For some time now, it seems that all companies are interested in offering an electronic payment system through their devices. Banks are also doing it through different applications. But it is clear that all solutions are not compatible and fragmentation in payment systems can become a problem in the long run. Currently Apple Pay, Android Pay and Samsung Pay are the systems that due to their infrastructure have a significant market share after having been in operation for some time. LG has been mulling over its LG Pay payment system for some time, a system that has been delayed for several months and which, according to everything seems to indicate, may not see the light of day.
A couple of days ago Google presented the new smartwaches designed in collaboration with LG. One of these models has an NFC chip that will allow payments only with Android Pay, which logically limits the possibility that LG could use it for its payment system. This limitation affects any manufacturer of smartwatches that you want to make use of. For a long time, Samsung has been betting on Tizen as the operating system for its smartwatches, an operating system that is giving it very good results, so this limitation does not affect it. In addition, Samsung Pay is the third largest mobile payment platform in the United States, where it has been practically since its launch.
Google's move to limit access to the NFC chip could have been the lunge that LG needed to abandon its payment system. This limitation could have been agreed with Google to encourage the use of Android Pay in all its terminals. Quid Pro Quo. I order the smartwaches for you and you adopt Android Pay on your terminals, leaving LG Pay aside, so Android will have one less company to fight with so that users adopt a digital platform to make payments from their smartphone or smartwatch.