The London-based "over the top platform" will help Samsung smartphone owners to use their own bank accounts when paying by mobile phone.
In Brief:
- The new feature is made possible by Curve’s ability to consolidate multiple bank cards into a single Curve card
- The announcement comes on the heels of Curve’s $55 million Series B funding round in June which valued the company at $250 million.
- TechCrunch reports that Curve also may be adding support for Google Pay in the coming weeks.
What does this mean?
The partnership with Curve will potentially help Samsung solve a problem it currently faces in the UK - currently many of the major banks refuse to support Samsung pay and instead prefer to build NFC-enabled payments into their own banking apps.
