“LINE Pay” Enables bank transfer via smartphone payment

“LINE Pay” Enables bank transfer via smartphone payment December 9th, 0:01

We found that “LINE Pay” for smartphone payments started a service that can be transferred to bank accounts of individuals and corporations. As it is the first time for domestic smartphone payments, we aim to increase the number of users by capturing demand for rents and monthly payments for lessons and expanding usage.

According to the people concerned, “LINE Pay” will add a function that allows bank transfer to the app on the 9th.

By entering the other party's account number and amount, you can transfer money to individuals and corporations up to 100,000 yen. Even if you don't know your account number, you can transfer money if you know the name of the other party and your phone number or email address.

This is a mechanism to receive money when a short email or email is sent to the recipient to notify the transfer, and the recipient enters the account number using the displayed link.

The fee is 176 yen per transaction, and the company expects to be in demand by transferring rents and monthly fees for learning.

With smartphone payments, users of the same service can generally send money without a fee, but this is the first time that they can transfer money to a bank account.

With smartphone payments, it is noticed that operators are in a state of disorder and new services will lead to acquisition of users.

The bank transfer from the LINE app is first made available for Android smartphones, and the iPhone will be supported at a later date. From the LINE Pay app, you can use any smartphone.