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Samsung, Mastercard and SoFi introduced digital debit cards

Samsung Money by SoFi is currently available to Samsung Pay users in the US

Samsung Money by SoFi

Samsung, Mastercard and SoFi introduced digital debit cards. Source: news.samsung.com

Samsung Electronics America has revealed that US consumers can sign-up for and access Samsung Money by SoFi.

The report states that Samsung Money by SoFi brings a cash management account, accompanying Debit Mastercard and exclusive benefits to Samsung Pay.

Besides, active Samsung Money by SoFi users will soon receive discounts on Samsung Galaxy smartphones, tablets, wearables, TVs, laptops, etc.

As to the major advantages, as soon as users fund their Samsung Money by SoFi account, their digital debit card will be provisioned in the Samsung Pay wallet. The physical card will arrive shortly by mail.

Samsung Money by SoFi rewards users for saving, earning up to 6x higher interest rate relative to the national average of transactional accounts.

Samsung Money by SoFi

Along with that, cardholders can use the Samsung Pay app to check their balance, flag suspicious activity, pause or restart spending, freeze or unfreeze the card.

Samsung Money by SoFi comes with the defense-grade security of Samsung Knox, which protects users’ data. What is more, FDIC insures every Samsung Money by SoFi account for up to $1.5 million.

At the same time, the physical debit card doesn’t display the card number, expiration date, or CVC.

We’ve reported that Italy-based Banca Mediolanum has introduced its own sustainable challenger bank Flowe. The new initiative aims to create tools that facilitate a sustainable financial lifestyle for its customers.

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