Mastercard announced that it was teaming up with Samsung and Netspend to launch Samsung Pay Cash, which combines a prepaid debit card with tokenized security so that customers don't have to display their 16-digit account numbers on their cards, in a blogpost. 

Mastercard said Samsung Pay Cash works anywhere Samsung Pay and Mastercard are accepted using contactless or magnetic stripe payments. 

Samsung Pay Cash can be activated anywhere Samsung Pay-eligible mobile devices are available. 

Cover image courtesy of Mastercard.