JAKARTA,Indonesia, 11 June 2021 – LINE Corporation today announced the launch of the digital banking platform LINE Bank by Hana Bank in Indonesia, a collaboration between PT Bank KEB Hana Indonesia (a subsidiary of South Korea’s Hana Bank), and LINE Financial Asia (an affiliate of LINE Corporation). Indonesia will be the third market LINE Bank operates in, following Thailand and Taiwan.
The strategic partnership between LINE and Hana Bank Indonesia began in October 2018, when LINE FinancialAsia acquired 20 percent of Hana Bank Indonesia through a Share Subscription Agreement.
LINE Bank will offer several products designed to make banking simpler and more inclusive:
In the future, LINE Bank is planning on expanding the range of products it offers, bringing Indonesian consumers services as loans, partnership loans, and QR payments.
Re-disseminated by The Asian Banker