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The platform might be operated by three way partnership Kasikorn Line, solid by Line Company’s subsidiary Line Monetary Asia and Thai financial institution Kasikornbank’s subsidiary Kasikorn Imaginative and prescient Firm Restricted.
Line BK is Line Company’s first-ever banking service that enables messenger customers to simply switch cash, handle financial savings accounts, apply for loans, and make funds.
The newly launched platform can also be the primary banking answer that’s linked to the nation‘s standard social media platform, the corporate added.
There are round 47 million folks utilizing messenger utility Line in Thailand, in response to Line Company.
Line BK will enable customers to deal with a number of banking options through messenger utility. Customers can use all monetary transactions and obtain in-app notifications. Prospects can even examine their account data and balances on a real-time foundation.
Prospects can share their receipts by means of messages and cut up payments with different people. The applying additionally permits prospects to withdraw cash with out bodily playing cards, when utilizing ATMs.
Prospects who open financial institution accounts on Line BK are eligible to use for saving account merchandise at an rates of interest of as much as 1.5 p.c.
Line BK additionally provides debit card and bank card providers, by means of which prospects can profit from numerous Line providers and people from Line’s associate firms, together with Line Man Wongnai, Rabbit LINE Pay, Lazada, and Agoda.
Present Kasikornbank’s prospects can use their present Ok PLUS account to simply join LINE BK, in response to Line Company.
Line Company mentioned the corporate plans to introduce the messenger-based banking service in Japan, Taiwan, and Indonesia sooner or later.
By Shim Woo-hyun ([email protected])
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