News about LG Pay.
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.
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.
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.
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.
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.
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.