Samsung Pay Adds a Cash Back Feature

Samsung Pay has added a cash back option where customers can earn 5 percent cash back when paying with the wallet; this is the second new feature recently added as they also added a rewards program; both features are ways for the Samsung to get their product wider adoption, currently about 25 percent of eligible users have adopted Samsung Pay. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.