LG today announced LG Pay, its own mobile payment service The Korean giant has partnered with Shinhan Card and KB Kookmin Card to prepare for the launch of LG Pay in South Korea soon. LG did not announce when it will roll out the mobile payment service in Korea or other markets. The company said that it will run trails of the new payment system with the credit card companies before launching it.
LG Electronics is without regard to payment of the merchant terminal anywhere easily available so that versatility and convenience, the strategies that target the mobile payments market with LG pages with all the security.
Shinhan Card wiseongho president, said, “bring together the technologies of mobile payment and settlement capabilities of Shinhan Card and LG Electronics will strive to lead the industry in a more creative manner Tech pin as the LG pages”.
KB Kookmin Card gimdeoksu president said, “with the existing mobile payment services via the LG pay services is expected to be able to offer differentiated generic and customer-oriented concept of the new payment experience.”