LGU+ is a South Korean telecommunications company that offers various services, including mobile, internet, and TV services. LGU+ also provides a payment method called LGU+ Payment (or LG Pay), which enables users to make payments using their smartphones.
LGU+ Payment utilizes Near Field Communication (NFC) technology to enable contactless payments. Users can register their credit cards, debit cards, or banking information within the LGU+ app on their smartphones. When making a purchase, they can simply tap their phone against an NFC-enabled payment terminal to complete the transaction.
LGU+ Payment supports various types of transactions, including payments at physical stores, online payments, and person-to-person money transfers. Users can also earn reward points or enjoy special discounts when making payments with LGU+ Payment.
To ensure payment security, LGU+ employs measures such as biometric authentication (fingerprint or facial recognition) to authorize transactions. Additionally, payment information is encrypted and safeguarded.