Mastercard, Samsung and Netspend Announce Samsung Pay Cash

Many of us are turning to our smartphones to manage their most important daily tasks. Now more than ever, more financial to-dos can be handled easily by activating Samsung Pay Cash in the Samsung Pay app. 

Samsung Pay Cash² is an easy way to manage your budget and keep your money within Samsung Pay like cash in your wallet.

Like Samsung Pay, Samsung Pay Cash works anywhere Samsung Pay and Mastercard is accepted for contactless payments and magnetic stripe cards, which makes it among the most convenient forms of payment on the market. And it’s secure. Samsung Pay can only be opened by you and it’s protected by the defense-grade security of Samsung Knox and Mastercard token services, which enables you to store and use your card without exposing the 16-digit card number. It is the latest in Samsung’s mission to provide experiences that make people’s lives easier.

“We envision a future in which people can leave their cash and cards at home, take care of everyday financial matters easily, and earn rewards all along the way,” said Sang W. Ahn, Vice President and Division Head, Content & Services, Samsung Electronics America. “Shopping is fun, and Samsung Pay Cash is one way we can help empower people to be knowledgeable about where their money is going.”

Spending – and saving – made easy

Shop Where You Want: Unlike a gift card, Samsung Pay Cash can be used anywhere Samsung Pay and Mastercard are accepted – including with e-commerce retailers. And when you use Samsung Pay Cash to shop, you earn Samsung Rewards points; points can be redeemed for Samsung products, instant win prizes, and more.

Stick to your budget: Load the week’s grocery money onto the card and shop worry-free or add money each week for an easy way to manage your budget. Samsung Pay makes it easy to top up the card from a debit card, credit card, or bank transfer. Funds never expire, and there’s no fee for inactivity.

For a limited time, when you complete your registration for Samsung Pay Cash, Samsung will automatically give you a $5.00 credit in your Samsung Pay Cash account, so you can start using it right away.³

Samsung Pay Cash⁴ is created in collaboration with Mastercard and Netspend, a leading provider of prepaid cards and consumer payment solutions.”

1 Fees and limits may apply, see Cardholder Agreement for details.
2 Compatible with Samsung Pay enabled phones (S6 + later).
3 Offer valid as of 10/15/19 and available to the first 20,000 qualifying Samsung Pay Card users. To qualify and redeem this offer, you must successfully register your Card Account and we must verify your ID. Limited to one bonus per Samsung Pay Card user, credited within 24 hours of successful registration. See Cardholder Agreement for details on how to register your Card Account.
4 Samsung Pay Cash is available in the wallet on Samsung Pay on all Samsung Pay-eligible mobile phones (S6+later). The digital card account can be loaded with an in-app, tokenized debit or credit card or with an ACH transfer from an external bank account. Users can manage their funds through a digital account and make payments using Samsung Pay via NFC or MST or through in-app Person-to-Person payments.
Samsung Pay Cash is a Prepaid card issued by MetaBank®, Member FDIC, pursuant to license by Mastercard International Incorporated.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The card can be used where Samsung Pay and Debit Mastercard is accepted.