LG Pay to be launched in June

- Adrian Ungureanu

It seems that LG Electronics is ready to introduce its own mobile payment service as the company made an interesting announcement today.

LG Electronics said that it plans to officially launch its own mobile payment service, dubbed LG Pay, in Korea next month, according to The Investor.

During the World IT Show 2017 exhibition currently under way in Seoul, the Korean tech giant showcased the new service that features the Wireless Magnetic Communication technology.

LG said the service will be launched next month in South Korea and will be connected to the countryโ€™s eight major credit card companies.

Users of the G6 smartphones will be allowed to use LG Pay simply by updating their software.