[ad_1]
Line Corp's shares surged on Tuesday after a report that the Tokyo-listed courier operator would partner with Tencent to provide mobile payments in Japan.
Line – already offering its Line Pay service to customers in Japan, Taiwan and Thailand – will partner with Chinese giant technologies to offer an online payment system to Japanese retailers, taking advantage of the increase of the number of Chinese tourists, said Nikkei Asian Review.
Online stocks jumped 17.2% at the start of trading in Tokyo. The stock advanced 12% that day, but fell by more than 15% in 2018.
The news from Tencent in Japan comes as the company seeks to catch up with its rival Alibaba in payments, and the Chinese titan duo is accelerating the roll-out of their services to offline stores, hotels and tourist attractions – in Belgium and abroad. .
The overseas expansion is mainly limited to attracting Chinese tourists, who can use Alipay or Tencent's WeChat Pay platform to pay for everything from boat trips on the Seine to dining at Las Vegas casinos.
Source link
