Line Bank Is Officially Available in Indonesia, in Collaboration with Bank Hana
LINE Bank application is now available for public, offering deposit and savings products in the early stages
KEB Hana Bank Indonesia (Hana Bank) and LINE Corporation officially launched LINE Bank by Hana Bank (LINE Bank) in Indonesia yesterday (10/6) which was marked by the launch of its application for public. Indonesia is LINE Bank's third market, following Thailand (LINE BK) and Taiwan (LINE Bank).
Collaboration between the two companies started in October 2018, when LINE Financial Asia acquired 20% stake in Hana Bank through an equity participation agreement. This was the beginning of the first foreign digital banking service, between banks and technology companies.
“LINE Bank will be available in the Indonesian financial industry to provide digital banking services that are convenient and easy to use. [..] LINE Bank will provide various financial products and fintech services that are tailored to the needs and interests of our customers," Hana Bank's President Director, Jong Jin Park said in an official statement, Friday (11/6).
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