LINE

Messaging app provider Line’s banking unit unveiled plans to establish a digital bank in Indonesia by the end of the month, building on previous moves in Thailand and Taiwan as the division targets a leading position in Asia’s digital finance…

The Japanese government ceased using messaging app Line when dealing with sensitive information, following concerns about user data being accessed by a China-based affiliate of the service, Reuters reported.

Japan-based messaging app provider Line vigorously defended its practice of handling personal user data outside its domestic market, in a response to rising concerns from media and government officials related to links with Chinese companies.

SoftBank Corp’s Z Holdings completed an integration with messaging app company Line and outlined plans to invest JPY500 billion ($4. 7 billion) in developing new applications based on AI for its platforms.

Japan-based messaging app provider Line and Mizuho Bank piled up fresh investment of JPY12 billion ($114. 2 million) in an initiative to establish a smartphone-based bank in the country by the end of 2022.

Japanese operator SoftBank Corp weathered a two-month nationwide state of emergency in its fiscal Q1 (calendar Q2), with revenue and profit holding steady when excluding one-off gains, though handset sales dropped.

SoftBank Corp. revealed the Covid-19 (coronavirus) pandemic delayed the regulatory process around a merger between its Z Holdings subsidiary and mobile app business Line, resulting in the closing date being pushed back.