LG Electronics to develop own mobile payment system

November 19, 2015 7:39 AM

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SEOUL Nov 19 LG Electronics Inc said on Thursday it signed an agreement to develop its own mobile payment service called LG Pay.

LG, which signed the agreement with South Korea's largest and second-largest credit card firms Shinhan Card Co Ltd and KB Kookmin Card Co Ltd, did not give a timetable or description of its planned technology.

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