LG has indicated it plans to offer a mobile payment service called LG Pay. The company has signed agreements with the largest credit card issuers in South Korea, Shinhan Card and KB Bookman Card. LG said LG Pay will work with all its phones, but it did not describe what technology it will use to power the system. Apple Pay and Android Pay use NFC, while Samsung Pay relies on NFC and MST for interacting with retail terminals. LG will launch LG Pay in Korea first, but the timeframe is unclear.


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