Samsung Pay has an advantage over its biggest competitors, Apple Pay and Google Pay (originally Android Pay / Google Wallet). In addition to the conventional NFC mode, it also uses magnetic secure transmission or MST, a technology obtained from LoopPay. This makes it compatible with the traditional sliding - point - based terminal, making it available at more stores and outlets.
LG Pay uses the same technology. Or, it eventually goes through several iterations. First, that LG is developing a programmable "white card", for the traditional terminal. It finally gave up this and used wireless magnetic communication technology, although the source of the technology is still unknown. LG said it plans to launch LG Pay in the US in June, but the name of LG electronic wallet may cause some confusion, which may eventually be called LG Pay. However, it is not known whether similar MST function will trigger Samsung patent litigation.
Like Samsung, LG also plans to extend the compatibility of LG Pay or LG Wallet to medium - end devices, such as the K series. However, because of the lack of required hardware, these phones do not support the WMC function.