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Line sets out plans to roll out mobile payments in Japan

Chat app Line plots finance ‘revolution’ with mobile payments — Nikkei Asian Review — “Line, the operator of Japan’s leading chat app, is pushing hard into the banking sphere with plans to aggressively expand in mobile payments, aiming to get its 75 million users hooked on transactions without the fees imposed by conventional banks… Line is rolling out a version of its app that will let small and midsize merchants accept QR code-based payments via Line Pay. Transaction surcharges will be waived for the first three years, and the system costs nothing to set up.”