Soft Space社と提携し、
端末レスによるNFCタッチ決済サービスを本格提供開始

GMO Financial Gate, Inc. (President & Chief Executive Officer: Kentaro Sugiyama, hereinafter referred to as "GMO-FG"), a consolidated company of the GMO Internet Group's GMO Payment Gateway, Inc. that develops payment processing business services such as face-to-face credit cards, has announced that it has entered into a Malaysian fintech company that provides payment solutions in Asia, Soft Space Sdn. Bhd. ( Headquarters: Kuala Lumpur CEO: Joel Tay (hereinafter referred to as "Soft Space"), we will provide a full-scale terminal-less payment service that does not require a dedicated payment terminal from today, Friday, December 25, 2020.
This service is made possible by linking GMO-FG's payment network with Soft Space's "Fasstap" service, which supports NFC ^(*1) touch payment by simply installing a dedicated application on a commercially available tablet or smartphone.
By introducing this service, there is no need for the installation cost of cashless payment compatible terminals or equipment maintenance costs, so it is possible for the introducing business operator to support cashless payments at a reduced cost. As a result, it is expected to create new payment scenes, such as promoting MaaS (Mobility as a Service) for transportation operators and adding payment functions to tablets used in restaurants. In addition, the payment Center and "Fasstap" operated by GMO-FG comply with the regulations set forth by the PCI SSC ^(*2), ensuring a high level of security.

• *1 An abbreviation for Near Field Communication, which is a communication standard that uses a contactless IC chip and allows communication to be communicated simply by holding it up.
• *2 PCI SSC is an independent organization established by international card brands that is responsible for the management and operation of credit card security standards such as PCI DSS.

The Japan government has set a goal of increasing the ratio of cashless payment in Japan, which is currently only about 20%, to about 40% by 2025, and to about 80% in the future ^(*3)。 In addition, with the recent spread of the new coronavirus infection, contactless services using digital technology are attracting attention, and cashless payment is expected to become more widespread in the future. In light of this situation, businesses are required to support cashless payment.
GMO-FG is a "multi-payment terminal solution" that enables support for a variety of payment method while integrating the payment terminal, card reader, and pin pad into a single device, and an "embedded payment solution" that enables payment with IC cards by incorporating it into various devices. By providing the "payment Center Solution" by operating the payment Center that customers can use with peace of mind, we support the cashless operation of all industries and business categories.
Soft Space, on the other hand, provides solutions to support the infrastructure of the finance industry and scale business growth, with more than 24 financial institution in 10 countries adopting its payment solutions. Soft Space offers "Fasstap" that supports NFC touch payment simply by installing a dedicated application on a commercially available tablet or smartphone.
GMO-FG has partnered with Soft Space to provide a terminal-less payment service that does not require a dedicated payment terminal in order to promote cashless payment solutions in various markets in Japan and to contribute to the promotion of cashless usage rates.
As a result, businesses that have introduced this service do not need to pay for the installation of dedicated terminals or equipment maintenance, making it possible to easily support cashless payment at a low cost.

• (*3) Ministry of Economy, Trade and Industry "Current Status and Significance of Cashless Payments" (January 2020)
  URL：https://www.meti.go.jp/policy/mono_info_service/cashless/image_pdf_movie/about_cashless.pdf

Comment from Joel Tay, CEO, Soft Space Sdn. Bhd.
Soft Space is grateful to be part of the driving force that drives the Japan payment market forward through its partnership with GMO-FG. We understand that Japan is seeing an increase in the adoption of cashless payments, especially contactless payment. We believe that through this partnership, GMO-FG's Japan will be able to expand the use of our payment solutions and establish our presence by leveraging our nationwide coverage, and we will be able to provide our payment solutions to various markets.

■ GMO Financial Gate, Inc. President & Chief Executive Officer Kentaro Sugiyama Comments
In the recent Corona disaster, we have taken the promotion of cashless payment as a social demand, and we are honored to have formed an alliance with Soft Space, which has strengths in contactless payment technology. By quickly responding to the diversifying needs of merchants and providing a safe and secure cashless platform, we will contribute to the growth of the Japan payment market.

Founded in 2012, Soft Space provides solutions to support the infrastructure of the finance industry and scale business growth, with more than 24 financial institution in 10 countries adopting payment solutions.
Soft Space offers "Fasstap" that supports NFC touch payment by simply installing a dedicated application on a commercially available tablet or smartphone. As an example of the introduction of Fasstap, we are providing solutions to fare collection system providers to realize cashless payments at transportation operators as part of the promotion of MaaS (Mobility as a Service) in Japan. The system built by the company is used in tablets with Android OS used on highway buses, and uses Soft Space's technology to add a function to accept NFC touch payment, contributing to smooth fare payment. In addition, we are working to create new payment scenes, such as adding a payment function to tablets for table ordering at restaurants.