Samsung has launched its new Pay Card which will be powered by Curve as the company revealed. The idea is to provide a convenient payment solution to users. It will also allow customers to link loyalty and bank cards into one place.
The new Samsung Pay Card is powered by Curve as the company links up with the digital banking platform. Curve is one of Europe's leading fintechs. Mastercard is also a part of the platform. The overall design is about offering customers greater flexibility and convenience whilst managing their money.
All-New Samsung Pay Card Revealed
Users of the Samsung Pay Card will be able to sync multiple loyalty and bank cards in one place. It also offers a single view of spend as well as a secure payment option. Samsung claim this will give users the full digital wallet experience through the convenience of their mobile device.
It has been a busy few weeks for Samsung with a lot of noise coming to fore surrounding the Galaxy Watch 3. Recently leaked images have confirmed a number of features and specifications that had been rumoured.
Partnership With Curve the First of its Kind
This partnership with Curve is the first of its kind in Europe putting Samsung at an advantage over competitors. Conor Pierce, Corporate Vice-President of Samsung UK & Ireland released a glowing statement about the new product.
He said, "We are delighted to announce this new partnership with Curve, coming together to provide a new payment solution for Samsung customers". Going onto point out that the company is committed to "strive to create the best technology, services and solutions."
Curve is an over-the-top banking platform. This means it consolidates multiple cards and accounts into one account or even a single app. Curve also offers considerable benefits to its customers. These include no fees when spending abroad as well as instant notifications of spend. Perhaps most exciting is instant 1% cashback at the likes of Amazon, Uber, Netflix and Sainsbury's.
The partnership with Curve should expand Samsung's payment offering beyond what it is currently. Shachar Bialick, Founder and CEO of Curve also sounded excited about the partnership. He said, "Both Samsung and Curve are doing remarkable things in their industries." Also noting that this product will "undoubtedly will raise the bar for Fintech globally".
This appears to be an exciting move from Samsung and Curve. The fact that this partnership is the first of its kind demonstrates the innovation going on here. It also likely puts both companies at an advantage going forwards. Time will tell how successful this partnership and product will be.