Japanese social media network Line moves into payments

Japanese social media messaging network Line has entered the payments market with a service for both online and in-store transactions.

Japan’s Line network is moving into payments

Line, which has 560 million registered users worldwide, will enable Japanese customers to link the Line mobile app to their bank accounts and 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, as well as make person-to-person payments. The service is available on both iOS and Android mobile platforms, with the iOS version using the Apple TouchID fingerprint sensor along with a password. The Android version wiill have two-factor authentication in place, although details have not yet been revealed.

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