In a blog post yesterday, Samsung announced plans to launch a Samsung Pay debit card this summer. The Verge reports: Samsung will launch the card, which will be backed by a cash management account, in partnership with personal finance company SoFi, Ahn said. Samsung is also developing a “mobile-first money management platform,” according to Ahn. His blog doesn’t detail what features that money management platform or the upcoming debit card may have, but he does say that Samsung will share more details “in the coming weeks.” Samsung joins Apple in offering a branded payment card. Google is reportedly working on its own branded payment card as well, though Google’s will apparently be a debit card, like Samsung’s. Google will also supposedly offer spending-tracking tools for the card.

Read more of this story at Slashdot.

Source: Slashdot – Samsung To Launch a Samsung Pay Debit Card This Summer