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LG to Jump Into Mobile Payments Fray

Nov 19, 2015, 8:13 AM by Eric M. Zeman

LG has indicated it plans to offer a mobile payment service called LG Pay. The company has signed agreements with the largest credit card issuers in South Korea, Shinhan Card and KB Bookman Card. LG said LG Pay will work with all its phones, but it did not describe what technology it will use to power the system. Apple Pay and Android Pay use NFC, while Samsung Pay relies on NFC and MST for interacting with retail terminals. LG will launch LG Pay in Korea first, but the timeframe is unclear.

Reuters »

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Comments

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This forum is closed.

Jaden10

Nov 19, 2015, 11:08 AM

An other one?

Why don't they all just get together and form one uniform payment system instead of having as many as we do.

gfondeur

Fees?
Keeping most of the profits?
Who's know

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