Published on : Jul 09, 2018
Albany, New York, July 9, 2018: Rising use of e-commerce platforms such as iPASS has gained momentum. Alongside, easy payment channels such as LINE Pay further optimizes payment solutions for end-users. To evaluate the implications of a recently inked deal between the aforementioned companies, Market Research Hub (MRH) has collated a new report titled, ‘Line Pays Investment in i-Pass Corporation and Its Benefits, Challenges, and Influence on Market’ to its database.
With Elaborate Investments in iPASS, LINE Pay Envisions to Expand its Electronic Payment Services
With this new investment venture, LINE Pay envisages to develop new services in electronic payment service in the near future. Further, iPASS Corporation's current status as the lone achiever of electronic value cards and electronic payments in Taiwan market is envisaged to manifest favorable outcome LINE Pay’s visions of superior electronic payment model. The companies are also akin to develop user friendly payment platforms and applications that leverage enhanced user experience, thus significantly prompting revenue generation and service expansion of LINE Pay. With approximately US$11.5 million investment, LINE Pay has become the largest shareholder amongst iPASS shareholders. Further, CTBC Bank’s new credit cards launched as a joint initiative with LINE Pay further intensifies scope of development in LINE Pay’s investment in i-PASS.
Smart Phones Crafts New Growth Horizons for LINE Pay’s Investment in iPASS
With relatively delayed entry into the forum of mobile payment ecosystem, Taiwan is aimed at offering diversified payment solutions post LINE Pay’s novel investment in iPASS. The company is also set to divert investments in other ventures and strategic business deals that will leverage its objective of intensified electronic payment services in Taiwan. Further, banking on increasing smart phones usage amongst Taiwanese population, LINE Pay envisions to gain ample development scope to customize and commercial its e-payment services to its true potential.
Government Initiatives to Accentuate Avenues in LINE Pay’s Investment in iPASS
To diversify the platform of mobile payments and to encourage Taiwanese population to adopt new e-payment models, the government is all set to introduce lucrative offers and discounts that can encourage more people to access e-payment solutions. Such novel initiatives are expected to pump in new business scope for LINE Pay. In response to its investment in iPASS, LINE Pay now prepares for several other ventures that will suffice its objective to revolutionize e-payments in Taiwan.
In a recent development, Line has offered major stake to SoftBank in its MVNO. Besides shelling out major investments in mobile networks, the company has also invested notably towards mobile payment ventures. These are expected to encourage growth in LINE Pay's investment in iPASS. Such initiatives to activate business deals with leading mobile networks in Taiwan will likely fetch new dimensions for LINE Pay’s Investment in iPASS. With this venture, LINE Pay aspires to target superior application scope and support channels. Further this venture is also expected to pose threat to competitive landscape in e-payment solutions market in Taiwan.
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