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Hana Financial collaborates with Line Bank to launch internet-only bank in Indonesia
Hana Financial Group became in Southeast Asia to operate internet-only banking services with the launch of its LINE Bank in Indonesia through a partnership with Naver-affiliated Japanese messaging app provider, Line.
LINE Bank offers contactless banking, including a subscription to deposit savings products and utility bill payments.
It will soon expand its business portfolio with various loan programs.
Since Line Financial Asia acquired a 20 percent stake in PT. Bank KEB Hana Indonesia in 2018, Line and Hana Bank have worked to establish a digital banking platform in Indonesia by setting up digital finance divisions.
Hana Financial Group Chairman Kim Jung-tai expects the digital banking platform in Indonesia to Hana Financial’s customer base and enhances the group’s brand image.