According to a report recently published by Yonhap News, it appears that LG’s own take on the mobile payment system concept -- LG Pay -- will be launching in the United States some time within the first six months of this year. It is quite possible though that LG Pay will make its American debut with a new brand name -- LG Wallet. As reported by Android Police, a mobile app with an identical name was seen listed in Google Play last week, but it has since been removed during the weekend.
With industry leaders Samsung and Apple fully busy with trying to convince their customers to use their respective brands of contactless modes of payment, another tech giant is looking to join in on the fun.
The world of mobile payment systems is already competitive. Apple got the ball rolling when it launched its Apple Pay system last year. And then in September of this year, two competing services -- Android Pay from Google and Samsung Pay from South Korean mobile giant Samsung -- officially landed in the United States market, further intensifying the competition.
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