LG will launch its LG Pay mobile payments service in Korea in June this year using a mobile payment technology that works by “generating a magnetic signal from a mobile device such as a smartphone, and paying it to a general credit card terminal”. More
Interactive payment card developer Dynamics has signed a deal with MasterCard that will see the payments network offering the startup’s technology to its issuers around the world. MasterCard has also participated in Dynamics’ US$70m Series C funding round along with Canada’s CIBC and existing investors. More
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