US-based Global Payments Inc. said it has integrated the technology behind its Netspend general-purpose reloadable Mastercard into Samsung’s digital wallet, Samsung Pay, and will drive its Samsung Pay Cash service.
Samsung smartphone users with Samsung Pay-eligible devices will be able to access an auto-provisioned prepaid card called Samsung Pay Cash. This Netspend mobile-integrated digital Mastercard will allow smartphone users to establish a digital prepaid card within their mobile wallet to hold funds for a variety of use cases, including spending and budgeting, the company said.
“By expanding our digital card and mobile wallet technology through this new partnership with Samsung, we are building on our core competency while investing in the future of digital and mobile payments to support customers where they work, live, play and shop,” said Netspend President Kelley C. Knutson.
“It’s fundamental that we create enhanced financial service experiences that expand beyond today’s industry capabilities to bring people more convenience, security and control when it comes to spending their money in their own way.”