「PG Multi-Payment Service」
Providing multi-currency payment to EC businesses expanding overseas
~ Credit card payment compatible with 21 types of overseas currencies is now possible~

GMO Internet Group develops non-face-to-face credit card payment processing business GMO Payment Gateway, Inc. (TSE Part: Securities code 3769 Headquarters: Shibuya-ku, Tokyo, President & Chief Executive Officer: Issei Ainoura hereinafter referred to as "GMO-PG") Sumitomo Mitsui Card Company, Limited (Headquarters: Minato-ku, Tokyo, President & Chief Executive Officer: Hideo Shimada, hereinafter referred to as Sumitomo Mitsui Card) PG Multi-Payment Service On Friday, May 1, 2015, we launched the Multi-currency credit card payment service (hereinafter referred to as "multi-currency payment"), which allows overseas purchasers to pay by credit card at a price in the local currency.
By introducing this payment service, e-commerce businesses will be able to sell goods and services to overseas buyers by displaying prices in the local currency of the country.

In recent years, as purchasing products on the Internet has become more common worldwide, Japan subcultures represented by anime and manga, as well as online shops selling traditional products from all over Japan, are attracting a lot of attention from overseas.
However, in many Japan domestic online stores, Credit card payment only supports Japan yen, and it was not uncommon for buyers who accessed from overseas to postpone purchases because they could not immediately check the payment amount in the local currency.
Therefore, GMO-PG has partnered with Sumitomo Mitsui Card to provide payment multi-currency payment that supports 21 types of overseas currencies in order to improve the convenience of overseas purchasers in online stores and prevent opportunity losses for e-commerce businesses. This payment service will be provided as one payment method of "PG Multi-Payment Service" for domestic e-commerce businesses.
By introducing multi-currency payment, e-commerce businesses will be able to offer Credit card payment in local currencies to overseas markets with a population of more than 4 billion people (*1) in 44 countries and regions around the world. In addition, overseas buyers can enjoy online shopping at the amount displayed in the local currency without worrying about exchange rate fluctuations.

(*1) The number of countries and regions where the 21 types of foreign currencies corresponding to the "Multi-currency credit card payment Service" are in circulation, and the total population of the relevant countries and regions. According to our research.

GMO-PG is a multi-currency payment service that supports 21 types of overseas currencies, mainly in Europe, the United States, and Asia, Credit card payment services. For domestic e-commerce businesses who wish to introduce Credit card payment in foreign currencies, we will provide it as a payment method of "PG Multi-Payment Service".
E-commerce merchants can easily deploy and operate multi-currency payment as well as adding other payment method such as CVS Payment and Cash On Delivery payment. This allows you to offer Credit card payment in local currency to international customers, which can expand your sales area into overseas markets and increase sales.

<Service Overview> (as of May 1, 2015)

（URL: http://www.gmo-pg.com/service/multi_currency）

Since October 2013, GMO-PG has been supporting the overseas expansion of e-commerce businesses by providing "GMO-PG Global Payment," which allows Japan e-commerce businesses with overseas subsidiaries to use Credit card payment and local payment method in local currencies. With the launch of "PG Multi-Payment Service", we will actively support the operation of e-commerce sites by businesses in Japan Japan with an eye on overseas consumers.
GMO-PG will provide a wide range of overseas payment services to support the overseas expansion of various e-commerce businesses.

（URL: http://www.gmo-pg.com/overseas）

"GMO-PG Global Payment" is a overseas payment service for e-commerce businesses Japan establish overseas subsidiaries and aim for full-scale overseas expansion. In addition to Credit card payment in the local currency of each country, we provide payment method according to local needs, and have developed services in Singapore, Hong Kong, Malaysia, Taiwan, and Thailand (*2).
With GMO-PG Global Payment, GMO-PG provides support in Japanese from negotiations to operational support, and deposits sales proceeds in the local currency of each country where the service is used, so EC businesses that are expanding overseas for the first time can use it with confidence.
In addition to providing payment services, we also work with local businesses in each country to propose optimal solutions for overseas expansion in logistics, promotions, marketing, etc., which are necessary for conducting e-commerce business.

（URL: http://www.gmo-pg.com/service/gmo-pg-global-payment）

(*2) When using this service by a corporation in Japan, it will be provided to the extent that it does not conflict with restrictions on cross-border transactions of credit card brands or the laws of overseas countries.

GMO Payment Gateway is available to more than 54,000 merchants (as of March 2015 of the GMO Payment Gateway Group), including non-face-to-face sales businesses such as online shops, SNS, and content developed on smartphones, businesses that charge monthly fees such as NHK and subscription, and public entity such as the Japan Pension Service and the Tokyo Metropolitan Government. We accept payment processing services including credit cards. We aim to provide a safe and convenient payment for consumers and businesses, and to be the infrastructure for Japan payment processes. As a leading company in the payment industry, we will drive innovation and contribute to improving the EC ratio of Japan.

GMO-PG (Company Profile)

URL : http://corp.gmo-pg.com/

GMO-PG (Service)

URL : http://www.gmo-pg.com/

TEL

+81-3-3464-0182

FAX

03-3464-2387

E-mail

ir@gmo-pg.com

TEL

+81-3-5456-2695

FAX

03-3780-2611

E-mail

pr@gmo.jp