Samsung Money by SoFi Due to Launch in Summer With Mastercard Debit Cards

Mastercard debit cards are being used by Samsung Money by SoFi, said the financial services company Wednesday, calling it a “new mobile-first money management experience.” Samsung Money by SoFi combines a cash management account with a Mastercard debit card and offers exclusive benefits to Samsung Pay, in partnership with fintech company SoFi. The account is secure, with no account fees, and it rewards users for saving with higher interest relative to the national average of transactional accounts, Mastercard said. It's due to launch this summer.