LINE announced that LINE Pay (http://line.me/pay), a “smartphone wallet” service for the LINE Platform, has reached 10 million global transactions per month as of the end of October 2017. Along with that major milestone, LINE Pay has also achieved JPY 55 billion (approximately USD 482 million) worth of transactions monthly – or some JYP 300 billion cumulative from Jan. 1 to Nov. 2, 2017.
LINE Pay has also reached 40 million global registered users, continuing its dramatic growth rate. Launched in Japan in December 2014, the service has expanded to more regions, reaching 10 million registered users worldwide as of February 2017. Growth has been particularly pronounced in Japan, Taiwan and Thailand.
In Japan alone, LINE Pay has surpassed 30 million registered users and teamed up with 48 major banks, including Japan Post Bank Co., Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Sumitomo Mitsui Banking Corporation. Japanese users can charge money to their accounts in Lawson stores and at over 23,000 Seven Bank ATMs across Japan, as well as exchange money among 11 currencies.
In Taiwan, LINE Pay is the No. 1 mobile payment service by several metrics, with 2.2 million registered users and 1 million CTBC & LINE Pay co-branded cards (the cards are issued in partnership with CTBC, one of the top banks in Taiwan) issued – unprecedented for the local market. According to the Taiwanese market research firm DataYogurt (https://datayogurt.tw/), LINE Pay is the No. 1 most used mobile payment service in Taiwan among all age groups, as well as the most used mobile payment on online shopping platforms.
Furthermore, LINE Pay in Taiwan has been recognized for its work in corporate social responsibility. LINE Pay users can donate to 10 non-profit organizations. In the first half of 2017, the LINE Pay donation page in Taiwan raised over TWD 8 million (approximately USD 265,000) thanks to the generous support of local users.
LINE Pay complies with the Payment Card Industry Data Security Standard (PCI-DSS), a data security standard adopted by the global credit card industry and ISO/IEC27001. PCI-DSS ensures the information involving all credit card transactions is strictly preserved, managed and protected.
Source: Linecorp.com
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
