LG to Use NFC to Enhance Its Smartphone Strategy

Author: John Devlin, Group Director, Security and ID

Published: 10 Feb 2011

A senior LG executive in its Home Entertainment division has confirmed that the company plans to launch a mobile payment system in Europe next year. According to a report from Reuters, Jin-Yong Kim, VP for Business Solutions, confirmed that this solution is in beta testing and is intended to allow small- and medium-sized retailers to accept payments at point-of-sale (POS) from near field communication (NFC)-enabled smartphones. Further details are not available, but it was apparent that other LG product groups will also feature NFC technology.

The full text of this Insight is available to subscribers of the Mobile Money & NFC Research Service and the Smart Cards & Embedded Security Research Service.

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