New cross-border service available in early 2020 to give visitors from Japan, Korea, Thailand access to LINE Pay in Taiwan
By: Sophia Yang, Taiwan News, Staff Reporter
TAIPEI (Taiwan News) — LINE Pay Taiwan is set to expand its mobile payment service overseas in collaboration with LINE Pay affiliates in Japan, South Korea, and Thailand in early 2020.
The most-used mobile payment system in the country, LINE Pay Taiwan made several announcements on Tuesday (Dec. 3), including the launch of its LINE Pay app, the renaming its iPass service as LINE Pay Money, its new partnership with food delivery platform Foodomo, and a plan to allow LINE Pay users in Taiwan, Japan, Korea, and Thailand to make payments while traveling in any of the four countries.
The number of LINE Pay users in Taiwan has been skyrocketing in recent years. LINE Pay Taiwan General Manager John Ding (丁雄注) said on Tuesday that the number of users now totals 7.3 million, up 47 percent from the previous year, while the number of Taiwanese partnered retail stores and service providers has increased by 47 percent to 164,000.
Credit cards registered to the platform were up 48 percent to 5 million, and the number of transactions processed through the platform jumped 48 percent to 210 million during the same period, Ding added. [FULL STORY]