Tag - Line
Japanese messaging service Line is preparing to globally launch a mobile payments service for iOS and Android in the near future. Line Pay, a service which has already launched in its native Japan in October, will allow its users to register payment details within the app, using their account to pay for Line stickers and other items from the Line store, as well as other online retailers and physical locations.
Line Corp has applied for an initial public offering (IPO) on the Tokyo Stock Exchange, according to a rumor. The operator of the messaging service of the same name, owned by Naver of South Korea, is said to have made the request to the exchange two weeks ago, with the company claimed to be valued at over 1 trillion yen ($9.8 billion) by report sources.
Line is warning users of its messaging app to change their passwords, after a number of accounts were accessed illegally in the last month. Despite the password change request and the involvement of Japanese police in the reported intrusions, Line is claiming that its servers have not been hacked, and instead pins the blame on the hacked users themselves.
Messaging service Line is expanding the usability of its Android app, and soon iPhone, from being able to make free calls to other Line members, by adding the option to call phones. Line Call will let users make calls to people in eight markets at a flat rate per minute, bringing the messaging app into direct competition with Microsoft's Skype, as well as potential calling plans from WhatsApp.
Mobile messaging app Line has passed the 300 million user milestone, increasing from 200 million in just four months, with CEO Akira Morikawa aiming for the company to reach 500 million users in total within 2014. While the company has previously tried to drum up interest in the United States, Line states that the largest growth areas are in fact regions such as Spain and Mexico, with future expansion plans targeting India, Turkey, and Western Europe.