TAIPEI – December 28, 2017 – LINE Biz+ Taiwan Limited, the operator of LINE Pay in Taiwan, announced that it will invest in, and become a major shareholder of, iPASS Corporation. Through this investment, LINE Pay will extend its business to the electronic payment service and aims to speed up the development of related services in 2018.

 

LINE Pay has invested in iPASS Corporation – the only company in Taiwan to obtain licenses for both electronic stored value cards and electronic payments – in order to provide continuous service optimization and diversified payment solutions. The companies will work together in the domains of electronic stored value cards and electronic payments, and plan to develop related applications for the ultimate user experience. 

 

LINE Pay – which boasts over 2.2 million users – offers a mobile payment service that allows users to make payments using credit or debit cards that they have registered from within the LINE app. This service not only connects users to LINE-based e-commerce services, LINE@ and LINE Points, but also to its diverse selection of more than 20,000 online and offline partners.* Moreover, over 1 million CTBC LINE Pay Co-Branded Cards have been issued. LINE Pay continues to expand its mobile payment ecosystem, recording more than 34,000 transactions daily, or about $46 million NTD in transactions per day. The company is also committed to corporate social responsibility in Taiwan and operates the LINE Pay Donation page (https://lin.ee/ewUv86k).

(Please refer to the following table for more information on LINE Pay's history in Taiwan)

 

* LINE Pay's major Taiwanese partners include department stores (including Shinkong Mitsukoshi, Taipei 101, Hanshin Department Store, Hanshin Arena Shopping Plaza, Dream Mall, Uni-UStyle Taipei Store (Kaohsiung store), GlobalMall, and Miramar), hotels (including LDC Hotels, a hotel chain, Taipei Marriott Hotel, and The Sherwood Hotel), all major convenient stores, retail stores (including Watsons and STUDIO A), cinemas (including VIESHOW CINEMAS and SHOWTIME CINEMAS), the tea-shop TP TEA, and more. LINE Pay currently has more than 20,000 partners and is continuously expanding.

 

[Table] History of the LINE Pay Business in Taiwan

 

Date	Details
August 2015	LINE Pay officially launched  30 online partners
December 2015	Exceeded 100 online partners  Launched Christmas gift exchange campaign
February 2016	Launched donation platform for 0206 Tainan Earthquake
April 2016	Exceeded 1 million users  Announced first offline partner: Miramar Entertainment Park
August 2016	Officially launched LINE Pay Donation page
October 2016	7-Eleven and Family Mart added as offline partners
December 2016	Launched CTBC LINE Pay Co-Branded Card together with CTBC Bank  Shinkong Mitsukoshi added as offline partner
January 2017	Named Song Joong Ki as the honorary ambassador for CTBC LINE Pay Co-Branded Card
April 2017	Feature for making offline payments with LINE Points launched
September 2017	Exceeded 2.2 million users  Watsons, STUDIO A, and Hi-Life added as offline partners
October 2017	Taipei Marriott Hotel and The Sherwood Hotel added as offline partners
November 2017	Launched e-receipt feature  Hanshin Department Store, Hanshin Arena Shopping Plaza, and SHOWTIME CINEMAS added as offline partners
December 2017	Over 1 million CTBC LINE Pay cards issued  TP TEA and VIESHOW CINEMAS added as offline partners  Announced an investment in the e-wallet app provider, iPASS, and to support the growth of an electronic payment app

 

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