LG introduces cleverly named LG Pay in Korea, but only on the G6 for now

By Lulu Chang June 2, 2017

lg pay debut 640 1

They may be useful, but payment services from mobile device makers aren’t all that creative in their nomenclature. Take, for example, the latest tool to enter the increasingly crowded payments space. It’s from LG Electronics, and it’s called — you guessed it — LG Pay. Announced on Friday, LG Pay will depend on Wireless Magnetic Communication technology, and allows customers to make payments by tapping their LG devices to NFC-enabled payment ports.

LG’s biggest domestic rival, Samsung, debuted its own payment tool in the summer of 2015, and has been making its way around the world ever since (here’s everything you need to know about Samsung Pay). LG, however, is still in its more nascent development stages. At launch, LG Pay will be available by way of four credit cards — Shinhan, KB, BC, and Lotte. But the company notes that by the end of September, all major credit cards (in Korea, that is) ought to be supported.

Related Videos

The rollout is also being limited to just one phone, for the time being. If you’re an owner of the LG G6, you can access LG Pay once you update your software to the latest version. Again, moving forward, LG plans to make the feature more widely available.

To ensure users’ security, LG will require smartphone owners to scan their fingerprints each and every time they want to make a payment, which the company hopes will establish a new standard for mobile payments.

According to a Korean press release, Kim Hong-joo, executive director of the MC Product Planning Group at LG Electronics, said “We will provide customers with safe and convenient next-generation mobile payment standards with LG Pay, which enables customers to easily and quickly settle their smartphones anywhere.”

So look out, Samsung and Apple Pay, the latest payment tool is here. It may not be giving you a run for your money yet, but you never know what the future may hold.

Editors' Recommendations

Topics

Mobile

The Galaxy Z Flip 5 may get a feature we’ve never seen before

Render of the Galaxy Z Flip 5 with two cover screens.

As we get closer to the launch of the Galaxy Z Flip 5, details have started surfacing more regularly. In February, we learned that the cover display will be much larger than the one found on the Galaxy Z Flip 4. Now, rumors seem to suggest that the new foldable will be the first of its kind sporting two discrete cover displays.

According to renders shared in a recent video by mobile insider SuperRoader, the Galaxy Z Flip 5's dual cover screens will greatly differentiate the foldable from the rest of its kind. The two screens are vastly different in size, and seem to serve two distinct functions.

Mobile

You can now try the OnePlus 11 for free for 100 days — here’s how

Someone holding the OnePlus 11.

Buying a new smartphone is always a gamble in terms of customer satisfaction — mainly because they cost so much and can be so different from the device that the buyer is currently using.

To combat this, OnePlus is giving customers the chance to try the OnePlus 11 entirely risk-free. Starting today, the company is running the "100 Days No Regret" program, which allows OnePlus 11 buyers to use the new flagship for up to 100 days and still be eligible to return it for a full refund.

Mobile

You aren’t ready for this Galaxy S23 vs. iPhone 14 Pro camera test

Deep purple iPhone 14 Pro and Cream Galaxy S23 crossed over

Samsung’s Galaxy S23 is here, and it's quickly become one of the best phones you can buy in 2023. For $800, you’re getting a small but mighty phone with Snapdragon 8 Gen 2 for Galaxy chipset, long-lasting battery life, and a powerful triple lens camera system with a 50-megapixel main shooter.

But how does one of the best Android phones stack up against Apple’s smallest flagship, the iPhone 14 Pro? It has just as many cameras as the Galaxy S23, a powerful 48MP main camera, and costs $200 more than Samsung's handset.