Following months of delays, LG has launched its mobile payment platform — LG Pay — in South Korea. It’s currently only available on the firm’s flagship smartphone, the G6, but will make its way to its other devices in the near future.
First showcased at the World IT Show last month, LG Pay uses Wireless Magnetic Communication (WMC) technology to produce a magnetic signal, which can be received by both traditional and NFC-enabled card readers.
But what does that mean for you, the consumer? Well, like Samsung Pay, you’ll be able to use the service to pay for goods in a brick-and-mortar store even if it doesn’t have contactless payment terminal.
International expansions take a while
Unfortunately, LG didn’t say when the service will make its way to other markets around the world. Don’t expect it to be next month, though, as international expansions tend to take a while.