Surprise Me!

LG Is Developing Its Own Mobile Payment Service

2015-11-19 4 Dailymotion

Apple Pay, Android Pay, Samsung Pay... there'll one more to add to the list soon.<br />That's because Korean phone maker LG just quietly outed plans to develop and deploy its own mobile payment service which, to the surprise of precisely nobody, will be called LG Pay.<br />“It’s official!<br />We have partnered with Shinhan Card and KB Kookmin Card to prepare for the launch of LG Pay,” the company said in an update on its Facebook page.<br />Those partner names will mean precious little to most TechCrunch readers, unless you happen to live in South Korea or know the country well.<br />That’s because they are local banks that LG will work with to launch LG Pay in its native Korea first.<br />There’s no word on an international launch at this point.<br />An LG spokesperson declined to give more specific details about LG Pay, but did tell TechCrunch that the company “will have more details in the coming weeks.”

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