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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.
The mobile payment market is getting crowded as smartphone
makers like Apple and Samsung Electronics Co Ltd have launched
their own mobile payment services.
LG Electronics' mobile payment system will be able to be used in
all LG smartphones, unlike Samsung Pay which is available only
in the recent Samsung smartphone models, South Korean wire
service Yonhap reported on Thursday, without citing a specific
source.
An LG spokesman declined to comment on the report.
(Reporting by Joyce Lee; Editing by Gopakumar Warrier)
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