Brief: LY Corp: Termination Of Mobile Payment Service 'Line Pay' In Japan

LY

13/06/2024 07:10

June 13 (Reuters) - LY Corp  4689.T :
    * LY CORP - TERMINATION OF LINE PAY SERVICE IN JAPAN
    * LY CORP - WILL TERMINATE PROVISION OF MOBILE PAYMENT
SERVICE
'LINE PAY' IN JAPAN BY APRIL 30, 2025
    * LY CORP - 'LINE PAY' PROVIDED IN THAILAND AND TAIWAN ARE
NOT
SUBJECT TO THIS TERMINATION
    * LY CORP - DECIDED TO INTEGRATE PAYMENT SERVICES IN JAPAN
TO
'PAYPAY' AFTER CONSIDERING CHANGES IN BUSINESS ENVIRONMENT
SURROUNDING 'LINE PAY' AND OPTIMAL ALLOCATION OF MANAGEMENT
RESOURCES

Source text for Eikon:  ID:nTSrm80fba 
Further company coverage:  4689.T 

 (Reporting by Kantaro Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))