We’re in the back half of 2016 and that weirdo mobile payments system we’ve been talking since October of last year still isn’t here. What gives, LG?

Well, the Korea Herald is reporting from its sources that the chaebol wants to continue currying favor with banks and card issuers. Read into that what you may, but in the meantime, LG is said to be planning on putting a chip-and-pin mechanism to its physical LG Pay card and utilize one-time passwords.

It’s with this development that LG can easily claim compatibility with every ATM, unlike with other payment services like Android Pay, Wells Fargo Wallet and, the big one, Samsung Pay. The one-time password also puts the card parallel to solutions like Coin and Plastc.

Observers are betting on the next iteration of the V10 to sport LG Pay on it. The official launch might edge toward the end of the year.

Source: Korea Herald
Via: Engadget

You May Also Like
Huawei P40 Pro+ vs iPhone 11 Pro Max

HUAWEI P40 Pro is DxOMark’s new champion of smartphone photography

HUAWEI P40 Pro’s camera hardware is the best in the smartphone business,…
OnePlus 8

OnePlus 8 series gets A+ display rating from DisplayMate even before launch

DisplayMate lauded the display quality of OnePlus 8 series phones and called their colour accuracy ‘virtually indistinguishable from perfect’.
Honor 30S

HONOR 30S to bring a 64-megapixel camera and 3X optical zoom support: Report

HONOR 30S will reportedly sport a custom Sony sensor that is larger than what any other phone on the market currently has to offer.