LG Pay Mobile Payments Service Will Hit United States By June

Alphabet streamlines its mobile wallet app for improved offering

Alphabet streamlines its mobile wallet app for improved offering

The U.S. will be only the second country with LG Pay. The site claimed that LG was considering to launch its mobile payments service in the country as LG Wallet.

Citing the company itself, the publication says the company plans to launch the platform in the second half of the 2018. You can leave your cards at home and just use your smartphone to pay for things, provided the establishment has one of those credit card devices. It uses NFC technology and a form of magnetic component to communicate with compatible terminals. LG Pay was fist launched in South Korea in June of a year ago. LG isn't exactly a major brand name in smartphones in the USA, and so that may ultimately limit its ability to compete. Google's Tez is different from Paytm in that you can't store money in the app. However, LG has now confirmed that the LG Pay service will be heading to the U.S.by June this year.

According to a report published today, LG Pay is finally going to expand out of South Korea. Apart from using NFC, LG Pay also uses Wireless Magnetic Communication (WMC) technology that lets you use it at payment terminals that have not been updated for modern times.

LG appears to be trying to catch up with Samsung Pay, which is already available in 18 countries, including the U.S., China, Australia, Britain, Spain and Switzerland. LG is expected to rebrand the long-standing "G" line, but until we learn what the new naming convention will be, the G7 will remain the title for LG's next flagship. Samsung is LG's biggest competition in South Korea, even more so than Apple or Google.

A recently published article from Korea's Yonhap News, first spotted by Engadget, reports LG will launch its mobile payments platform, LG Pay, in the us later this year.

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