View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 10, 2019

LINE Pay Taiwan inks partnerships for cross-border payments

LINE Pay Taiwan and iPASS have signed partnership agreements with several players in the payments space to enable cross-border payments.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

The other payment players that are part of the initiative are LINE Pay Japan, Rabbit LINE Pay (Thailand), Naver Financial (Korea) along with NHN PAYCO (Korea). The partnership will be known as the Cross-Border Mobile Payment Alliance.

The aim of the alliance is to enable people from Japan, Korea, and Thailand to make payments utilising their local payment services while visiting Taiwan.

LINE Pay Taiwan chairman WoongJu Jeong said: “The mobile payment industry in Taiwan continues to grow.

“We hope to build a path for all LINE Pay users and merchant partners in Taiwan to transcend national borders and to share a borderless payment experience.”

The service will be effective in the first quarter of next year, with plans to increase the partner network later.

Currently, the alliance is said to benefit over 78 million users across dining, shopping, accommodation, and transportation sectors, among others.

Meanwhile, LINE Pay also unveiled that it has rolled out a new app to ease the payments process.

Additionally, the LINE Pay iPASS Account has now been renamed as LINE Pay Money.

Through the service, users in Taiwan can make cross-border transactions outside of the country.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International