LG to develop own mobile payment app with Dynamics

Home > Business > Industry

print dictionary print

LG to develop own mobile payment app with Dynamics

LG Electronics said Wednesday that it has secured an agreement with U.S.-based payment company Dynamics to release its own mobile payment system called LG Pay.

Under the agreement, LG will apply Dynamics’ wireless magnetic communication technology to its payment system which will be available in June. The technology allows people to make payments by touching their smartphones to credit card devices.

While the company has not yet officially launched the service here, LG’s flagship G6 smartphone, released earlier this month, already comes with the necessary hardware. The company plans to provide the service later this year to other handsets through software updates. YONHAP


More in Industry

Futures at stake, marketers see opportunity in CSAT

Aekyung Group makes executive appointments

Lotte Mart slammed for illegally kicking out trainee guide dog

It's tough at the top, and many would prefer not to try

[NEWS IN FOCUS] It's spinoff time for LG Chem and battery unit

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now