LG Electronics has dropped its plan to launch the ‘LG Pay’ mobile payments system at this year's Mobile World Congress (MWC) in Barcelona, The Korea Times reports, citing an unnamed company representative. "LG Electronics has delayed the official launch of LG Pay to the second quarter of this year to help the new LG flagship smartphone ― G5 ― receive more media attention", the LG representative said.
The representative said this decision was not taken amid lack of support from major credit card issuers in the company's target markets such as the US.
LG Electronics has also decided to use space at MWC that was allocated to LG's telecom affiliate, LG Uplus, to promote the G5. "On the LG Uplus front, LG Electronics' decision not to share space is unsatisfactory; however, we have to admit that LG Electronics feels a sense of urgency to lift its mobile business", the representative added.
