LG Pay launched in South Korea, will be available for LG G6 via a software update

True to their word, LG has officially launched its mobile payment service in South Korea. The new payment tool that goes by the name LG Pay was announced in March, this year.

With LG Pay, LG became the fourth OEM to launch its own payment tool after Apple, Samsung, and Google. FYI, Google has its own service, Android Pay that works across OEMs. That said, LG Pay, which is similar in action to its competitor’s payment service i.e. Samsung Pay and Apple Pay, allows you to make payments by just touching your smartphone to regular credit card devices.

However, the technology used in LG Pay is different from Samsung Pay. Where Samsung Pay uses Magnetic Security Transmission (MST), LG Pay is based on Wireless Magnetic Communication (WMC) technology.

Read: Galaxy S8 vs LG G6: Which one is better

But similar to the Samsung Pay, LG Pay won’t be available on all devices as of now. The first device to get LG Pay is the latest flagship of LG, LG G6, launched at this year’s MWC 2017. The service will be rolled out to the device via software updates.

Also, the payment service will initially be available only through four credit card companies – Shinhan, KB, BC and Lotte, however, by the end of September, all the major brands will be covered, as per LG. At the same time, LG has also indicated that they plan to expand the service to other LG devices as well. *Fingers crossed*

Source: The Korea Herald

2 Comments

  1. Nothing more satisfying then when pull out my phone to pay and hear ” we don’t have an Apple Pay terminal” . Then the payment goes through and their reaction is I either hacked the terminal or that is the coolest thing ever. Very nice option to have until MST dies.

  2. Nothing more satisfying then when pull out my phone to pay and hear ” we don’t have an Apple Pay terminal” . Then the payment goes through and their reaction is I either hacked the terminal or that is the coolest thing ever. Very nice option to have until MST dies.

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