And recently, the Over-The-Top banking platform has added support for Samsung Pay in the UK. It’s a well-known fact that Samsung Pay has struggled with mediocre support from the UK’s banks, including HSBC, The Coop, Nationwide, and Santander.
Curve – over-the-top banking platform!
Based out of London, Curve is a digital banking platform that consolidates all bank cards into a single, smart card and app. The company is on a mission to simplify the way people spend, send, see, and save money. This platform was founded in 2015 by Shachar Bialick, a serial entrepreneur who has built and led numerous companies across several verticals, including healthcare, finance, e-commerce, mobile telecommunications, and HR.
How do Curve works?
If you are a new user, download the Curve app and order their card. Once you get the card, upload the existing debit and credit cards and then spend with any of the debit or credit cards with one Curve Mastercard. The Curve cards work anywhere that accepts Mastercard and features contactless, chip & pin, and magstripe.
Payments made flexible!
With this move, all the Mastercards and Visa supported by Curve can now be used through Samsung Pay, offering close to 100% acceptance of card coverage, and greater flexibility when making payments.
Diego Rivas, Curve’s Head of Product, said:
It’s fantastic that Samsung customers will be able to take advantage of all the features of the Curve, and we are happy to invite customers of more banks to the Samsung platform.
Samsung users who sign up can also access various Curve’s features, including 1% instant Curve Cash, fantastic foreign exchange rates, and Go-Back-In-Time.
Samsung users are now able to pay with any card!
This move will help a lot of people to use Samsung Pay. However, there are a handful of banks that still don’t support Samsung Pay, since they prefer to offer NFC-based mobile payments through their official apps instead. It’s worth mentioning that the Master and Visa cards from banks that don’t support Samsung Pay can be used to make a transaction through this service as well.
Rivas added:
To be able to offer Curve’s unique all-your-cards-in-one benefits to customers of one of the world’s biggest brands is a fantastic opportunity to cement Curve as the ultimate way to manage all your finances.
How to launch Samsung Pay?
Users can launch Samsung Pay with a swipe from the bottom edge of their screen to bring up the last used card. Now the customer must either use Iris scan, a pin or fingerprint to prove their identity, and tap their device on a payment terminal to pay. Also, the mobile wallet allows customers to use the contactless payment for transactions over £30 (approx €35).
Expansion throughout Europe and the US!
As per the company claims, this move is another milestone or the fintech startups as it gears up to scale-up throughout Europe and into the US in 2020. On the other hand, the rollout of Samsung Pay follows Curve’s $55 million (approx €49 million) Series B round announced back in June, which valued the company at $250 million (approx €224 million).
Image credits: Altfi
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