iPASS MONEY and LINE Pay announce separation at the end of the year
The two giants in Taiwan's electronic payment field, "iPASS MONEY" and "LINE Pay", announced yesterday (7/2) that they will terminate their partnership by the end of this year. The sudden separation is expected to affect nearly 7 million users.
The iPASS MONEY company stated that starting from January 1, 2026, all iPASS MONEY functions currently existing in the LINE Pay wallet will be smoothly transferred to the "iPASS MONEY" independent APP, and new download and registered users will also be able to enjoy exclusive gifts.
Why did they split up? It’s related to LINE Pay’s bid for a payment license!
The main reason why iPASS MONEY and LINE Pay are separating is that LINE Pay is actively applying for an electronic payment business license.
According to a report by United News Network, Ding Xiongzhu, chairman of LINE Pay, once revealed that the two sides had close consultations to ensure that the user conversion process was "unimpeded". Once LINE Pay obtains approval to operate electronic payment, both platforms will move towards independent operation in accordance with relevant regulations.
The iPASS company also explained that the separation is intended to enhance the autonomy of iPASS electronic payment and further optimize the user experience.
What impact will the separation of iPASS MONEY and LINE Pay have on users?
For users who frequently use LINE Pay, the most direct impact is that the iPASS MONEY function currently used in the LINE Pay wallet will be fully transferred in the future.
The iPASS MONEY company stated that services including bill payment, fund storage, balance withdrawal, friend transfer, and daily payment will all be provided by the "iPASS MONEY" APP starting from January 1, 2026.
Although the iPASS MONEY function will be removed from the LINE Pay wallet, the card company emphasized that users can still use the transfer function normally on LINE before the end of this year.
In the future, users only need to download the "iPASS MONEY" APP, log in with their mobile phone number or login ID, and click "LINE Friend Transfer" to continue transferring money to LINE friends.
Changes and adjustments related to the separation of iPASS MONEY and LINE Pay
For the changes and adjustments related to the separation of iPASS MONEY and LINE Pay, please refer to the following iPASS MONEY official summary:
Changes and adjustments to various services
Phase time function adjustment and change announcement period starts from now - 2025/12/31
All user functions and services of iPASS MONEY in the LINE Pay wallet will be discontinued on December 31, 2025.
The pay.line.me merchant registration service will stop accepting merchant registrations starting July 3, 2025, and new merchant registrations will be fully transferred to the Yikatong "Merchant Zone" service.
User services will be completely transferred on 2025/12/31. All user functions of iPASS MONEY in LINE Pay will be discontinued. Merchant services will be completely transferred before 2026/9/30. Transactions related to LINE Pay "QR Code" and "Payment Code", pay.line.me returns and account inquiry related functions will be discontinued before the end of September 2026.
What functions and benefits does the iPASS MONEY independent app have?
According to (CTWANT), after the function transfer, the iPASS MONEY independent APP not only inherited all the original core services, but also added a number of advanced functions.
The app will cover more than 8,000 daily payment items, fully support the TWQR common payment code, integrate physical stored-value card functions, have a unique "One Card Green Dot" feedback mechanism, and launch small-value cross-border remittance services for migrant workers in four countries.
The iPASS MONEY APP will be able to support TWQR scan code payment, provide migrant worker remittance services, be used for public transportation, and store digital tickets issued by the government.
To encourage users to transfer smoothly, iPASS MONEY has launched a preferential plan: from now until July 31, any user who downloads and registers the iPASS MONEY APP for the first time and completes any LINE friend transfer will receive 100 iPASS green points in rewards.
iPASS MONEY and LINE Pay split up, opening up a new market for e-payment
As the partnership between the two parties comes to an end, the competition between LINE Pay and iPASS MONEY in Taiwan's electronic payment market will become more intense.
LINE Pay is actively seeking a license for its electronic payment business, with the goal of obtaining approval and commencing operations this year. iPASS MONEY has already made arrangements in advance. Starting from July 3, the registration service for new partner merchants has been fully transferred to the "Merchant Zone" of the iPASS official website, which is different from LINE Pay's previous merchant registration path.
(United Daily News) According to the report and analysis, although the user services of LINE Pay and iPASS MONEY will only be officially transferred at the beginning of next year, the two parties have accumulated millions of users together over the years. Faced with the continuous entry of new competitors into the market, a fierce battle for users and merchants has already begun.
"iPASS MONEY and LINE will separate at the end of the year! Friend transfer and payment functions will affect one-time viewing" This article was first published in "Crypto City"