2 Telcos Added to LINE Financial

2 Telcos Added to LINE Financial Taiwan’s Internet-Only Banking License Application

TAIPEI, Taiwan – November 21, 2018 – LINE Financial Taiwan today announced two telecoms are joining the consortium it is forming to apply for an internet-only banking license in Taiwan. The final two members, Far EasTone Telecommunications and Taiwan Mobile, will each take a 5 percent stake in the new venture.

The telecoms join the four banks that were announced last week: Taipei Fubon Commercial Bank, CTBC Bank, Standard Charters Bank (Taiwan) Limited and Union Bank of Taiwan. The final breakdown of the application consortium is: LINE Financial Taiwan with a 49.9 percent stake, the banking partners with a combined 40.1 percent stake, and the telecoms with a 10 percent stake… https://linecorp.com/th/pr/news/global/2018/29

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