LG working on a new payment system

Mobile payments are becoming more popular every day, and more and more companies want to grab a piece of this pie. In the Android world already have a few different options when it comes to paying with smartphones. A new report suggests that LG is working on its own way, which will differ from the current solutions.

LG working on a new payment system

According to a report from Korea, the LG is working on an e-card that will allow users to register multiple credit cards. The idea is not new, but until now nobody has been able to implement it properly, but LG has more resources and technology to make your card in demand.

The product from LG will be equipped with a small LCD display and have basic management capabilities. As reported, the card will work with magnetic stripe card readers. The report also said that LG is already in the process of signing agreements with the Korean payment systems.

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