LG Pay Payment Service: LG to shut down its payment service this year – Times of India


NEW DELHI: In April this year, LG announced its exit from the smartphone business. Now the company has announced that it is also shutting down its payment service LG Pay.
The company launched the payment service for its own smartphones. The company has also posted a message on the LG Pay website confirming the shutdown of the service.
LG wrote, “Thank you for being a valued customer of LG Pay! We regret to inform you that LG Pay will be phasing out and discontinued over the remainder of 2021. More specific details will follow.”
The South Korean tech giant has not yet revealed any official date for the complete shutdown.
LG Pay users can switch to Google Pay on their LG smartphones. Also, the magnetic feature which is supported on LG smartphones will no longer work with Google Pay.
LG introduced its own payment service in 2017 in competition with Google and Samsung‘s payment apps. In 2018, the company introduced the service to mid-range smartphones and in 2019 LG launched the payment service in the US with support for magnetic stripes.
To recall, LG announced it’s quit the mobile phone business, but its smartphones that are in stock with the vendors can still be purchased. The company has promised that it will provide these phones with “OS and software upgrades in accordance with relevant regulations” and the after-sales service too.
LG TONE Free and wireless Bluetooth speakers will continue to be developed and sold while existing phones and tablet PCs will be available only till stocks last.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook


We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News


Read original article here

Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment