LG too adopts MST technology for its mobile payment service
After testing the White Card payment technology for a year, LG decided to drop it and opt for magnetic secure transmission (MST). Read on to find out why.
Image source: LG USA
Similar to Samsung Pay, LG's upcoming mobile payment service will be using MST.
IT and industry sources told ETNews that LG has given up on the White Card payment technology which it had been testing for a year. Apparently, the inconvenience, issues with batteries and lack of sales strategies made LG change its strategy for its mobile payment service. In addition, testing issues and the lack of regulatory approval for the White Card technology forced LG to push back the launch which was originally planned for last month.
LG's mobile payment service will debut on its flagship smartphone, the G6 next year. It is reportedly working with credit card companies and selected partners to for the MST integration.
Source: ETNews
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