Digital payments have quickly become quite popular amongst consumers who appreciate the ability to leave their physical wallet at home, so Samsung Pay Cash has been launched to help further expand the functionality.
The digital payment method works by having users add money to the Samsung Pay app from their bank account to let them use it both online and in retail stores for purchases. This eliminates the need for a credit card to enable users who might be debt averse and who prefer to pay for their purchases with cash that's immediately available in their account.
Vice President and Division Head, Content & Services, Samsung Electronics America Sang W. Ahn spoke on the new launch saying, "We envision a future in which people can leave their cash and cards at home, take care of everyday financial matters easily, and earn rewards all along the way. Shopping is fun, and Samsung Pay Cash is one way we can help empower people to be knowledgeable about where their money is going.”