BizSugar.com › Technology › LG Plans its Own Digital Payment Platform, LG Pay

Cash may be king, but having to deal with it is one of the biggest inconveniences for a small business. It is labor intensive and carries with it a lot of security risks. So the addition of one more smartphone manufacturer – LG – entering the mobile payment segment will be welcomed by businesses and individuals alike.
The Korean phone maker announced on its Facebook page it has formed a partnership with Shinhan Card and KB Kookmin Card to launch LG Pay.
Shinhan Card is Korea’s largest, and in the top five globally, credit card companies. Established in 1990, it is part of the Shinhan Capital and Shinhan Financial Group. The KB Kookmin Card is also one of Korea’s largest credit card companies, established in 2002 by KB Kookmin Bank.