Users can access the new Cash Back panel on Samsung Pays home screen and earn about 5% cash back when paying with the wallet at retailer partners like eBay and Walmart. The new feature allows users to earn per-transaction points that are multiplied by how often they use Samsung Pay.
Mobile wallet adoption has stagnated at about 25% of eligible users, engagement remaining low, according to Business Insider. The Cash Back feature combines popular aspects of both regular credit cards and store-based wallets that come with rewards and loyalty systems, which is expected to drive users to Samsung Pay.
Samsung Pays existing rewards program was responsible for Samsung Pays 49% user increase, according to the online publication.
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