Currently, LG Pay is restricted to the LG G6 and LG G6 Plus in South Korea but hopes to enter the international market soon.
The new payment platform, which is set to be launched across France later this week, will allow users to make purchases using their mobile phones.
Ant Financial, the operator of Alipay, is expanding its mobile payments platform into the United States market, following limited trials in California and New York.
Online payments giant is adding Venmo as a new payment option and is planning for more partnerships with companies across multiple sectors.
Ant Financial is set to bring mobile payments technology to customers in Indonesia via a new partnership with major local media company Emtek.
LG must have solved the problems it encounted during testing in 2016 and is preparing to launch LG Pay in June.
The bank will buy the technology, developed by Merchant Customer Exchange (MCX), to drive the expansion of its smartphone payment application Chase Pay.
South Korean electronics giant is officially launching its mobile payment platform in India, following a successful trial of the platform last month.
The global payments industry is facing a number of trends like growing mobile usage and higher customer expectations that will continue shaping the future of payment processing.
German automotive giant is launching its own ‘on-the-go’ payment solution to let drivers pay for the company’s mobility services using their mobile phones.