LG’s cellular division is sort of solely lifeless, and we’re now seeing the remaining dominoes fall. The corporate has now introduced the shutdown of its cellular funds service, LG Pay, later this yr.
LG confirmed in an e-mail to Android Authority that the funds service shall be shuttered on November 1, 2021, within the US.
The corporate notes that it’s going to quickly “cease accepting new enrolments to LG Pay; cease permitting the addition of recent playing cards to current accounts (Credit score/Debit/Pay as you go Card, Present Card, Loyalty Card); and now not permit the acquisition of recent present playing cards.” Nevertheless, customers could proceed to make use of the service with current playing cards till the ultimate day.
LG Pay US shutdown: What it means for customers
LG Pay is the corporate’s wi-fi funds service using NFC and LG’s Wi-fi Magnetic Communication (WMC) to imitate actual playing cards. The latter allowed for comparable performance to Samsung Pay. Whereas LG customers within the US can nonetheless obtain one other app, like Google Pay, they may now not have WMC tech at their disposal. This can have an effect on the house owners of the LG G8x and LG V60.
When LG introduced its departure from the smartphone sector, it confirmed it will proceed to offer safety updates to legacy telephones. It appears sustaining apps and companies associated to its smartphone enterprise was not in its scope.
LG Pay recommends customers spend any remaining funds on LG Pay Perks Playing cards forward of the decommission date. Customers must also jot down the main points of any present playing cards saved on the service.