Taiwan’s LINE Pay set to collaborate with other firms, such as iPASS


Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and FXC Intelligence and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors.… Read more
  • LINE Pay to join with iPASS Corporation to launch new services to residents of Japan, Thailand and more
  • Four other organisations will join the firms, and almost 80m potential users could benefit
  • “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”, said a LINE Pay spokesperson

A payments service in Taiwan has announced that it will work alongside a number of global payment companies as part of a new international money transfer effort. 

The firms, which have come together under the name the Cross-Border Mobile Payment Alliance, aim to let users from several major other Asian nations keep on using their preferred domestic payment services during their time in Taiwan.

The payment firms committed to the new project are diverse, and include organisations which are based in Japan, Thailand and further afield.

In total, there are six payment services using the scheme.

As well as LINE Pay Taiwan and the other major partner, iPASS Corporation, there will also be collaboration from Rabbit LINE Pay, LINE Pay Japan, Naver Pay and NHN PAYCO.

However, LINE Pay Taiwan intends to carry on forming new partnerships and will not stop at the current list.

It has worked with iPASS Corporation before on a project called LINE Pay Money, which was previously known as the LINE Pay iPASS Account.

LINE Pay Taiwan has been in business since 2015.

As part of a busy period for the firm, it has also undergone a rebrand – and has also released a mobile application for end users.

In a press statement, LINE Pay indicated that tens of millions of users will benefit from the new service.

“By connecting the payment ecosystems around the regions, more than 78 million users will be able to enjoy the convenience of cashless payments in a wide range of fields, including accommodation, dining, shopping and transportation, while merchant partners will gain a significantly larger user base and related business opportunities”, it read.

LINE Pay Taiwan’s Chairman WoongJu Jeong outlined his view goal of building “a path” for users.

“The mobile payment industry in Taiwan continues to grow”, he said

“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”, he added.

LINE Pay is a prominent brand in Taiwan and is trusted by many users.

It promises users the chance to “freely make payments even without a wallet”, and to be “worry-free with your smartphone”.

It also describes itself as having a commitment to safety and security, arguing that “a 5-step security procedure will protect your important payment information so it is not leaked”.

When it comes to remittance services news, it pays to be on the ball.

Check out our magazine pages to learn more about what’s going on in this industry.

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