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.
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.
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.
Related Coverage
- After Tesla, BMW is Planing to Make Power Storages for Homes
- ‘Samsung Biologics’ is Looking For a Place in The Field of Biotechnology
- Lyft And Honest Dollars Partnership Means New Benefits for Drivers
- Interscatter Communication Would Allow Contact Lenses To Send Data To Smart Phones
- Bitcoin Regulations Create Issues for Cyber Security Experts
Don't miss new tech stories on Google
Add TrendinTech once in the Google app and our stories appear in your news suggestions.
Helena Marsh
Helena Marsh is the Editor-in-Chief at TrendinTech, where she leads editorial strategy and oversees coverage across artificial intelligence, cybersecurity and enterprise technology. With more than a decade in technology journalism on both sides of the Atlantic, she previously served as a senior editor at Wired UK and covered the technology sector for The Guardian, following the rise of the big platforms, the Cambridge Analytica scandal and the regulatory push from Brussels and Washington. Helena holds an MA in Journalism from City, University of London and is a regular speaker at Web Summit in Lisbon and CES in Las Vegas. She believes technology reporting should be rigorous and plainly written, so readers understand what actually changes for them rather than what a company's announcement promises.
All stories by Helena Marsh (201)