LG is working on a physical “smart” card to replace all your credit cards

In any case take it with a grain of salt for now, but the rumors claim that LG might debut the White Card at MWC 2016 next month, so check back with us then for the details. Now, according to a report from ETNews, LG is jumping into the same game.

Instead of throwing the payment solution into a smartphone that uses either NFC or QR codes, LG Pay may actually be a universal credit card instead. Using this feature can be very helpful when a customer wants to take advantage of a card's exclusively offered benefits depending on which store it is used at.

The system, known as LG pay, had already been announced but the leak, reported by Korea's Electronic Times, suggests that "the White Card" will do everything your entire wallet now does. Probing closer, the card boasts a small liquid crystal display along with a power button and a Lock function. It's reportedly going to be called the "White Card" (as in "White Label", I guess?), though the image above has "LG Pay" printed on it, so that's another possibility. Ease of use is something they are focused on, so companies will be able to manage their transactions without them having to go through LG's servers. In the meanwhile, we've watched Apple and Google launch mobile payment systems that use your phone and Samsung launch one that can work with traditional card-swipe terminals. If you have a rewards card at a certain store, you can upload it and use that form of payment. LG's plan for mobile payments, even if backed by a bigger company, doesn't seem much better. LG is apparently planning a pretty small launch for the "White Card", ordering only 50,000 to be made during the first production run. Talks on mass-producing the White Card are now in progress with a card company in South Korea.