Google Pixel 9 with 20% discount!

LG reportedly postpones the launch of its LG Pay system to 2017

By
2comments
Google News Follow
Follow us on Google News
T-Mobile AT&T Verizon Sprint LG Android
LG reportedly postpones the launch of its LG Pay system to 2017

Korean media NewsOne reports that LG has postponed the launch of its LG Pay mobile payments service for 2017, due to problems encountered during testing. Reportedly, the company wanted to introduce LG Pay together with its second major smartphone launch this year, the LG V20, which will go on sale in South Korea on September 29. But LG cancelled its plans, despite having completed development of the payment technology.

LG wants to pair LG Pay with an universal payment "White Card", a physical card with credit and debit card information contained on it. It connects to smartphones via NFC and supports IC and mag-stripe payments. However, the White Card hasn't been commercialized in Korea before, and LG encountered errors during testing the payment system. Moreover, it hasn't filled for regulatory approval of the service yet.

LG Pay was announced in March last year and was scheduled to roll out this year. Since then, LG has been keeping its lips tight about it. Hopefully, the company will manage to deliver a competitor to Samsung Pay and Apple Pay in 2017.

source: NewsOne (Translated)
Create a free account and join our vibrant community
Register to enjoy the full PhoneArena experience. Here’s what you get with your PhoneArena account:
  • Access members-only articles
  • Join community discussions
  • Share your own device reviews
  • Build your personal phone library
Register For Free
https://s-cdn.phonearena.com/images/nothumb_user_300x300.png
Luis D. Former Tech News and Features Writer
Luis D. has a multitude of news, features and review articles written for PhoneArena. He adeptly demystifies complex technology topics, such as the development of advanced materials for bendable device displays and the evolution of chipset manufacturing.

Recommended Stories

Loading Comments...

Popular stories

Samsung employees make major blunder and get fired after leaking image of upcoming phone
Samsung employees make major blunder and get fired after leaking image of upcoming phone
Dropping to a record low price, the Galaxy Watch Ultra just became everyone's favorite smartwatch
Dropping to a record low price, the Galaxy Watch Ultra just became everyone's favorite smartwatch
Leaked Galaxy S25 Plus photos surface, proving what we’ve all been thinking
Leaked Galaxy S25 Plus photos surface, proving what we’ve all been thinking
T-Mobile and Starlink's satellite-powered messaging is only for select smartphones
T-Mobile and Starlink's satellite-powered messaging is only for select smartphones
No Motorola phones in the US: way worse than no TikTok in the US?
No Motorola phones in the US: way worse than no TikTok in the US?
Are Motorola phones about to be banned in the USA?
Are Motorola phones about to be banned in the USA?

Latest News

The high-class Motorola Edge+ (2023) is heavily discounted at Amazon once more
The high-class Motorola Edge+ (2023) is heavily discounted at Amazon once more
T-Mobile sucks out color and life from what it now calls the Legacy app
T-Mobile sucks out color and life from what it now calls the Legacy app
Apple reportedly has iOS 18.2.1 on the way, possibly coming to patch serious vulnerabilities
Apple reportedly has iOS 18.2.1 on the way, possibly coming to patch serious vulnerabilities
Apple reveals the U.S. wireless firms that support RCS on the iPhone 's Messages app
Apple reveals the U.S. wireless firms that support RCS on the iPhone 's Messages app
Nearly 500K power banks sold by Amazon are dangerous and have been recalled
Nearly 500K power banks sold by Amazon are dangerous and have been recalled
Celebrate Christmas in style with the JBL Charge 5 and save 23% at Amazon
Celebrate Christmas in style with the JBL Charge 5 and save 23% at Amazon
FCC OKs Cingular\'s purchase of AT&T Wireless