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LG Pay to finally launch in June

LG Pay unveil event, service launching in South Korea this June
LG Pay unveil event
Apple Pay and Samsung Pay will get a competitor made by LG after all since it is now official that LG Pay would launch this June in South Korea, although there is no information about its availability in other areas yet.

LG had some problems lately, and we even heard that its upcoming mobile payment service had been slashed. Fortunately, it looks like LG Pay is on track and South Korea will become the first market to receive it.

Back in November, we heard about LG's partnership with Kookmin Card and Shinhan Card. Sadly, not long after finding out about the LG Pay White Card in a rumor that mentioned it carrying an IC chip, the service faced problems during testing and was delayed for this year. In the meantime, LG also dropped the White Card idea for the MST technology LG Pay would use with the G6 flagship.

Now, Yonhap News reveals that LG signed an agreement with US-based Dynamics Inc. to provide the technology for LG Pay. The same source reveals that "Under the agreement, LG will apply the Wireless Magnetic Communication technology of the U.S. firm to its payment system which will officially be available here in June. The technology allows people to make payments by touching their smartphones to regular credit card devices."

LG also mentioned that seven credit card companies expressed their intention to join the service, but did not reveal their names. We will probably hear more about LG Pay in the months to come, so stay tuned.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 03 > LG Pay to finally launch in June
Codrut Nistor, 2017-03-23 (Update: 2017-03-23)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.