25 November 2017
visit www.solutions.lexisnexis.com

Japanese messaging outfit Line launches m-payments service

05 December 2014  |  5788 views  |  1 Japanese flag

Japanese messaging giant Line is rolling out its mobile payments service for online and in-store transactions to users around the world.

The firm, which claims 170 million active users, first outlined plans for Line Pay in October, initially for users in its native Japan.

However, customers worldwide will soon be able to link the Line mobile app to credit cards. Users will then be able top up their Line account and make purchases online and in-store at participating retailers through the service.

For security, the iOS version of the service will tap Apple's TouchID as well as a password. The Android app will have a different type of two-factor authentication system in place.

The payments feature is just one of several new areas for Line, as it seeks to follow the path taken by China's WeChat and move beyond messaging. Line is also planning a music streaming service, an Uber-style cab hailing app, and a food delivery offering.

In the west, both Facebook and Twitter are also making moves into payments, testing buy buttons for instant purchases and prepping P2P money transfer features.

Comments: (1)

John Gessau
John Gessau - ACI Worldwide - Johannesburg | 08 December, 2014, 10:55

I'm wondering how this will work in store? It is clearly not NFC on iOS, since the NFC element is not open to 3rd party wallets (yet). Given it is for 'participating retailers' I'm assuming this'll be a QR code payment wallet? This'll make acceptance limited of course - unless there is some kind of NFC sticker that can be placed on the phone.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Japanese messaging outfit Line moves into payments

Japanese messaging outfit Line moves into payments

13 October 2014  |  4768 views  |  0 comments | 5 tweets | 4 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.atos.net

Top topics

Most viewed Most shared
Sepa instant payments goes liveSepa instant payments goes live
10972 views comments | 46 tweets | 79 linkedin
ING brings data privacy to blockchain transactionsING brings data privacy to blockchain tran...
9533 views comments | 25 tweets | 37 linkedin
hands typing furiouslyHow Fintech Companies are disrupting the C...
8198 views 0 | 20 tweets | 9 linkedin
Axis Bank uses Ripple to open new payment corridors between the UAE and SingaporeAxis Bank uses Ripple to open new payment...
8137 views comments | 8 tweets | 22 linkedin
UK Open Banking expanded to cover all PSD2 productsUK Open Banking expanded to cover all PSD2...
7824 views comments | 21 tweets | 47 linkedin

Featured job

London, UK (or flexible)

Find your next job