Consumer electronics company, LG, has been forced to delay the launch of its LG Pay mobile payment system for the second time. Unlike other digital payment systems, LG Pay uses a physical "universal" card, NFC, that links to mobiles and aggregates users’ card information to enable mobile payments. However, errors were identified while trying to integrate the card. The firm is also still awaiting regulatory approval for the system. The launch is now expected in 2017.
Consumer electronics company, LG, has been forced to delay the launch of its LG Pay mobile payment system for the second time. Unlike other digital payment systems, LG Pay uses a physical "universal" card, the White Card, that links to mobiles and aggregates users’ card information to enable mobile payments. However, errors were identified while trying to integrate the card. The firm is also still awaiting regulatory approval for the system. The launch is now expected in 2017.