LG announces plans to launch its mobile payments service in the US

LG to launch mobile payment system in US by June — Yonhap — “LG Electronics Inc said Tuesday it will launch its mobile payment system in the United States during the first half of this year in time with the release of its upcoming mobile phone… Based on the Wireless Magnetic Communication technology, LG Pay allows users to make payments by touching their smartphones to regular credit card devices… LG said it is considering launching its mobile payment system as LG Wallet in the US.”


Samsung and LG to launch low-end smartphones that support their mobile payment services

Samsung Electronics and LG Electronics to introduce their new low-end smartphones at CES 2018 — ETNews — “Samsung Electronics and LG Electronics are going to introduce their new low-end smartphones at CES 2018… Galaxy A8 series are installed with Samsung Pay and fingerprint recognition…. K series are installed with a mobile payment system called LG Pay that is applied to premium smartphones such as G and V series. This is the first time when LG Electronics’ low-end lineup is applied with LG Pay.”


LG Pay to be used for low-budget smartphones next year

LG Pay to be used for low-budget smartphones next year — Korea Herald — “‘We will expand the use of LG Pay into low-budget smartphones alongside premium phones next year,’ Cho Jun-ho, president of LG’s mobile communication division said during a meeting with local bloggers on Friday… Cho said the use of LG Pay will expand into online stores and the global market, although he did not elaborate the specific date.”


LG’s mobile chief confident of payment tool

LG’s mobile chief confident of payment tool — Yonhap News — “The head of LG Electronics Inc’s mobile business said Wednesday the company plans to release its mobile payment platform LG Pay overseas in the future, expressing strong confidence over the service… LG Electronics said 38.4% of the tool’s users were in their 30s as of end June, while the number of those in their 50s and 60s was quickly increasing.”













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