Samsung Pay To Partner With SoFi on Debit Card and Money Management

Samsung Pay revealed in a blog post today that it will partner with SoFi to launch a new debit card connected with a cash management account; the new offering is expected to arrive this summer and the mobile-first money management platform has been in development for about a year; Samsung is not going into much detail about the new card, the product does not even have a name yet; Samsung Pay is projected to have 100 million users by the end of 2020, in comparison Apple Pay is expected to have 227 million users; the Vice President and GM of Samsung Pay, Sang Ahn, said, “Now more than ever, people are counting on technology to help them make contactless payments, shop, and manage their finances without leaving the house.” Mashable