Cash back rewards coming to Samsung Pay
Samsung is making Samsung Pay an even more complete mobile wallet platform with the introduction of a cash back feature that the company announced in a recent blog post.
The feature, called Cash Back in the Samsung Pay app, will enable users to receive a percentage back on their purchase from select retailers, which they can then spend toward a purchase anywhere they use Samsung Pay.
"Our mobile wallet strategy is all about offering more choices for consumers and more opportunities for merchants," Nana Murugesan, vice president and general manager of services and new business for Samsung Electronics America, wrote in the blog post. "Cash Back creates a new channel for merchants to reach and reward consumers who are looking for great deals."
Murugesan implied in the post that Samsung will introduce the new feature later this month.
Samsung also will give Samsung Pay users the ability to purchase Samsung Rewards points, similar to the way airline consumers can purchase extra miles.