proclaimed nowadays that it will shortly be launching its individual mobile payment system, named LG Pay. While LG Pay will contend with Apple, Android and Samsung's payment systems, replica is presently intended to be obtainable just in South Korea.
This information verifies a rumor that sprung up in October that LG was receiving into the mobile payments diversion. The statement was made via an official post, showing off the business with electronics manufacturer's CEO Juno Cho standing with the of the banking firms concerned in the plan.
The two partners, Shinhan Financial Group and KB Financial Group, are based in South Korea. Whereas this might cement LG Pay as a Korean-special service. Mobile payment platforms such as Apple Pay, Android Pay, and the comparatively current Samsung Pay have emerged over the past couple of years to present a substitute to around cash and cards. Banking services have also place out mobile payment apps to contend, significantly increasing alternatives for the shopper on the go.