Line starts bank transfer service via smartphone payment platform

Messaging app provider Line Corp. started Monday a new service that allows users to transfer money to bank accounts via its smartphone payment platform, a first for Japan in a crowded market.Other mobile payment service providers in the country have enabled transfers between individuals using the same payment platform but Line allows its Line Pay users to remit money to bank accounts held by nonusers of the service, including those belonging to companies.The daily limit for transfers was set at 100,000 yen ($920) with a fee of 176 yen for every remittance. Transfers can be executed simply b…READ FULL ARTICLE