A man walks past the logo of Line Corp at the company's headquarters in Tokyo, Japan June 2, 2016. REUTERS/Toru Hanai/File Photo TPX IMAGES OF THE DAY
Line Corp is betting that tie-ups with Japan’s biggest financial institutions will help convince its 78 million users to entrust the free texting app with their money.
The operator of Japan’s most popular messaging platform plans to introduce Line Securities equities trading service jointly with the country’s biggest brokerage Nomura Holdings Inc this year, provided it receives the necessary government permits, Tetsuhiko Saito, who heads Line’s financial arm, said in an interview in Tokyo. A banking offering in partnership with megabank Mizuho Financial Group Inc could become available as early as fall 2020, Saito said.
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