LG Pay now available in the US

Earlier this week, LG Pay has gone live in the US. While this mobile payments service will be supported on the LG G8 ThinQ at launch, it can also be downloaded on select LG handsets via Google Play. The list of such devices includes the following: LG V50 ThinQ, V40 ThinQ, V35 ThinQ, and G7 ThinQ.

LG Pay enables payments via NFC and wireless magnetic communication (WMC), so it can be accepted by all locations that can handle Mastercard and Visa. The list of financial institutions supported at launch includes Chase, PNC Bank, Regions Bank, State Employees' Credit Union (North Carolina), U.S. Bank and Virginia Credit Union. Obviously, more will be added later this year.

LG Pay users can also store retailer loyalty cards into the app. LG's partnership with Swych allows LG Pay users to buy and send gift cards from multiple retailers and restaurants. 

In addition to the above, LG Pay also comes with PayQuick — a feature that enables the users of this service to simply swipe up from the bottom of the phone display for quick and secure payments. To make it all even more convenient, LG PayQuick is also available via voice commands.

Gaining a significant share of the US mobile payments market is a very tough challenge and only time will tell if LG Pay is up for it. Would you drop your current mobile payments solution for LG Pay or at least give it a try? Is there any feature that all these services are missing yet? Feel free to share your thoughts with us in the comments section.