Friday , June 18 2021

Tencent, LINE Japanese mobile payment group: Nikkei



China's social network and Tencent Holdings giant games will connect Japan's Japanese mobile phone operator LINE Corp to mobile payment services in Japan, Nikkei Business Daily announced on Tuesday.

Next year, LINE will be compatible with the WeChat Pay program, Tencent, compatible with WeChat Pay in Tencent, China, Japanese restaurants and medium stores.

According to the installations, buyers will enter the amount of a transaction in a terminal, creating QR code. The customer looks at a mobile phone to pay the Tencent or LINE service.

This will allow Chinese tourists to make their payments through WeChat Pay, with a digital portfolio linked to the famous Tencent messaging application.

To help create a large user base, processing fees will be left on 20th July 2021 in stores that present these payment terminals, according to the report.

The Tencent Japanese Payment Initiative is a month after its Chinese internet marketers have made Alibaba invest in the market.

In September, Alibaba announced through financial technology, Ant Financial Services Group, Japanese SoftBank Group and Yahoo Japan.

According to the veterinarian, Alibaba's sponsored payment services will be compatible with Alipay through PayPay paid mobile payments through Yahoo and Softbank.

Amazon, Rakuten and Japanese wireless carrier NTT DoCoMo, as well as all banks are expected to blossoming the mobile payment services industry into Japan.

LINE Corp has a LINE Payra platform for its mobile payment platform. The company has made efforts to expand its financial services to collect US $ 1.3 billion worth of $ 9 million worth of $ 9 million in September.

When it was launched in 2014, LINE's global payment transaction exceeded the volume of 450 million yen in three years. The Japanese messaging application aims to consolidate its commitment to LINE Pay, with the aim of promoting a million billions of payments in the country and promoting traders.

At the beginning of June, LINE presented a three-year plan to accelerate the popularization of payment codes. One of its initiatives is the implementation of the LINE Pay for Merchants application designed to pay the QR code in LINE Pay, aimed at retailers. Transaction surcharges will be rejected for the first three years.

In the same month, LINE announced in collaboration with the Japanese credit card company JCB and its QuicPay contact payment system to approve LINE Pay payments for roughly 720,000 QUICPay Japanese retailers.

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