LG’s mobile payments platform won’t be smartphone-based
LG plans to launch mobile payments platform, but not via its stable of Android smartphones, according to reports this week.
Leaked images of the LG Pay White Card (yes, we noticed it’s actually black too) have appeared on ET News (via Android Community) suggesting LG is planning to launch a Smart Card that would store user’s payment information.
Reports have claimed the White Card will be capable of replacing all of the user’s credit cards and can even process payments directly from the bank account.
The pictures show an LCD display, which means it’ll need to be recharged via the metal pins. The White Card also has two buttons that allow users to switch between cards and accounts.
See also: Apple Pay in the UK: How does it work?
Interestingly, the card will not need to be paired with a smartphone and can be used independently at retail stores.
The platform, which is scheduled for launch at MWC next month, differs from approaches taken by Apple Pay, Android Pay and Samsung Pay.
However, whether users will be enamored with the prospect of having to charge their credit card (along with their phone, tablet, laptop, fitness tracker, watch, etc.) remains to be seen.
Other smart cards, like Stratos, Coin and Plastc have tried and failed to add modern tech and convenience to our flexible friends, so it’s difficult to see LG enjoying more success.
Would you be interested in a single card to rule them all? Or is it smartphone payments only for you from here on out? Share your thoughts in the comments section below.