Long anticipated LG mobile payments solution launches in Korea

LG mobile payments

After having been first mentioned in November 2015, the electronics giant is finally getting started with consumers. The launch of the new LG mobile payments service hasn’t come as much of a surprise to many. The company first revealed its intentions to begin offering a mobile wallet back in November 2015. The initial rollout of the service finally occurred at the end of last week and is available exclusively in South Korea. The LG Pay service is available exclusively to Korean users of the LG flagship smartphone, the G6. Users…

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LG has scrapped its mobile payments launch at the MWC

LG mobile payments

The consumer electronics giant has backed out of launching its LG Pay service, this week. LG Electronics had intended to wow attendees of the Mobile World Congress, this week, by launching its new mobile payments service called LG Pay but, at the last moment, it decided not to unveil the wallet app, after all. The company claims that it decided not to use the MWC to launch its mobile wallet as it had a greater priority. Since LG also intended to use the MWC to place the spotlight on its…

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PayPal and Google predict tremendous popularity of NFC mobile payments

Mobile Payments

Both PayPal and Google executives are adamant that near-field communication (NFC) technology enabled mobile devices will lead to tremendous successes with mobile payments. According to executive chairman Eric Schmidt of Google, he anticipates that within the next twelve months, one third of all retail store and restaurant checkout terminals will have been upgraded in order to be able to receive NFC mobile payments by way of their customers’ mobile devices. He stated that “I judge that based on how long I think it takes, because the terminals are available now,…

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