Overview
- Multiple outlets report negotiations are advanced yet unfinished, with timing uncertain after delays though a year‑end announcement is still possible.
- The co-branded card would likely be issued by Barclays’ U.S. affiliate and run on Visa’s payments network, according to the reporting.
- Documents reviewed by reporters point to companion products that include a high-yield savings account, digital prepaid accounts, and BNPL services.
- One model under consideration envisions cashback as “Samsung Cash” that could flow into a Samsung savings account or be applied to Samsung purchases.
- Samsung’s move seeks to strengthen Samsung Wallet in the U.S. and counter Apple’s ecosystem; the company has deployed similar card offerings in Korea, the UK, and India.