Ant is expected to operate more like a traditional financial holding company and shoulder more capital risks, which will inevitably hurt its profitability.
Line Pay Taiwan Ltd (連加網路商業) yesterday reported that the number of transactions and the total value of transactions each rose 70 percent year-on-year to 160 million and NT$74.6 billion (US$2.47 billion) respectively in the first half of this year.
The number of transactions included those from the company’s mobile payment product Line Pay, which links customers’ credit cards with the electronic payment service, and its iPass Money service, which connects with customers’ bank accounts.
Line Pay did not disclose a breakdown of the transactions differentiating the two products, both of which can be accessed through the messaging app of its affiliate Line
Some of East Asia’s biggest tech companies are delving ever deeper into the world of crypto, with Japanese and South Korean mega-companies eyeing metaverse, non-fungible token (NFT), Web 3.0, and blockchain business expansion.
Line Launches Its First-ever NFT Marketplace in Japan coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.