BANGKOK -- Thai mobile carrier Advanced Info Service will integrate its digital payment arm with the local counterpart of Japan-based chat app operator Line, as well as form a capital link through an investment announced Monday.
The subsidiary behind the carrier's payment platform, mPay, will spend 787 million baht ($25.1 million) for a 33% stake in Rabbit Line Pay, the joint venture between Line's mobile payment business and a Thai smart-card company. Existing mPay users will be moved to the Rabbit Line Pay platform, through which AIS subscribers also will be able to pay their phone bills.
Rabbit Line Pay boasts about 3 million users. The service lets customers pay fares on Bangkok's elevated train network and make purchases at 9,000 stores including fast food purveyor McDonald's.