Mobile payments aren’t entirely new, but there is certainly a new focus on the option these days. Google got into the business with Android Pay, and even Samsung managed to put its hat into the ring, too. And now, after some reports out of the rumor mill, LG is moving forward with its own plans.
Yesterday a rumor cropped up that suggested LG was teaming up with a few credit card companies in Korea to launch the service, and sure enough it looks like that is indeed the case. By way of its official Facebook age, the Life’s Good company has announced that LG Pay is real, and that it will be coming at some point in the future. As far as partnerships go, LG will be teaming up with Shinhan Card and KB Kookmin Card out of the gate.
However, LG didn’t say anything about a finalized launch date, so for anyone keeping an eye on LG’s mobile payments service, there’s no date to circle on the calendar just yet.
What do you think of the idea?