LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on June 6.
As of Q4 2018, there were an estimated 1.66 billion Visa debit cards and 781 million credit cards in circulation worldwide. According to today’s press release, LINE counts 187 million global users monthly, with an estimated 50 million users registered its mobile payment service, Line Pay.
The two firms’ strategic partnership will reportedly herald cooperation on a wide range of services, notably including the development of new fintech solutions powered by blockchain technology that support business-to-business and cross-border payments, as well as alternative currency transactions.
In addition, LINE users will be able to apply for a digital Visa card from within the app, and be able to integrate existing Visa cards to make mobile-based payments in the future.