Samsung
Pay in association with Curve announced the launch of Samsung Pay Card for UK
customers on August 18th, 2020.
The
tagline of Samsung Pay Card is “Introducing Samsung Pay Card, powered by Curve.
Stored in your Samsung Pay wallet, it’s a digital card that simplifies your
spending’.
Samsung
Pay Card in UK, is a digital-first card powered by London-based Curve, which
consolidates existing credit and debit cards into one — i.e Samsung Pay Card, a
new Mastercard debit card from the mobile handset giant.
The main USP of this joint launch is the consolidation of
customer’s existing credit and debit cards into one card – i.e Samsung Pay
Card.
The consolidation is available for both MasterCard Visa
Cards. AMEX and few other Loyalty Cards are already on Samsung Pay. Thus,
customers can combine majority of their credit cards and debit cards into the
Samsung Pay Card.
There are numerous benefits available for the Samsung Pay
Card users.
One major benefit will be Curve’s proprietary tool, “Go Back
in Time”.
Curve’s “Go Back in Time” Tag Line is - Paid with the
wrong Card? -
The Curve User, can simply rewind. Curve’s unique Go Back
in Time feature lets the card holder switch payments from one card to another,
up to 90 days after the payment was made!
“Go
Back in Time”, allows the Curve user to move transactions made on using your
Curve card from one payment card in your Curve app to another. It's free, and
can be done entirely in the app!
The 90 days window was recently introduced after the
Covid19 blowout, from the earlier 14 days window.
Of course, there are Terms and Conditions for the usage
of Curve’s “Go Back in Time”. The users have to be aware of a) Curve Charges b)
Card issuers charges c) Only available once for each transaction.
The “Go Back in Time”, feature will be really useful for BBPS Transactions.
01)
Bank account holders can set up Auto Pay for
the respective bills.
02)
On ‘Auto Pay’, transactions account holders
can choose to shift the transaction to another credit card or debit card,
depending on the benefits associated with the shift.
03)
Account Holders need not set-up Auto Pay to
multiple cards.
04)
Account Holders can set up for Auto Pay for
1 default card, and then move the transactions around.
05)
This way they need not worry to maintain
adequate balances in multiple bank accounts.
So, who will introduce “Go
Back in Time”, feature in India.
References:
01)
https://support.imaginecurve.com/hc/en-gb/articles/115003750829-What-is-Go-Back-in-Time-
03)
Curve extends ‘time travel’ to 3 months,
letting users make pre-coronavirus card decisions
