LG is currently working on NFC payment technology on it’s smart phones. So far there has been nothing set yet, but LG does seem to be working on making this a more commonly used method of payment in Europe. The NFC payment method is very convenient, because you would simply swipe your phone over an NFC sensor and your payments would be complete. LG has made no note on whether they are planning to make this an exclusive for LG phones, but even if they don’t do something like that they would be able a profit by simply producing as many phones with the capability to use the NFC payment option. I personally feel that this is a brilliant and safe alternative to traditional payments. This will also help to make sure there are no longer any people who cannot pay because they forgot to bring their wallets.

Sources: Engadget Reuters