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Wireless

Taiwan Mobile, FET to jointly launch web-based bank

Friday 23 November 2018 | 09:01 CET | News
Taiwan Mobile (TWM) and Far EasTone Telecommunications (FET) will join Line Financial Taiwan to establish the 'Line Bank' web-based banking institution. TWM will invest TWD 500 million (approximately USD 16.1 million) to take a 5 percent stake in Line Bank, DigiTimes reports, citing company president James Cheng. According to Cheng, the planned investment will enable TWM to tap fintech business optimizing its core telecom, big data and information security capabilities.

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Categories: Internet / Mobile & Wireless
Companies: Far EasTone / Taiwan Mobile
Countries: Taiwan
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