will relocate to each operating company's site.
6 Mar 2015
GMO Epsilon, Inc.
GMO Epsilon, Inc. (Headquarters: Shibuya-ku, Tokyo, President & Chief Executive Officer: Yusuke Arai, hereinafter referred to as "GMO-EP"), a consolidated company of GMO Payment Gateway, Inc. in the GMO Internet Group, launched "GMO Epsilon transaction lending," an online lending service for e-commerce businesses, on Thursday, March 5, 2015.
"GMO Epsilon transaction lending" is payment processing industry 's first online loan service that allows GMO-EP to make credit decisions based on the daily transaction data of e-commerce businesses and provide loans in as little as five business days from the time of inquiry. E-commerce businesses using GMO-EP's payment processing services can calculate the loan limit and interest rate with a single click, check the loan conditions, and apply for the loan.
【Background】
In recent years, the size of the e-commerce market in Japan Japan has continued to grow rapidly, increasing by 17.4% year-on-year to 11.2 trillion yen (*1) as of 2013, against the backdrop of the diversification of services such as subscription commerce (subscription), instant carts, and CtoC (sales and sales transactions between individuals). In addition, the number of SME and sole proprietors entering the e-commerce business is increasing, and it is expected that the demand for differentiation among e-commerce businesses and quick financing to gain a foothold for new entrants is expected to increase in the future.
However, current corporate loans in Japan require the submission of financial statements and collateral, and it generally takes several weeks to review, making it difficult for e-commerce businesses seeking quick financing to obtain loans. On the other hand, in order to support the growth of e-commerce businesses overseas, a new online lending service has been launched that assesses the creditworthiness of e-commerce merchants using e-commerce marketplace store opening data, commercial statistics, and social profiles of companies, etc., creating an environment where it is easy to obtain loans.
Against this backdrop, GMO-EP has launched an online lending service, GMO Epsilon transaction lending, to enable Japan e-commerce businesses to raise funds quickly. GMO-EP will provide loans that do not require collateral or guarantors to support the growth of e-commerce businesses.
(*1) Source: Ministry of Economy, Trade and Industry "Market Research on E-Commerce in 25 Fiscal Year"
About GMO Epsilon transaction lending
"GMO Epsilon transaction lending" is an online loan service that allows you to obtain a loan in as little as 5 business days from the time of application. Since we conduct our own examination based on the daily transaction data for EC businesses using GMO-EP payment processing services, there is no need to prepare financial statements, collateral, or guarantors at the time of application. In addition, since repayment is automatically repaid from the sales amount deposited to the EC business through payment processing services from the month following the application, EC business operators do not need to visit financial institution and can receive loan services with peace of mind without worrying about missing repayments.
The maximum interest rate for loans under the Money Lending Business Act is 15.0%~20.0%, but this service is up to 12.0% (annual rate), so you can use it at a low interest rate even for small loans.
In the future, GMO-EP will further expand its services and support the smooth cash flow of e-commerce businesses.
＜Flow of "GMO Epsilon transaction lending "＞
<Service Overview>
| Loan Eligibility | Corporate e-commerce businesses using GMO-EP's payment services (*2) |
|---|---|
| Loan Amount | ¥300,000～¥50,000,000 |
| Lending Interest Rate | 3.5％～12.0％（annual rate） |
| Method of repayment | Equal repayment of principal and interest (*3) |
| Repayment period / number of repayments | 6 months (6~12 times) |
| Late Fee | 20.0％（annual rate） |
| URL | http://www.epsilon.jp/service/lending.html |
(*2) In the future, we are considering making individual e-commerce businesses eligible for loans.
(*3) A general repayment method in which the same amount is repaid every month.
[About the 1% interest rate preferential campaign]
To commemorate the launch of the "GMO Epsilon transaction lending" service, we will hold a campaign with a 1% discount on interest rates.
| Application Period | Thursday, March 5, 2015 ~ Tuesday, March 31, 2015 |
|---|---|
| Target | EC businesses that have applied for "GMO Epsilon transaction lending" during the application period (*4) |
| Overview | GMO Epsilon transaction lending will offer a 1% discount on the annual interest rate calculated based on the daily transaction data of the EC operator. |
*4 In order to apply for GMO Epsilon transaction lending, a payment processing services corporate contract of GMO-EP is required.
About GMO Epsilon, Inc. (URL: http://www.epsilon.jp/)
GMO-EP is a payment processing services provider with no initial costs or transaction processing fees (*5). As of the end of December 2014, 27,122 e-commerce stores are using the service.
Just by contract GMO-EP, you can use various payment method and delivery services such as "Epsilon" Credit card payment, CVS Payment, E-wallet, smartphone carrier payment, etc. at once, without the need to build a system for each payment company. Since the product price collected from the buyer and the freight settlement for delivery are also carried out in one go, it is possible to save a lot of time and cost. In addition, TSE is a member of the GMO Internet Group, which is a partially listed company, and the security standards of the system comply with PCI DSS and ISMS, making it an environment that EC businesses can use with peace of mind.
(*5) Transaction processing fee is a fee charged for each communication with a credit card company, such as credit card authorization (obtaining an authorization number) and billing.
Media Inquiries
GMO Payment Gateway, Inc. Corporate Value Creation Strategy Division Investor Relations & Public Relations Group
- TEL
-
+81-3-3464-0182
- FAX
-
03-3464-2387
- ir@gmo-pg.com
GMO Internet, Inc. Group Public Relations Investor Relations Department Ishii & Shimada
- TEL
-
+81-3-5456-2695
- FAX
-
03-3780-2611
- pr@gmo.jp
Inquiries about our services
GMO Epsilon, Inc.
- TEL
-
03-3464-6211
- FAX
-
03-6415-6756
- support@epsilon.jp
【GMO Epsilon, Inc.】 （URL: http://www.epsilon.jp/）
| Corporate Name |
GMO Epsilon, Inc. |
|---|---|
| Location | 1-14-6 Dogenzaka, Shibuya-ku, Tokyo Humax Shibuya Building |
| Representative | President & Chief Executive Officer Yusuke Arai |
| Business Description | ■ Online sales payment processing company, payment collection agency and operations incidental to them |
Money Lending Business Registration number: Governor of Tokyo (1) 31557
【GMO Payment Gateway, Inc.】 （URL: http://corp.gmo-pg.com/）
| Corporate Name |
GMO Payment Gateway, Inc. (TSE First Section Securities Code: 3769) |
|---|---|
| Location | 1-14-6 Dogenzaka, Shibuya-ku, Tokyo Humax Shibuya Building |
| Representative | President & Chief Executive Officer Issei Ainoura |
| Business Description | ■ payment processing services such as credit cards and ancillary services |
Money Lending Business Registration number: Governor of Tokyo (3) 30802
【GMO Internet, Inc.】 （URL: http://www.gmo.jp/）
| Corporate Name | GMO Internet, Inc. (TSE First Section Securities Code: 9449) |
|---|---|
| Location | Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo |
| Representative | Chairman and CEO / Group Representative Masatoshi Kumagai |
| Business Description |
■Internet infrastructure business |