Line launches digital banking platform in Indonesia
Line Corporation, best known for its messaging app, launched a digital banking platform in Indonesia today, TechCrunch reports. This means Japan-based Line Corp. now offers banking services in three of its biggest overseas markets: Indonesia, Thailand and Taiwan.
Line Corp.’s Indonesian banking platform is the result of a partnership the company struck in 2018 with PT Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana ZBank. Line Corp. agreed to acquire 20% of PT Bank KEB Hana Indonesia, making it the bank’s second-largest shareholder, and said it would work on online banking services, including deposit accounts, microcredit products, and remittance and payment services.