’s UK office, the Card was launched on August 18, 2020, and can be actively used from the same date. It will give users complete control over their spending, without the fuss of constantly changing bank accounts.
“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,” said Conor Pierce, Corporate Vice-President of Samsung UK & Ireland.
Shachar Bialick, CEO and Founder of Curve said, “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 take control of their money, access more choice, and enjoy a banking experience like never before, across all their accounts, without the need to switch banks or limit themselves to only one bank, all from the palm of their hand.”
Kelly Devine, President, MasterCard UK & Ireland said, “We are thrilled to build on our existing relationships with Samsung and Curve to partner to bring this innovative digital-first solution to market, offering consumers convenience, flexibility and choice over how to pay, all underpinned by the trusted safety and security they expect from MasterCard.”
Features of the SamsungPay Card
SamsungPay Card is one Card to rule them all – it can collate all debit and credit Cards in one place. It can enable consumers to use their Samsung smartphones and smartwatches to make payments and reap financial rewards in return.
Customers can claim instant 1% cashback on top of their existing rewards from a choice of a wide range of brands. As a bonus, and exclusive to the Samsung Pay Card, customers can also earn 5% on all purchases at Samsung.com.
The Card will allow all customers access to the mid-market rate throughout the week, cheaper than the currency conversion fees offered by most banks.
The Curve app will allow users to see their transaction history across different Cards, and the ‘Go Back in Time’ feature enables consumers to move their transactions from one Card to another after they’ve been made.
This service is secure, and the loss or theft of a Samsung device with an active SamsungPay service can be instantly locked remotely using another method from the Samsung ecosystem, without having to contact banks directly.
