Tuesday, November 5, 2024
21.5 C
New York

LG is Entering To The Mobile Payment Market With LG Pay

Korean technology giant LG is entering to the mobile payment market.The payment system is called the LG Pay will spice up a little more the competition in the market.

LG-Pay

Juno Cho, President and CEO of LG Electronics, CEO of Shinkan Card and CEO of KB Kookmin Card have signed the agreement.LG Pay will be available first in the local market.LG Pay is working with local partners and the global initiative remains unknown for the moment. LG has also rightly wants to get a share of this huge potential and is preparing to participate in the competition with both local and global customers.

As  you know, it was shown that Apple and Amex could initiate from person to person money transfer application with opening up to new markets, although not up to expectations in the first year,

As a note, Android Pay entered the market in September and Google Wallet iOS app was updated to make money transfer.The Samsung Pay had recorded $ 30 million in the first month of operation.

Hot this week

Brooklyn Defendants Charged in Rideshare Hacking Scheme: Jailbroken Phones Used to Exploit Uber

Brooklyn federal court has charged two defendants, Eliahou Paldiel...

Detecting Defects in Next-Generation Computer Chips: The Future of TMD-Based Semiconductors

As technology advances, the demand for smaller, more powerful...

Merging Galaxies in the Early Universe: The Birth of a Monster Galaxy

Astronomers have recently observed a fascinating event in the...

Topics

Brooklyn Defendants Charged in Rideshare Hacking Scheme: Jailbroken Phones Used to Exploit Uber

Brooklyn federal court has charged two defendants, Eliahou Paldiel...

Detecting Defects in Next-Generation Computer Chips: The Future of TMD-Based Semiconductors

As technology advances, the demand for smaller, more powerful...

Merging Galaxies in the Early Universe: The Birth of a Monster Galaxy

Astronomers have recently observed a fascinating event in the...

NASA’s Roman Space Telescope to Uncover Galactic Fossils and Dark Matter Mysteries

NASA’s Roman Space Telescope is set to transform our...

Black Myth: Wukong – A Game that Gamers Love Despite Media Backlash

In a gaming industry increasingly influenced by social agendas,...

Gravitational Waves Reveal a ‘Supercool’ Secret About the Big Bang

In 2023, physicists made a groundbreaking discovery that could...

Related Articles

Popular Categories

Send this to a friend