* LINE Pay contactless payment to be accepted at approximately 720 thousand  QUICPay merchants across Japan

* LINE Pay poised to accelerate the diffusion of mobile payment solutions by  supporting contactless payment in addition to code-based payment

 

TOKYO – June 28, 2018 – LINE Pay Corporation (“LINE Pay”) announced that it will team  up with QUICPay under the LINE Pay mobile remittance/payment services (  http://line.me/pay ) on the LINE messaging app and make payment by LINE Pay available at  around 720 thousand QUICPay merchants across the nation.

With a view to serving as a new payment infrastructure in the mobile age, LINE Pay was  launched as online payment services in December 2014. In 2016 we started to offer offline  solutions by issuing the LINE Pay Card that can be accepted by JCB merchants and in  2017 we launched our QR/bar code-based payment solution on a full scale. In 2018 with  the aim of boosting the number of places where you can pay using LINE Pay to one million  throughout the country, we concurrently updated the LINE app to make it even easier to use  our QR/bar code-based payment option in a bid to enhance user-friendliness.

 

At LINE Pay, we are convinced that it will be able to become a payment infrastructure only if  it allows anyone to enjoy the benefit of cashlessness and walletlessness anytime and  anywhere. Based on the belief that code-based payment using smartphones is the right  solution to that end, we are conducting activities to make it gain wide acceptance.  Meanwhile, in Japan contactless payment solutions are already available in large-scale  stores and a great many users evaluate them highly by noting their convenience.

 

While expediting efforts to lay the groundwork for LINE Pay code payments that offer  businesses and users a cashless and walletless payment method with a smartphone  alone, in order to enhance user-friendliness even further, we will support contactless  payment as the third offline payment method following the LINE Pay Card and our QR/bar  code-based payment solution starting this fall. This will allow Android smartphone users to  make payment from their LINE Pay account balance by simply holding their smartphone  over the reader. As QUICPay is accepted at around 720 thousand locations across the  nation, the number of places where users can use LINE Pay contactless payment service  will dramatically increase.

 

*QUICPay is a registered trademark JCB.

* Android is a registered trademark of Google LLC.

 

Under LINE's corporate mission of Closing the Distance, LINE Pay strives to eliminate the  many inconveniences of cash transactions including time, effort, and fees, to bring people,  their money, and services closer together. LINE Pay also aims to lead the mobile FinTech  world in anticipation of a cashless, walletless society, and build a world in which all  monetary transactions can be handled entirely through LINE.

 

JCB Co., Ltd. Overview (as of March 2018)

Company Name: JCB Co., Ltd.

Location of Head Office: Aoyama Rise Square 5-1-22 Minami Aoyama, Minato-ku, Tokyo

Representative: Ichiro Hamakawa, President and Chief Executive Officer

Capital: JPY 10.6 billion

Established: January 25, 1961

Primary Business:

- Credit card operation

- Credit card operation services

- Financing

- Credit guarantee

- Collections

- Gift card and certificate issuing and sales

 

LINE Pay Corporation Overview (as of May 2018)

Company Name: LINE Pay Corporation

Location of Head Office: JR Shinjuku Miraina Tower 23F, 4-1-6 Shinjuku, Shinju-ku, Tokyo

Representative: Youngsu Ko, Representative Director and Chief Executive Officer

Capital: JPY 3.6 billion

Established: May 9, 2014

Primary Business:

* Issuance, sales, and management of e-money, other electronic monetary value, and  advance payment methods, provision of digital payment systems, and funds transfer

* Sales and operation of LINE@

* Service development

* Advertising agency

 

LINE Pay Corporation has become a registered member of the following organizations in  association with the launch of its business:

- Issuers of Prepaid Payment Instruments for Third-Party Business (Registration number:  Kanto Director General 00669, Registration date: October 1, 2014)

- Funds Transfer Service Providers (Registration number: Kanto Director General 00036,  Registration date: October 1, 2014)

- Japan Payment Service Association (http://www.s-kessai.jp , Admission date: August 6,  2014)

 

LINE Pay merchants ( https://line.me/ja/pay/merchant )

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