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Tag: line pay

  • Bank Mandiri Partners with LINE for E-transactions

    Bank Mandiri Partners with LINE for E-transactions

    State-owned lender Bank Mandiri has joined hands with chat app operator LINE Indonesia to integrate its Mandiri e-cash product with LINE pay service. The partnership is aimed at facilitating LINE users in carrying out electronic transactions.

    “E-cash transfer can now be done as easy as sending a text in chat app LINE,” Director for Banking & Technology Bank Mandiri Rico U. Frans said in a written statement on Monday.

    Rico claimed that the service can be enjoyed by both Mandiri customers and non-customers. For Mandiri e-case users, the service can be accessed by integrating their Mandiri e-cash number with LINE Pay. Whereas those who do not have Mandiri e-cash, may create an account in LINE Pay menu.

    “The collaboration is based on shared market target, i.e. youth with digital lifestyle,” he said. LINE Pay e-cash would enable Bank Mandiri to provide easy service to over 90 million LINE users in Indonesia.

    Meanwhile, LINE Indonesia Managing Director Ongki Kurniawan said that the cooperation will help develop financial technology and a cashless society. As well as to help unbanked users to be able to carry out transactions.

    LINE Pay e-cash, Ongki said, is the easiest way to open a bank account. People can download LINE app in Google Play Store and Apple Store and register their phone number in LINE Pay e-cash account to do bank transactions.

    “It can be used to buy phone credit, electricity tokens, bank transfers, as well as online and offline shopping as easy as chatting on LINE,” he said.

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  • Deals just got personal

    Deals just got personal

    A GoPro costs the same for everyone? Wrong. Having a MasterCard might easily save a shopper additional 50 dollars on the best price. Because with many big online-shops like Lazada, that MasterCard allows the shopper to use special coupon codes for an extra discount.

    “In the last 6 months, we have slowly seen the death of the one big “blockbuster deal” for everyone.”, explains Dealsheep co-founder David Appold. “More and more, the best deals and promotions are restricted: You can only get them if you fulfill certain conditions.” Needing a master card is just one possibility; extra savings might also hinge on whether you have phone provider A rather than phone provider B, an account with a specific bank, or having installed payment apps like LINE Pay on your phone.

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    Online shopping used to be so simple: Price comparison found best deal for everyone.

    The downside: Finding the best deal has become a lot more complex. “Instead of just comparing the prices at different shops, shoppers now need to take into account which promotions and coupon codes they can and cannot use.”, said Pomme Upaiboon, co-founder and head deal hunter at dealsheep.com.

    But people are unique and so is the “best deal”: It might look different from one person to the next.

    The startup’s solution: Help users figure out which deals are available to them personally. “The best and cheapest deal does not help you, if you do not actually have meet the conditions for buying it.”, added Ms. Upaiboon. “So we figured we should give our users an easy way to see which deals work for them.”

    “For the user it is actually quite simple.”, explained Mr. Appold. “They set up what we call their ‘privilege portfolio” on our platform: The credit cards, bank accounts, and phone providers they have. That takes around 30 seconds.

    From then on, we do the rest and know exactly which deal works for the user and can tell him or her which discount coupon code and shop is the cheapest for the product they want. Of course, we do not need their actual credit card numbers and other personal information. All we need to know is whether they have that MasterCard or dtac phone or not, because that is what determines which coupon codes work for them.”

    Keeping track of all relevant coupon codes and their conditions can be overwhelming.

    The startup first premiered the new feature during the Mobile Challenge Asia Pacific (MCAP) held on Hawaii, USA, where the team represented Thailand. Since then the team has refined the feature which appears to be new-to-the-world and has so far not even been attempted by more mature players in the deal hunting and coupon code space in the US and elsewhere. Dealsheep plans to go live with the deal personalization within May.

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  • Line adopts secure payment service

    Line adopts secure payment service

    Social media app Line has teamed up with CyberSource to enhance the security and convenience of it mobile payment service Line Pay.

    CyberSource, a subsidiary of Visa, is one of the world’s largest providers of eCommerce payment management services. The strategic partnership with Line Corporation will add payment and fraud management services for Line Pay.

    “Via CyberSource’s global payment gateway, Line will be able to process online payments from multiple card brands and issuers, as well as certain alternative payment methods,” the company said in a statement.

    “These solutions enable Line to advance their business globally in a scalable and secure manner.”

    Since Japanese company Line’s launch in 2011, the service has grown globally across 230 countries and regions. As Line Corporation’s core business platform, the app helped the company obtain an international presence by consistently rolling out and expanding services, integrating various social elements in its app features – including Line stickers, Line family apps, Line Game and Line camera. The mobile messaging service app had 181 million monthly active users as at January 2015.

    “With global smartphone penetration per capita expected to increase more than three times by 2017 from that in 2011, we recognise that there is great opportunity for growth in the mobile industry,” said Takeshi Idezawa, Line Corporation’s COO.

    “We are constantly looking to work with partners with an established worldwide presence and vast experience so we can provide quality service to today’s digitally-savvy consumers. With our entry into the mobile payments market, we are now able to empower our customers with more choices and flexibility in online payments. On top of that, we are also able to protect their interests with CyberSource’s payment security expertise. We strongly believe this will be pivotal in helping us accelerate our global growth.”

    In addition to global payment services, Line will also have access to secure payment acceptance and fraud management services via the CyberSource payment management platform. This means Line will be able to provide payment security, with users’ sensitive payment data residing in CyberSource’s secure data centers, as well as process a wider spectrum of payment methods.

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