SAMSUNG, SOFI AND MASTERCARD TEAM UP TO OFFER A SIMPLE AND SECURE WAY TO MANAGE EVERYDAY FINANCES

At a time when people are turning to their technology to take care of essential tasks without leaving home, Samsung Electronics America, Inc., unveiled Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with innovative fintech company SoFi.

“We’re excited to partner with Samsung, a world-class technology company, to help power this next-generation financial experience, while expanding the impact of SoFi exponentially.” said Anthony Noto, CEO of SoFi.

Launching later this summer, the account is secure, with no account fees and rewards users for saving—earning higher interest relative to the national average of transactional accounts.

“Samsung Money by SoFi is our biggest move yet to help users do more with their money. Samsung Pay is already the most rewarding shopping and payments experience driven by numerous innovations over the years. Now, users can access mobile-first financial services and earn exclusive Samsung benefits. We’re excited to help our users reach their financial dreams by allowing them to spend, save and grow their money and access it easily and securely.” said Sang Ahn, Vice President and GM of Samsung Pay, North America Service Business, Samsung Electronics.