[THE INVESTOR] LG Electronics said on May 24 that it plans to officially launch its own mobile payment service, dubbed LG Pay, in Korea next month.
During the World IT Show 2017 exhibition currently under way in Seoul, the Korean tech giant showcased the new service that features the Wireless Magnetic Communication technology.
LG G6 |
LG said the service will be launched next month in South Korea and will be connected to the country’s eight major credit card companies.
Users of the G6 smartphones will be allowed to use LG Pay simply by updating their software.
By Alex Lee and newswires (alexlee@heraldcorp.com)