Samsung is allegedly considering the launch of its own credit card in the U.S., possibly collaborating with Barclays to compete with Apple’s financial services. The anticipated “Samsung Card” could provide benefits such as cashback on Samsung products and appliances, digital prepaid accounts, and high-yield savings options. Discussions with Barclays are reported to be at an advanced stage, with Visa likely to support the card, although no formal agreements have been reached yet. An announcement could be anticipated by the close of 2025.
Samsung has been improving its digital payment offerings, particularly through Samsung Wallet, which now features options like Buy Now, Pay Later (BNPL) and cryptocurrency management through Coinbase integration. These advancements reflect Samsung’s dedication to broadening its presence in the financial services arena, utilizing its existing technology ecosystem to deliver comprehensive payment solutions.
