LG is one of the few companies in the smartphone market, which still has not provided its own service for mobile payments. The situation, however, many could soon change because the Korean giant still interested in this idea. According to the latest data, AndroidAuthority the first smartphone LG G6 will be the first model that will offer users the ability to shop directly from their mobile devices.
For this purpose, LG will also bet on a familiar name in this field and this is the technology Magnetic Secure Transmission (MST). A curious detail is that it is also used by service Samsung Pay. An important detail is that the MST is compatible with most debit and credit cards to consumers. This means that in practice can be used in almost any physical store or retailer worldwide. In parallel, the first smartphone LG G6 will be able to transact and popular NFC terminals.
The data reveal that in the coming days LG began negotiations with leading credit companies globally. It not yet officially confirmed what will be called the new service for the mobile payments Korean manufacturer. Regardless of how you said, it would provide more opportunities for owners of its smartphones. In conclusion, we note that over 90% of card readers in stores maintain MST, which is the biggest advantage of this technology
