LG Pay will be a no show at MWC: Report

LG's yet-to-be launched mobile payment system will take a backseat to allow flagship phone the G5 hog the spotlight at the upcoming Mobile World Congress, a South Korean report says.

LG Electronics will not show off its mobile payment system LG Pay at the upcoming Mobile World Congress in Barcelona, in order to put the full focus on the G5, a report from South Korea claims.

According to DigitalDaily, the South Korean tech giant has postponed the unveiling of LG Pay to the second quarter of the year to "concentrate" on the G5.

LG Uplus, the mobile carrier affiliate of LG Electronics, was due to go to Barcelona to display the mobile payment system, but its display area had been removed, South Korean media said, citing an unnamed LG official.

A separate report earlier claimed that LG was planning to unveil a universal payment card called LG White Card at the mobile tradeshow.

South Korea's second-largest electronics firm put in fingerprint recognition on last year's flagship V10, speculated to be in preparation for the launch of its own mobile payment app.

In November last year, it signed agreements with local credit card firms Shinhan Card and KB Kookmin Card for mutual cooperation in the area.

Apple and Samsung have already launched payment services in the last year and are heavily promoting them globally.

According to TrendForce, global mobile payment will grow to $620 billion in 2016, a growth of 37.8 percent from 2015's $450 billion.

LG revealed that its new phone will be called the G5 when it unveiled a quick cover case for the likely metal phone earlier this week.

A LG spokesman declined to comment.

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