News Visa, Digital Wallet LINE Debut Credit Card

Visa, Digital Wallet LINE Debut Credit Card


- Advertisment -

LINE Pay Corporation, operator of the popular payment app LINE Pay, announced that it is launching a LINE Pay co-brand credit card with Visa in Japan.

The LINE Pay-Visa credit card is set to be released later this year, allowing consumers to make payments at merchants accepting Visa throughout Japan and around the world. Consumers can use LINE Pay through their smartphone screen, without having to present a physical credit card.

“As LINE Pay has grown, our top priority has always been providing the best possible user payment experience,” LINE Pay CEO Youngsu Ko said in an emailed press release. “We believe the launch of the LINE Pay-Visa co-branded credit card will greatly improve the entire LINE Pay platform, adding a diverse range of easy-to-use features and driving a significant increase in users.”

The LINE Pay-Visa co-branded credit card will also offer exclusive rewards, including the LINE Points program. Users will gain LINE Points for their spending, in combination with “My Level,” an incentive program offering bigger benefits for the most active users.

LINE currently has 168 million monthly active users in its primary markets of Taiwan, Japan, Indonesia and Thailand. In addition to payments and messaging, the company offers services such as food delivery, online video streaming and job searches.

In September, the company revealed that it was trying to raise around 148.1 billion yen ($1.33 billion) to expand into the financial services business, with an aim to issue zero coupon convertible bonds maturing in 2023 and 2025. The company said it would use the majority of the funds raised to promote LINE Pay, as well as other financial services, by the end of 2021

In addition, LINE is also reportedly talking to several companies about using the digital asset for payment services, including Line Pay, as a way to set its products and services apart from competitors, including Facebook and Snap.



Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -Visa, Digital Wallet LINE Debut Credit Card

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you