While mobile payments systems have been around for quite some time, some will credit "Apple Pay" with bringing mobile payments to the forefront. Although it was introduced a little over a year ago, other companies like Samsung have quickly followed suit, producing their own iterations. While it has been rumored for some time that LG would throw its hat into the ring, the end result may not be quite what some had expected.
What you see above is LG"s "White Card" and it could be the company"s first leap into mobile payments. Unlike offerings from Apple or Samsung, the White Card is an actual physical all-in-one connected card. While the approach is different to those of its mobile hardware rivals, it isn"t the first time something like this has popped up; the card bears obvious similarities to products such as Coin, Stratos, Plastc and others. Although it isn"t the first of its kind, it will be the first to be backed by a major brand.
The card functions like any other credit card, but offers a twist in that it can be loaded with multiple credit cards at once. The LCD in the front allows for organization and the arrow buttons should allow users to select one of their preloaded credit cards to make a payment. While you"d still have a physical card with you, the single card can take the place of all the others you carried with you previously.
LG is speculated to announce the "White Card" at Mobile World Congress next month.