Everyone and their aunt is setting up their own mobile payments services these days.
Now it look like LG is readying up a payment platform to compete with mobile rivals.
The South Korean tech giant has filed for the “GPay” trademark with the US Trademark and Patent Office, as spotted by VentureBeat.
The filing in question is related to “smart phones”, “mobile phones”, “transmission of data” and “electronic wearable units”.
Unfortunately, no further details are given in the filing, so there’s no way of verifying LG’s intended course of action.
However, based on the apparent name of the mystery service, it seems probable that LG is working on its own mobile payments service.
A number of technology giants have already launched their own offerings. Examples include Apple Pay, Samsung Pay, and Google’s Android Pay.
Customers are increasingly willing to make payments via contactless methods, so it wouldn’t be a surprise to see LG banking on the trend.
Related: Android Pay vs Apple Pay
We contacted LG for comment. This was the response: “It is the policy of LG not to comment on rumours or speculation.”
Do you think more manufacturers should launch their own payment platforms? Let us know in the comments.
Check out our smartphone buyer’s video guide below:
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
