“South Korea’s LG Electronics Inc said on Wednesday it will launch a new mobile payments service in its home country in June,” Se Young Lee reports for Reuters.
“LG said it would start offering its payments service, to be called LG Pay, through its G6 smartphones that went on sale in South Korea on March 10,” Lee reports. “Users would be able to make payments through existing credit card readers via a magnetic signal from the phone, similar to how Samsung’s payments system – launched in August 2015 – works.”
Lee reports, “LG did not elaborate on details including whether its payments service would expand to other markets, whether it would be supported on other devices or if it would generate revenue.”
Read more in the full article here.
MacDailyNews Take: People would have to actually use it for it to generate revenue, so, no, it won’t be generating any revenue. It’s just another “Hey, we have the same thing* as Apple, so buy our stuff instead, dummy” bullet point to put on the list.
*Not really; not by a long-shot, dummy.
Too bad for all of them that they’ll never be able to copy Apple’s ecosystem. — MacDailyNews, March 3, 2015
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We love how Google lost control of their platform with the larger Android peddlers diluting and confusing the platform with reams competing, discordant garbage.
Which fake Siri do the settlers use on their fake iPhones? Which pretend Apple Pay? How does their Touch ID knockoff work? Which imitation Messages app to suffer along with?
Fragmandroid. What a confusing, proliferating junkyard of derivative crap!
If it isn’t an iPhone, it isn’t an iPhone. — MacDailyNews, March 20, 2017
SEE ALSO:
Samsung officially unveils its Siri knockoff ‘Bixby’ – March 20, 2017
Samsung launches Jet Black iPhone 7 knockoff with glossy ‘Black Pearl’ Galaxy S7 Edge – December 8, 2016
Good thing Apple has lined up other suppliers since its S. Korean suppliers might not be around in 12 months.
Just more payment wallet dilution and a small hook to stay with LG for those loyal to that brand.