● Covered by 1 source · 1 reportLow impact1 neutral
Samsung launches virtual Cash Card for Wallet, partners with Rakuten for cash back deals
Key points
- Samsung launched a virtual Cash Card in Samsung Wallet.
- The card allows earning and spending cash back.
- Partnership with Rakuten provides access to deals.
- Users can send money between Samsung Wallet accounts.
Samsung Wallet Integrates New Cash Card
Samsung has launched a new virtual "Cash Card" for its Samsung Wallet platform. This card functions as a virtual account where users can accumulate cash back earned through eligible purchases. The Cash Card appears within Samsung Wallet alongside other payment methods.
Rakuten Partnership for Deals and Cash Back
The new Cash Card program is supported by a partnership with Rakuten. This collaboration allows Samsung Wallet users to access a network of deals both online and in-store via a "Nearby" feature on Galaxy phones. The Rakuten network includes over 3,500 brands and more than 25,000 in-store and dining options, with new users reportedly receiving 10% cash back initially.
Functionality and Transfers
Any cash back earned is deposited into the Samsung Cash Card, which can then be used for online or in-store purchases. The platform also enables users to send money to and from other Samsung Wallet accounts. Instant transfers between Galaxy or Android devices are also supported.
Rollout and Context
The virtual Samsung Cash Card and the new Rakuten-powered deals are currently rolling out in the US. This launch follows a previous cash back program in Samsung Wallet from 2018, indicating this new release is a revamp with updated partnerships. It is distinct from the Galaxy Card, a Visa credit card launched earlier by Samsung in partnership with Barclays.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Samsung introduced a new virtual Cash Card within Samsung Wallet, allowing users to earn and spend cash back from purchases. This initiative integrates with Rakuten's network, providing access to deals from over 3,500 brands and 25,000 in-store options.