Japan's Line inks fintech deals with Mizuho, Tencent in hunt for alternative growth avenues

Japan's Line inks fintech deals with Mizuho, Tencent in hunt for alternative growth avenues

Photographer: Kiyoshi Ota/Bloomberg

Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group Inc and also partner China’s Tencent Holdings Ltd to offer mobile payment services – plans which saw its stock rise 13 percent on Tuesday.

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