Line BK pulls in 2 million users in 4 months

Japan-based Line Corporation announced that Line BK, its social banking service unit in Thailand, has surpassed 2 million users as of February 23, just four months after starting operations, Tech in Asia reports.

Line BK’s performance in terms of transaction volume, loan applications, and the number of new users “exceeded expectations” during its first few months, the fintech firm said in a statement. It has also recorded around 50,000 new saving accounts a day and hit over US$700 million in total amount of financial transactions.

Read more: Tech in Asia