Could LG Pay have MST? It could appear on G6
LG has yet to introduce its proprietary mobile payments system. It was supposed to include a Coin-like virtually interchangeable credit card and the chaebol was looking for banks to partner with.
Now we’re hearing word from The Electronic Times in Korea that the company has abandoned the so-called “White Card” and snagged a little ace from Samsung Pay. It may start implementing Magnetic Secure Transmission technology into its devices, starting with next spring’s LG G6. Multiple insider sources are saying that testing and mass-production are imminent.
MST technology simulates a credit card swipe by transmitting information through a magnetic field rather than a magnetic stripe. However, Samsung does have patents, — some filed on its own behalf, some retrieved from its acquisition of LoopPay — so LG is left to do a little intellectual property maneuvering and a lot of R&D.
It’s said that the G6 will be able to utilize NFC as well. Bonus points for native wireless charging — the first LG flagship phone to not need an extra cover or a hack to do so.