In brief: LG'southward mobile payments service is post-obit the company'due south smartphone business out the door. Less than two months later announcing it would be exiting the phone concern, LG has confirmed information technology will be winding downward its mobile payments and digital wallet service over the coming months.

In a consumer FAQ on the matter, LG said that beginning June i, The states users will no longer be able to purchase or add gift cards to LG Pay. Come August ane, LG will stop accepting new users and existing users won't be able to add new cards to the platform. Ultimately, the LG Pay service for U.s.a. users will be discontinued on November i, 2022.

The visitor recommends that customers spend any remaining money on their LG Pay Perks Card before the termination date. What's more than, anyone with a gift carte du jour in their LG Pay wallet should relieve the carte du jour number and PIN for use outside of LG Pay.

LG was one of several tech companies that hopped on the mobile payments bandwagon, but they were late to the game. Apple and Samsung rolled out their payments and wallet services in 2022 and 2022, respectively, with Google Pay (formerly Android Pay) following in September of 2022. LG Pay didn't debut in Republic of korea until mid-2017, and it'd be another two years before the service reached the US.

News of LG closing its mobile payments service is hardly surprising considering the company's decision to exit the smartphone game back in April.

Image credit Grzegorz Czapski