LG is Creating Their Own Mobile Payment System

/ 3 years ago

LG G4 Launch

The LG G3, G4 and Flex 2 are some of the best handsets on the market and cost significantly less than devices from HTC, Apple and Samsung. Only recently, LG’s flagship, the G4 was on offer for around the £300 mark and features an optional leather back and a stunning specification. Although, LG’s skinned version of Android is prone to some slowdown. Despite this excellent array of handsets, LG is struggling financially in the mobile sector and recorded a loss of $68 million. As a result, LG has decided to re-double their efforts in this area and launched their own mobile payment system.

It’s official! We have partnered with Shinhan Card and KB Kookmin Card to prepare for the launch of LG Pay. (From left:…

Posted by LG Mobile on Wednesday, November 18, 2015

LG Pay, in theory, offers a similar service to Apple, and Google’s mobile payment technology. Sadly, there’s no information at this time regarding which devices are supported, and if the payment system will be implemented worldwide. Clearly, Apple’s payment system has encouraged other manufacturers to enter this market. I’m not convinced this is going to dramatically alter LG’s fortunes in the mobile market, though. It’s an incredibly difficult sector to be successful in given the brand loyalty of Apple, and Samsung as well as the huge array of cheap Android handsets available.

Despite this, if you’re looking for a new handset which doesn’t break the bank, the LG G4 is an exceptional choice.

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