Monday, Oct 03, 2022

LG Electronics to develop own mobile payment system

LG Pay will be the mobile payment competitor to Apple Pay and Samsung Pay

LG, LG Pay, LG Pay mobile payment solution, LG Pay service, Apple Pay, Google Pay, Samsung Pay, mobile payments, NFC based payments, tech news, technology LG Pay will be the mobile payment solution from LG Electronics to take on the likes of Apple Pay and Samsung Pay (Source: Reuters)

LG Electronics Inc said on Thursday it signed an agreement to develop its own mobile payment service called LG Pay.

LG, which signed the agreement with South Korea’s largest and second-largest credit card firms Shinhan Card Co Ltd and KB Kookmin Card Co Ltd, did not give a timetable or description of its planned technology.


The mobile payment market is getting crowded as smartphone makers like Apple and Samsung Electronics Co Ltd have launched their own mobile payment services.

Subscriber Only Stories
Re-Defining The Tradition In Folk Art: An Art Educator’s PerspectivePremium
Symbiosis School of Sports Sciences (SSSS) launches undergraduate program...Premium
MIT World Peace University launches Five-Year Integrated B.Tech with MBA ...Premium
Bring Home The Ultimate Solution For The Whole Family With Airtel Xstream...Premium

LG Electronics’ mobile payment system will be able to be used in all LG smartphones, unlike Samsung Pay which is available only in the recent Samsung smartphone models, South Korean wire service Yonhap reported on Thursday, without citing a specific source.

An LG spokesman declined to comment on the report.

First published on: 19-11-2015 at 08:11:48 pm
Next Story

Islamic State claims attack on Italian priest in Bangladesh

Latest Comment
Post Comment
Read Comments