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    LG Pay

    News about LG Pay.

    LG Pay to get facial recognition technology?

    April 13th, 2017

    LG plans to add facial recognition technology to its LG Pay mobile payments platform, according to The Investor. “After negotiations and a series of tests, the software will likely be deployed in the G6 as early as June when the tech giant is expected to start its mobile payment system LG Pay,” the publication reports. LG Pay was unveiled in March 2017, and will make use of Wireless Magnetic Communication (WMC) technology supplied by Dynamics.

    Dynamics CEO shares details on how LG Pay will work with magnetic stripe card terminals

    March 24th, 2017

    The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World. More

    LG to launch mobile payments service using magnetic communication technology

    March 22nd, 2017

    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

    LG to abandon mobile payments platform plans?

    February 9th, 2017

    LG will not launch its LG Pay mobile payments platform on the upcoming LG G6 device due to time constraints and the company may be abandoning its plans to launch the service altogether, South Korean publication Newsis reports. The company delayed the introduction of LG Pay due to issues testing the service in South Korea in September 2016.

    LG to develop its own MST technology?

    October 27th, 2016

    LG Electronics is working on an alternative to Samsung’s proprietary Magnetic Secure Transmission (MST) technology for mobile payments, Android Authority reports. The technology is to be incorporated into LG’s next flagship smartphone, tentatively known as the LG G6. The electronics giant is having to invent its own technology from scratch to avoid patent disputes with Samsung, the report adds. LG was originally expected to launch its LG Pay service in September but is reported to have delayed the launch due to testing issues.

    LG Pay delays launch, cites testing issues

    September 27th, 2016

    LG has delayed the introduction of LG Pay mobile payments due to issues testing the service in South Korea, according to Android Headlines. It had been expected to launch this month. In January 2016 the company announced it had developed an electronic LG Pay White Card allowing users to register multiple credit cards for in-store payments and ATM withdrawals. LG confirmed plans to introduce its own mobile payment service in November 2015.

    LG Pay to launch in September

    May 26th, 2016

    LG is expected to launch its LG Pay mobile payment service in September, according to ETNews. “LG Pay is going to be released in September as a form of ‘all-in-one card’ that will become the world’s first mobile payment with IC (integrated circuit) chip,” the publication reports. The company announced it had developed an electronic LG Pay White Card that will let users register multiple credit cards for in-store payments and ATM withdrawals in January 2016 and confirmed its plans to launch the service in November 2015.

    LG delays launch of LG Pay

    February 15th, 2016

    LG is to postpone the launch of its LG Pay mobile payments service to the second quarter of this year, the company has told Korea Times. The delay is “to help the new LG flagship smartphone — G5 — receive more media attention,” LG said. The company’s plans to launch the service were confirmed in November 2015.

    LG Pay White Card will store multiple cards for use in-store and ATMs

    January 29th, 2016

    LG has developed an electronic ‘LG Pay White Card’ that will let users register multiple credit cards onto a single piece of plastic for in-store payments and ATM withdrawals. The device is about the same size as a normal credit card, ETNews reports, and has a small LCD display, buttons to select which virtual card to use and a connector for recharging. The handset maker confirmed in November 2015 that it is working on launching its own mobile payment service.

    LG signs up Korean issuers for mobile payments platform

    November 19th, 2015

    LG has confirmed it is planning to launch its own mobile payments service as early as next month. The company has signed up Korean card issuers Shinhan Card and KB Kookmin Card as launch partners and is expected to call the service LG Pay. LG sparked rumours of the plan when it filed trademarks for ‘LG G Pay’ and ‘G Pay’ in South Korea in October 2015.