Line Pay partners with Taiwanese bank

LINE logo

Japan’s messaging app Line has teamed up with Taiwan’s Cathay United Bank to introduce new features to its new mobile payment service Line Pay in Taiwan.

Line Pay, which is expected to be available in the second quarter of this year, will allow Line users to create virtual bank accounts under Cathay United Bank via mobile phones and transfer money directly to friends within the Line app, WantChinaTimes reported.

Users can also deposit up to NT$10,000 (US$320) on their Line accounts through email verification, or deposit up to NT$100,000 (US$3,200) if their Line accounts are integrated with their virtual bank accounts certified by Cathay United Bank.

Line Pay made its debut last October, allowing users register their credit cards to make payments through the app at affiliated stores.

Line, a Tokyo-based subsidiary of Naver, one of South Korea’s biggest internet companies, has about 181 million active users per month in 230 countries. Taiwan is one of the messaging apps top three markets, along with Japan and Thailand, with 17 million users.

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