LINE Launches “Social Banking” Platform with Thailand’s KASIKORNBANK

Social media platform and messaging app LINE has launched LINE BK which is powered by KASIKORNBANK, for the first “social banking” platform in Thailand. LINE’s push into financial services in Thailand is far from its first, in Taiwan, LINE was among one of the three approved by the Financial Supervisory Commission of Taiwan to operate a virtual bank.

This new platform allows customers to transfer money, open savings accounts, apply for loans as well as make payments from the LINE app.

Read more: Fintechnews Singapore