Payment system Pay LG to be launched in June

Payment system Pay LG was supposed to launch in South Korea in September last year along with the smartphone V20, however, due to certain technical issues the launch was postponed indefinitely.

In March 2017 was a rumor that LG Pay will become available to American owners of the smartphone LG G6 in June of this year. Based on LG Pay will be based on the technology of MCT (Magnetic Communication Technology) company Dynamics.

Now, however, The Investor confirmed that LG Pay will indeed launch in June, but initially the system will only be available to residents and guests of South Korea. The manufacturer confirmed that the payment system will be tied to credit cards from eight major Korean banks.

Support for LG Pay will be added to the LG G6 with regular firmware updates.



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