Apple Pay, Android Pay, Samsung Pay — you thought we are done with mobile-based payment services? Guess not. Expect G Pay from Korean tech giant LG Electronics soon.
Sources in South Korea suggest that LG is working on a new payment system that will challenge Samsung Pay with support for non NFC-based payments. The LG service will also help in placing more competition in a mobile payment market that is already getting saturated.
Although details are still sketchy, it is believed that LG’s G Pay will break cover in the South Korea and the United States in the coming months. The service will also expectedly make use of fingerprint authentication in enabled smartphones.