What's New in Payments

Messaging app Line reports 40m mobile payment users

A Line Pay milestone: 10 million transactions monthly — Line — “Line announced today that Line Pay, a ‘smartphone wallet’ service for the Line platform, has reached 10m global transactions per month as of the end of October 2017. Along with that major milestone, Line Pay has also achieved ¥55bn (approximately US$482m) worth of transactions monthly — or some ¥300bn cumulative from Jan 1 to Nov 2, 2017… Line Pay has also reached 40 million global registered users.”