LG Electronics Inc. develops a new service called LG Pay.
LG teams up with South Korea’s largets credit card companies: Shinhan Card Co. Ltd. and KB Kookmin Card Co. Ltd. to create the new technology. “It’s official! We have partnered with Shinhan Card and KB Kookmin Card to prepare for the launch of LG Pay,” according to its facebook page.
Before LG Pay, existing mobile companies such as Apple and Samsung Electronics have already released their own mobile payment services – Apple Pay and Samsung Pay.
This new payment system will be available in all LG smartphones, different with Samsung Pay which can only be used in the recent Samsung smartphone models.
Specific details of LG Pay and its released is yet to be announced by the company.
Reference: http://www.reuters.com/article/2015/11/19/us-lg-elec-mobilepayment-idUSKCN0T80NY20151119#OaImmIoQi9IpODgu.99