Mobile payment ecosystem has begun to be used commonplace in today's consumer. Once the presence of Apple and Samsung Pay Pay, LG as one of the electronics giant did not want to lose to offer similar services to consumers.
Android Authority, on Wednesday (10/14/2015) launch, this news comes from internal LG who declined to be identified. The source said, LG is preparing to launch his own mobile payment system under the name 'LG G Pay'.
Disclosure of information as patents and trademarks confirmed the news. South Korean companies have quietly been securing a trademark for mobile applications paymentnya.
This trademark has been registered in South Korea and the United States. This is also an indication that the two countries would be the first to try it when it's released later.
Another source of the financial industry even mention, Director of LG Electronics Kim Jong Hoon LG confirmed plans to enter the payment business as competitors
"Registering trademarks outside their own country indicates they will start business in detail. They already share and gather input on the various mobile payment technologies and a number of card companies," the source said.
Some observers have commented, if LG released a mobile payment service, this move not only helped him to compete with its biggest rival in the smartphone market, but it also enables LG to take part in the mobile payment market is growing.
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