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Four years after Samsung launched a "tap-to-pay" mobile wallet, which works virtually anywhere on your credit card, even with older magnetic card readers, and two years after LG has started testing it in Korea, rival LG Pay has finally arrived United States.
If you have a LG smartphone, it could be quite intriguing because it is a much more flexible payment technology than most other competitors on the market. Where Apple Pay and Google Pay only work with newer payment terminals that support Near Field Communication (NFC), LG Pay allows your phone to generate a magnetic signal that looks like the reader, just like using a card traditional magnetic stripe credit. This is an exclusive selling point for Samsung phones so far.
But like Android Central reports, the new technology has two important caveats: first, it only works (at the moment) with the LG G8 ThinQ phone, a device we found gigantic and generally uncompetitive in our recent review, and a device that would have been sold as mediocre, to the point that we began to see it with a sharp reduction a few months after its release. (Incidentally, LG stopped making phones in its home country, Korea, shortly after the launch.)
LG says that the application is "soon available on other LG smartphones", but even in this case, there is still much to do:
The Top Pay app is neither Apple Pay nor Google Pay … it's Starbucks. eMarketer indicates that the ranking will remain unchanged until 2022.
This year, more than 23 million people will use the Starbucks app to make point-of-sale purchases at least once every six months. pic.twitter.com/gOE95KuZer
– Sally Shin (@sallyshin) May 22, 2018
LG Pay also only supports Visa and Mastercard credit cards from a handful of banks to start with, including:
- Hunt
- PNC Bank
- American Bank
- Bank of Regions
- State Employees' Credit Union (North Carolina)
- Virginia Credit Union
Although Chase is an important purchase. You should also know that, like Samsung Pay, you can not use it to withdraw money from vending machines, nor pay for the slider terminals that gas stations usually use.
LG says you can also store your gift cards and loyalty cards in the app, and launch the application even with your screen idle by swiping quickly from the bottom of the phone.
If you want to try, here is the download link for Android.
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