Taking a cue out of Samsung’s books, #LG has apparently decided to include MST or Magnetic Secure Transmission support with #LGPay, which will be compatible with standard payment terminals where NFC isn’t available. This is a good move by the Korean manufacturer, especially since the proposed White Card idea has hit a roadblock, which led to the delay of LG Pay’s release.
It is further being said that LG Pay could finally debut with the LG G6 next year, which is still some distance away. Traditionally, we’ve seen LG trying its hand at practically everything that its competitors have tried, so this should barely come as a surprise. However, LG Pay’s delay might hurt the company a little given the dwindling sales of its flagships and the incompatibility with older hardware.
Do you think LG Pay has what it takes to make an impact on the market, given how Apple Pay, Samsung Pay, and Android Pay are currently struggling?
Source: ET News