Japan's LINE launches digital bank in Indonesia

Indonesia is the third market in which LINE Bank is operating.

Japan’s LINE, through its affiliate LINE Financial Corporation, and PT Bank KEB Hana Indonesia have jointly launched LINE Bank in Indonesia, an announcement read.

With the start of service, which began operations on 10 June, Indonesia becomes the third market in which LINE Bank is operating after Thailand and Taiwan.

LINE Bank will provide digital banking services, starting with the savings and deposit services. It plans to introduce a variety of financial products and fintech services tailored to each locality’s specific needs and interests.

It will also offer time deposits for a minimum of $70 (IDR1m), debit cards, and bills payment through the LINE Bank app.

LINE Bank is planning on expanding its range of products to loans, partnership loans, and QR payments.

Photo courtesy of LINE.