6.5 C
New York
Wednesday, December 2, 2020

Samsung brings Pay Cash a virtual prepaid card for Galaxy smartphone owners

Must Read

Water-resistant, but … Italy fines Apple for “misleading” iPhone advertising

The Italian antitrust regulator has fined tech giant Apple EUR 10 million ($ 12 million) for improper business practices. It...

Artificial intelligence solves a 50-year biological challenge

DeepMind, the British artificial intelligence (AI) company owned by Google, has solved one of the most difficult and long-lasting...

How to prevent hypertension and cardiovascular diseases?

A team of scientists from Griffith University in Australia and Oxford University have found that reducing salt consumption is...
Kamal Saini
Kamal S. has been Journalist and Writer for Business, Hardware and Gadgets at Revyuh.com since 2018. He deals with B2b, Funding, Blockchain, Law, IT security, privacy, surveillance, digital self-defense and network policy. As part of his studies of political science, sociology and law, he researched the impact of technology on human coexistence. Email: kamal (at) revyuh (dot) com

Although Samsung has its own debit card. This is a virtual prepaid card, accepted in all commercial activities belonging to the MasterCard circuit as well as on e-commerce stores, tied to the Samsung Pay service. It’s called Pay Cash and it makes its official debut in these days in the United States for those who are in possession of a compatible smartphone of the Galaxy line.

Samsung Pay Cash for the Galaxy

The initiative is implemented in collaboration with Netspend, a company operating in the debit card sector. To promote its use, the South Korean group provides a series of benefits for payments made: points to spend on the purchase of new devices, sweepstakes with instant winnings, discounts and more. For example, when registering, Samsung credits a $ 5 voucher to the account of the first 20,000 users, which is immediately redeemable.

Obviously the support to the use of the NFC chip and to the MST (Magnetic Secure Transmission) mode to perform contact-less transactions can be guaranteed, relying on Knox technology as an information protection system. The account associated with Samsung Pay Cash can be topped up (with a minimum of $ 10) through any credit card or bank account.

As written at the beginning, the initiative is currently aimed only at the US market, but considering how Samsung Pay has been present for some time even in India we imagine it will debut in the future also in our country as well as in other territories.

Remaining on the subject, in the United States the partnership with Finablr was also introduced to allow users to send money to their contacts in 47 countries worldwide, always through the Samsung Pay account and with a service based on technology developed by Travelex.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Water-resistant, but … Italy fines Apple for “misleading” iPhone advertising

The Italian antitrust regulator has fined tech giant Apple EUR 10 million ($ 12 million) for improper business practices. It...

Artificial intelligence solves a 50-year biological challenge

DeepMind, the British artificial intelligence (AI) company owned by Google, has solved one of the most difficult and long-lasting challenges in science. It is known...

How to prevent hypertension and cardiovascular diseases?

A team of scientists from Griffith University in Australia and Oxford University have found that reducing salt consumption is the best way to prevent...

Only a small part of the anonymous internet is used for hidden activities

People often associate anonymous or invisible internet with illegal practices. However, a new study has shown that most of the activity that takes place in...

Coronavirus isn’t just a respiratory disease: this is how it gets into your brain

A new study from the Charité University Hospital in Berlin has focused its research on how covid-19 infects the brain and how the immune...
- Advertisement -

More Articles Like This

- Advertisement -