A new digital card has been launched by Samsung. Now consumers can manage all their credit-card accounts from multiple financial institutions on a single platform via Samsung Pay Card. Accessed through Samsung phones and watches, the card helps users better manage their finances and credit.
This could be the catalyst for contactless mobile payment adoption in the U.S., which has been slow compared to other parts of the world, particularly China. While the pandemic is driving contactless demand in general, new capabilities will spur additional growth. The Go Back in Time feature of this card will be attractive to users, allowing them to move transactions from one card to another even after they’ve occurred to take advantage of offers and otherwise optimize personal payment processes.