Rumor: LG is preparing to launch its own mobile payments service

Now that Apple, Google, and Samsung made mobile payments popular by releasing their own mobile payments services, it’s time for some of the smaller mobile companies to get in on the action, and it looks like LG is next in line. The company is reportedly preparing to launch its own mobile payments service, which a couple of trademark applications suggest will go by the name LG G Pay. There’s not much in the way of details, but the service will reportedly be the most versatile one on the market when it releases, or at least, that’s what industry insiders are claiming.