LG Pay launched, South Korea gets it first

Enrique, 02 June 2017

As expected, LG has launched its mobile payments service LG Pay to compete with similar offerings by other major players such as Samsung. However, unlike Samsung Pay (which is uses Magnetic Secure Transmission technology), LG's service is based on Wireless Magnetic Communication tech.

Users of LG Pay will be able to make payments by touching their phones to regular credit card devices. However, they'll be required to scan their fingerprints before each transaction.

The service has been launched in South Korea, where it currently supports four credit card brands, including Shinhan, KB, BC and Lotte. Other players will be added to the list by September-end.

As for supported devices, LG G6 users will get to use the service first - support will arrive in the form of software update. Support for other devices will also arrive, although exact names and respective time-frames aren't yet known.

Source | Via


Reader comments

  • AnonD-429623
  • 02 Jun 2017
  • 4RJ

I'm concerned about the security. If it uses magnetic wireless communication I wonder if it will be ass easy to swipe info like a credit or debit card.

  • poser
  • 02 Jun 2017
  • vx6

yes, girl on this post is much interesting than LG.. hahahahah

  • Anonymous
  • 02 Jun 2017
  • 4Js

This is a bit ridiculous

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