Samsung Pay receives a prepaid virtual card to help you budget

The virtual card can be filled up with a credit card and regular debit card or through an ACH transfer from an external bank account. You can use it to pay anywhere that accepts Samsung Pay or Mastercard – even e-commerce retailers, so you have a limit on what you can use even if you're home and shopping online. To promote the new feature, Samsung will give the first 20,000 Pay Cash users a $ 5 credit if they register and verify their identity.

Sang W. Ahn, Samsung Electronics America's VP of Content & Services, said:

"We envision a future where people can leave cash and cards at home, take care of everyday financial matters easily and earn rewards all the way. Shopping is fun, and Samsung Pay Cash is a way we can help people know where their money is going. "

Aside from the new virtual card, Samsung also introduced international money transfers for Pay users in the United States. It gives you a way to send money to 47 countries, with the option to deposit directly into bank accounts or choose a place where the recipient can withdraw their money in cash.

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