The LG G6 might feature MST mobile payment tech similar to Samsung Pay

The LG G6 might feature MST mobile payment tech similar to Samsung Pay
When it comes to mobile payment services, there's no shortage of options to choose from. PayPal has been around the longest but never really caught on the way the company was hoping, Apple Pay is the most popular and feature-rich solution for iPhone users, and Google has been hard at work with improving Android Pay to be as robust as possible. However, among all of these mobile payment solutions, Samsung Pay is easily one of the most interesting ones out there right now. Unlike Android and Apple Pay that only use NFC technology for the payments to go through, Samsung Pay uses something called "MST" (Magnetic Secure Transmission).

MST is the kind of tech that you find on most debit and credit cards, and because Samsung Pay uses this same same technology, it means that it can be used at virtually any retail store that has a debit/credit card reader. While NFC terminals are becoming more and more popular in physical outlets, the inclusion of MST with Samsung Pay gives it a level of functionality that you just don't get with any other mobile payment service. However, thanks to recent industry reports, that could be changing very soon.

These reports suggest that LG is working on implementing MST technology into their own mobile payment service that will debut with the G6, meaning you won't be limited to using NFC terminals to pay with it. The company is reportedly working on the payment service in-house as to avoid any sort of patent disputes with Samsung, and if this does turn out to be the real deal, it could give the LG G6 and much-needed boost after the apparent failure of the G5

An "anonymous representative for a financial industry" claims that LG is going to be engaging in talks with "credit card companies" at the end of this month, meaning that that discussions will start to take place rather soon if they hasn't already. LG has been working with various banks in South Korea for quite some time when the company's White Card was still a thing, but with this latest report, we can pretty safely assume that that project is now dead.

LG would be entering the mobile payment game a bit late if the G6 does in fact debut with LG Pay, G Pay, or whatever LG decides to call it, but having MST support would definitely help put it over the edge of competing Android handsets (albeit for Samsung's devices). Until the official announcement though, all we can do is sit around and wait.



1. Nine1Sickness

Posts: 896; Member since: Jan 30, 2011

I never found mobile payment on any device as a deal breaker. It's just another mark on the spec sheet that android users think they need.

3. AlikMalix unregistered

I disagree. 1. I think Samsung pay is best of all mobile pay, due to better acceptance in areas that don't have NFC PoS. 2. I use Mobile payments (Apple Pay) in 85% of all my purchases. Cash In other 10%. And the rest does not accept it (this is where Samsung pay wins). 3. Mobile payments is more secure, more convenient, extremely safe compared to conventional methods.

5. belosava

Posts: 127; Member since: Apr 14, 2014

Samy fanboy trolling

8. AlikMalix unregistered

Haha, im a Samsung fanboy now? Just because I like samsungs feature over apples? DarkJed, maherk, M.G.... you guys reading this? I love it....

10. M.O.A.B

Posts: 322; Member since: Feb 13, 2015

Didnt realize my comment and yours are in the same pattern, thats weird :| but anyways these fanboyism allergic people (i mean those who immediately start saying someone is fanboy) are really annoying

9. M.O.A.B

Posts: 322; Member since: Feb 13, 2015

Haha alikmalix a samsung fanboy ?? XD XD just because he said samsung provides better payment service ?

2. det_bradlee

Posts: 163; Member since: Jun 08, 2015

I pay for literally everything in-store with Samsung Pay MST.

4. AlikMalix unregistered

On occasion Samsung pay fails to work where there no NFC terminal. I had trouble at Home Depot - it rarely works there. (Apple Pay doesn't work at all obviously). It is still better, just look like a goon trying to use Samsung pay it at a NON NFC terminal (after they tell you they don't have mobile payments) just to prove them right. But it's rare. I'd still be happy if Apple followed Samsung with MST.

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