[Korea ohahreum financial newspaper reporter] LG Electronics is a global payment solutions company accelerates 美 Dynamics (Dynamics) in cooperation with the next generation of mobile payment services 'LG Pei (LG Pay)' preparation.
LG Electronics has signed a technical cooperation agreement to apply the dynamics of 社 'WMC (Wireless Magnetic Communication)' technology in 21-dong, Seoul, LG Electronics Institute of the MC, LG and pay services.
The day the contract was attended by officials such Equation dynamics 社 myulreon Jeff (Jeff Mullen) including the CEO, LG Electronics MC Business Division Product Planning geurupjang gimhongju.
WMC has its own dynamics 社 is the mobile payment technology developed in 2007. It generates a magnetic signal from mobile devices such as smartphones manner in which it is facing to a regular credit card payment terminal.
'LG and pay by mobile device users with the service is available only if you select the desired card from the device without the need to carry multiple copies of the actual credit card.
LG Electronics has already equipped the 'LG and pay the hardware' LG G6 'released in Korea, started the "LG and pay domestic services since June coming through a future software update. After a thorough field testing and validation plans for it to provide a full-fledged service.
In addition, progress and consult with all eight domestic credit card companies, credit card companies have already decided to seven 'LG and pay services involved. Cards bereavement service schedule will be announced later.
LG Electronics plans to extend the functionality of the "LG and pay a variety of payment and financial services, including in-store payments in addition to online payment, various membership, banking.
LG Electronics MC product planning geurupjang gimhongju, managing director of "dynamics 社 strategic partners with the most advanced technology in the mobile payment sector," he said, "give to the consumer through the 'LG page" to start the service in the country in June more benefits "he says committed to.
Jeff myulreon CEO, "WMC solution of dynamics is a technology leader in the mobile payment sector who have accumulated the technology for over 10 years," saying, "LG payload is expected to be based technology to succeed in the next generation of mobile payment services market." .
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