South Korean technology company LG Electronics plans to offer its own mobile payments service, LG Pay, on its LG G6 flagship smartphones, which will launch this summer into the $ 780bn global mobile pay market. LG Pay will adopt a proprietary form of magnetic communication from Dynamics known as Wireless Magnetic Communication (WMC). Currently Android Pay 's Google is used on Wireless Magnetic Communication phones so the new service will give LG more control over mobile pay. LG 's service will allow users to make payments using Wireless Magnetic Communication , a proprietary technology from Google . It is unknown if LG Pay will be compatible with other smartphones.
South Korean technology company LG Electronics plans to offer its own mobile payments service, LG Pay, on its LG G6 flagship smartphones, which will launch this summer into the $ 780bn global mobile pay market. Currently Android Pay 's Google is used on Wireless Magnetic Communication phones so the new service will give LG more control over mobile pay. LG 's service will allow users to make payments using Wireless Magnetic Communication , a proprietary technology from Google . It is unknown if LG Pay will be compatible with other smartphones.