Samsung launches Curve-powered payments service
Samsung has launched its Samsung Pay Card with the help of London-based fintech Curve.
Samsung announced the new service earlier this year. The Samsung Pay Card is linked to a Samsung Galaxy smartphone or smartwatch. Users can order a physical version of the card for a £4.99 fee.
The service allows Samsung hardware users to make purchases using those devices. It will utilise Curve’s multi-bank platform to enable users to select accounts to pay with.
The Samsung Pay Card will also feature Curve’s “back in time” feature. Through it, transactions can be moved from one account to another after they have been made.
Samsung’s proprietary Knox security software protects the system. Users can lock the platform instantly from another Samsung device without having to contact their banks.
“Now, more than ever, people need a secure payment solution they can rely on,” says Samsung UK & Ireland corporate vice present Conor Pierce.
“Through our partnership with Curve, the Samsung Pay Card brings a series of pioneering features that will change the way that our customers manage their spending.”
Shachar Bialick, CEO and founder of Curve, says solution “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.”
The Samsung Pay Card is not to be confused with Samsung Money, announced in May this year.
Samsung Money is a new digital banking offering from the tech firm powered by SoFi. It includes a cash management account and accompanying Mastercard debit card.
The account, available through the Samsung Pay app, is insured by the Federal Deposit Insurance Corporation for up to $1.5 million.