Last October, there was speculation that LG would be introducing a mobile pay service to compete with Apple Pay, Android Pay and Samsung Pay. Today, there is talk that LG is going to introduce LG Pay at MWC in Barcelona next month. The exciting thing is that LG Pay will not require the use of a smartphone. All of the information that is usually found on a mobile payment app is contained in a smart card known as the LG "White" Card.
The LG "White" Card resembles a credit card, except that it features a small LCD display showing the user which of his credit cards is being used for a transaction. There are connector pins on the side of the card for charging it, and small arrows that help the user run through his credit cards so that he can decide which one to use for a specific transaction. The arrows also help lock the card so that others can't use it.
LG reportedly has already agreed to terms with several Korean payment providers, which means that the card will probably launch first in LG's backyard before coming to the U.S. That is the same path that Samsung followed with Samsung Pay, and dovetails with the speculation from last October.
Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.
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