So Now This Is A Thing | LG Pay

[Snapy1]

 

LG is reportedly looking to enter the mobile payments market with a service dubbed “G Pay.” The payment service would presumably work across the company’s portfolio of Android-powered smartphones and Android Wear smartwatches, competing with existing services such as Samsung Pay and Android Pay.

According to ETNews, LG recently applied for a G Pay trademark in Japan, Korea and the United States. The company apparently gained interest in the space after Samsung launched Samsung Pay, though LG’s service won’t be able to offer the same kind of mobile transactions. Samsung Pay takes advantage of NFC in addition to magnetic stripe terminals, the latter of which is a unique service originally developed by LoopPay, which Samsung acquired last year.

ETNews said LG has been in touch with “South Korean financial businesses” since the beginning of this year and has been piloting mobile payments with a company named Cashbee in South Korea. “Most people believe that LG Electronics’ mobile payment solution, which focuses more on ‘second-tier strategy’ than early preoccupancy of markets, will have wider payment range and be more versatile than Samsung Pay,” ETNews said. “Industries are putting more importance on USIM-based payment systems including NFC technologies rather than Samsung Pay’s [magnetic stripe] method.”

The report did not indicate when LG plans to launch its service.

source: http://www.technobuffalo.com/2015/10/13/lg-said-to-launch-g-pay-to-take-on-samsung-pay-android-pay/

 

 

Alright as of the moment I feel that to many company's are taking on the payment service with a storm, first it was apple pay and google pay, which I was totally fine with, I actually thought it was cool and useful. And then came Android pay and Samsung pay, and now comes LG to join the party with there soon to be LG Pay, I just feel like there are way to many of these payments services.

 

Does anyone else feel the same about this, if so let me hear your thoughts on it.

[Aytex]

If its less likely for you to become a victim of identity theft, then bring em on

[givingtnt]

source: http://www.technobuffalo.com/2015/10/13/lg-said-to-launch-g-pay-to-take-on-samsung-pay-android-pay/

 

 

Alright as of the moment I feel that to many company's are taking on the payment service with a storm, first it was apple pay and google pay, which I was totally fine with, I actually thought it was cool and useful. And then came Android pay and Samsung pay, and now comes LG to join the party with there soon to be LG Pay, I just feel like there are way to many of these payments services.

 

Does anyone else feel the same about this, if so let me hear your thoughts on it.

more competition = more choice = better chance of good service

[Praesi]

After NVidias Gsync, LG now bring you Gpay

 

It synchronize your Bankaccount with your Bills in Realtime. Awesome! 

[Oasis]

Too bad Android Pay doesn't work with either of my bank accounts. Thanks Google!

[pmarion427]

Canadian here, I'll care when I'll be able to use such thing.