Taiwan: LINE Pay Posts Record NT$6.43 Billion Revenue as Wallet Users Top 4.5 Million
LINE Pay, one of Taiwan’s biggest mobile payment brands, has reported record revenue for the third quarter and for the first nine months of 2026. Sales keep climbing, but a currency loss cut its quarterly profit, which shows how thin the margins in digital payments can be.
Key facts
- Revenue for January to September 2026 reached NT$6.433 billion (New Taiwan dollars), a record for the period and 13% higher than a year earlier.
- Third-quarter revenue was NT$2.206 billion, the highest for any single quarter, up 9.5% year on year and 3.6% from the second quarter.
- Nine-month net profit rose 6% to NT$435 million, or earnings of NT$6.09 per share.
- Third-quarter net profit fell to NT$140 million, which the company blamed mainly on foreign exchange losses outside its core business.
- Its e-wallet arm, LINE Pay Money, now has more than 4.5 million users.
What the numbers show
LINE Pay is listed on the Taiwan stock market under the code 7722. Its payment service runs inside the LINE messaging app, which is widely used in Taiwan.
The core business is still growing. Operating profit, which measures earnings from day-to-day operations, rose to NT$166 million in the third quarter. That was 3% higher than the previous quarter and 6% higher than a year earlier, with an operating margin of about 7.5%. In simple terms, the company keeps about NT$7.50 of operating profit from every NT$100 of revenue.
The weaker bottom line came from outside the payments business. Net profit for the quarter dropped by about 22% from a year earlier because of foreign exchange losses. Earnings per share were also diluted because the company issued extra shares as a stock dividend, so the same profit is now spread across more shares. LINE Pay said promotion spending and one-off verification costs are gradually coming down.
Why it matters
The group works on two levels. LINE Pay collects payments on behalf of merchants, while its subsidiary LINE Pay Money is an electronic payment institution, a type of licence overseen by Taiwan’s Financial Supervisory Commission (FSC). That is what lets the wallet hold stored value and let users send money to each other, not just pay at the till.
LINE Pay is now pushing to make the wallet part of daily life rather than just a way to pay at checkout. Recent moves include:
- Transport: rewards for commuters who use its QR code to pay for public transport.
- Family and friends: money transfers between friends, family use and offers for opening accounts for minors.
- Engagement: a game-style deals platform launched in August, which the company said doubled its monthly interactions from the month before in both September and October, plus an augmented-reality (AR) feature on its deals map.
- Travel: cashback of up to 25% at popular spots in South Korea, and a wider partnership with beauty retailer Olive Young that now covers its global website as well as its shops in Korea.
For the region, the results are a useful reminder that a payment business built on a popular messaging app can grow steadily, but profits depend on keeping marketing costs under control. Many wallets across Asia face the same test as they move from heavy cashback campaigns towards steady, everyday use.
What to watch
- Whether fourth-quarter spending picks up as expected. LINE Pay is counting on department store anniversary sales, online shopping festivals and strong overseas travel demand.
- Whether currency swings keep hitting net profit, even while operating profit grows.
- How fast LINE Pay Money grows beyond 4.5 million users as it pushes into transport and family payments.
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Sources: United Daily News (November 2026) · ETtoday Finance (November 2026)
