SEOUL, South Korea—In the battle for digital wallet supremacy, Samsung is giving customers a new incentive to use Samsung Pay.
The company has released Samsung Rewards, a program that provides points whenever users use their Samsung Pay for a transaction.
The points gathered through the program can then be exchanged for rewards including gift cards, Samsung products, and more from various U.S. retailers, Tech Crunch reported.
The new program tiers reward levels based on thresholds of transactions, giving users "Silver" status for five payments in a month, which earns double the points. Twenty transactions results in a "Gold" status, which delivers triple points, and 30 monthly Samsung Pay uses puts a user in the "Platinum" rewards group, where each purchase is worth four times the usual amount in points earned.
The rewards program also comes with a built-in chance to win instant prizes, which are updated monthly.