LG reportedly readying mobile payment platform to compete with Samsung PayBy Robin-Leigh Chetty 19 November 2015 | Categories: news
Never one to be left behind, reports suggest that LG is working on a mobile payment platform to rival that of Samsung Pay and Apple Pay. Both Samsung and Apple debuted their services late last year, and during 2015 have been testing in out in select regions to iron out any kinks. It now seems that LG is entering the fray as well, according to Android Central.
Adding weight to those rumours, is the fact that LG has just partnered with Shinhan Card and KB Kookmin Card, two of the largest credit card companies in its native South Korea. Android Central adds that the mobile payment platform could go live as early as next month, just in time for holiday spenders.
It is believed that the yet-to-be-named service will cater for both magnetic secure transmission (MST) as well as NFC payment options. At this stage, it is unconfirmed whether LG's service will remain limited to South Korea. With Samsung Pay already live in select regions of the country, it should prove interesting to see how LG's version fairs if it goes live in December.
Most Read Articles
Have Your Say
What new tech or developments are you most anticipating this year?