The new blockchain-based overseas payment service will enable customers avoid overseas credit card transactions fees and reduce foreign exchange risks, as payments will go through their mobile account.
Currently, LG Pay is restricted to the LG G6 and LG G6 Plus in South Korea but hopes to enter the international market soon.
After several delays, LG successfully launches its mobile payment service in South Korea with plans to expand to other countries.
LG must have solved the problems it encounted during testing in 2016 and is preparing to launch LG Pay in June.
Samsung may soon roll out its mobile payment system in Canada, according to a Twitter user who contacted a customer service rep with the company.
Reportedly, LG has encountered certain problems while testing its mobile payment service LG Pay and had to cancel the scheduled launch.