LG is likely to follow Apple, Samsung, and Google to create their own mobile payment service. According to some sources, it will be called LG Pay. Today, on their Facebook page, they posted s photo of three important people in Korea: Wi Sung-ho, CEO of Shinhan Card; Juno Cho, president and CEO of LG Electronics Mobile Company; and Kim Duk-soo, CEO of KB Kookmin Card.
“It’s official! We have partnered with Shinhan Card and KB Kookmin Card to prepare for the launch of LG Pay,” the company said.
Shinhan and KB Kookmin are two local banks in Korea, with which LG mobile will work with to create LG Pay. It seems that LG Pay will be launched in Korea first. When is it going to be launched? We don’t have any information.
Are they also going to launch the LG Pay in the other countries? They did not say anything yet about that. But, an LG spokesperson told Tech Crunch that the company “will have more details in the coming weeks.”
We will give you the update.