LG launches LG Pay
In June 2017, LG launches LG Pay mobile service in Korea using magnetic communication technology, which works by generating a magnetic signal from a mobile device, such as a smartphone, sending a payment to a POS-terminal. The equipment is already integrated in smartphone LG G6.
The technology of wireless magnetic communication (WMC) is supplied by Dynamics payment solutions provider in order to speed up the preparation of LG Pay service.
The solution based on Dynamics WMC technology is the most advanced technology in the field of mobile payments and contains the results of more than 10 years of technological development.
The details of the service will be announced later.