Following a lead of Apple, Android and Samsung, LG announced it is building a mobile payments platform, in a post on a Facebook page Thursday. The association partnered with dual Korean banks with a aim to launch a service, called LG Pay, in South Korea, with no stream skeleton to move a use elsewhere, reports TechCrunch.
While LG is tight-lipped about a specifics of LG Pay, a deputy for a association told TechCrunch that it would exhibit some-more sum in a entrance weeks, not statute out a probability of a launch in other countries.
The dual companies LG is operative with — Shinhan Card, partial of a Shinhan Financial Group, and KB Kookmin Card, partial of KB Financial Group — are among a biggest credit label companies in South Korea.
It’s official! We have partnered with Shinhan Card and KB Kookmin Card to ready for a launch of LG Pay. (From left:…
With LG fasten Apple, Samsung and Google along with banks themselves, mobile payments are apropos an increasingly swarming field. Each association wants to emanate a possess use given they’re a potentially profitable source of revenue.
It’s formidable to suppose LG Pay holding off in this meridian (especially in a U.S.), though a partnerships with vital banks and a not-insubstantial home marketplace share competence assistance it work.
Now if usually someone would come adult with a some-more crafty name for mobile payments.
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Article source: http://mashable.com/2015/11/19/lg-pay-mobile-payments/