GMO-PG Enhances Payment Methods for Overseas Payment Processing Service "Z.com Payment"Expansion of payment method of overseas payment service "Z.com Payment"
Responding to the high demand for "convenience store pickup payment" in Taiwan EC

GMO Internet Group GMO Payment Gateway, Inc. (TSE part: Securities code 3769, President & Chief Executive Officer: Issei Ainoura hereinafter referred to as "GMO-PG"), which develops comprehensive payment-related services and finance-related services), is a overseas payment service "Z.com Payment" for Japan EC businesses. From November 22, 2016 (Tuesday), we will offer "Convenience Store Pickup payment," which allows you to receive products and payment at convenience stores at the same time.
In Taiwan, which is one of the countries and regions where "Z.com Payment" provides services, CVS Payment (*1) is used more often than Credit card payment in e-commerce use (*2), so in addition to the already provided "Credit card payment" and "CVS Payment (payment only)", a new "convenience store pickup payment" " has been added. This will allow businesses to develop e-commerce sites for Taiwan to cover the payment needs of their buyers and reach even more buyers.

There are two types of CVS Payment in Taiwan: one is to receive and pay for the product at a convenience store, and the other is to pay only at a convenience store.
(*2) Source: "2015 Visa e-commerce consumer mediation" released on November 17, 2015.

▲ Created by GMO-PG based on the "2015 Visa E-Commerce Consumer Reconciliation" announced on November 17, 2015

Taiwan's BtoC e-commerce market continues to grow by double digits every year, and is expected to grow further in the future, with it expected to reach approximately 2.5 trillion yen (*3) in 2016. In addition, Taiwan is one of the easiest regions for Japan companies to expand overseas, due to its proximity to Japan and high logistics convenience, as well as its culture and customs similar to Japan.

Against this backdrop, in March 2014, GMO-PG established a branch office of a Hong Kong subsidiary in Taiwan to support the entry of Japan e-commerce businesses into Taiwan, and provides the overseas payment service "Z.com Payment". In August 2015, we formed a business and capital alliance with Neweb Technologies Co., Ltd., a major Taiwanese payment processing company company, to accelerate our business development in Greater China.
"Z.com Payment" provides payment method such as "Credit card payment", which is the most used in Taiwanese e payment-commerce, as well as "CVS Payment (payment only)" for e-commerce businesses Japan CVS Payment. We will add the following.
As a result, e-commerce businesses will be able to present "convenience store pick-up payment" to buyers as a payment method of their e-commerce sites for Taiwan, and it is expected to acquire a buyer base that they could not reach so far.

*3 Source: Calculated by GMO-PG based on information from Euromonitor, Taiwan Institute of Industrial Informatics, etc.

The "Convenience Store Pickup payment" added to "Z.com Payment" allows customers to receive items purchased on the e-commerce site and payment the price at a convenience store (*4) at the same time payment. When the product arrives at the designated convenience store, the buyer will receive an SMS notification, so the buyer will pick up the product at the convenience store and payment it.

<"Convenience store receipt and payment" flow chart in Taiwan>

■ Benefits for buyers

・Unlike cash on delivery, you can pick up and payment products at any time (*5) for 24 hours.
・ It is possible to specify a convenience store that is convenient for the purchaser, such as near home or work, as the recipient of the product.

■ Advantages of EC businesses

・ "Buyers who do not use credit cards", "Buyers who are rarely at home during the delivery time of the product" who could not be compensated by cash on delivery, and "Buyers who shy away from direct contact with couriers" can be newly captured.
・By expanding the reach of Taiwanese buyers, an increase in sales can be expected.

*4 Convenience stores that have partnered with Neweb Technologies Group, which has a business alliance to provide "Z.com Payment" in Taiwan, are eligible.
(*5) "Convenience Store Pickup payment" requires that you pick up the item within about one week after it arrives at the convenience store.

"Z.com 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 we are currently expanding our services in Singapore, Thailand, Malaysia, Hong Kong, and Taiwan ^(*6).​
With Z.com Payment, GMO-PG provides Japanese support from negotiation to operation, and deposits sales proceeds in the local currency of the country where the service is used, so even e-commerce 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.

(*6) It will be provided to the extent that it does not conflict with restrictions on cross-border transactions of credit card brands and the laws of overseas countries.

GMO-PG provides comprehensive payment-related services to 77,256 merchants (as of September 2016 of the GMO-PG Group), including online businesses such as online shops and digital content, businesses that charge monthly fees such as NHK and subscription, and public entity stores such as the Japan Pension Service and the Tokyo Metropolitan Government.
Focusing on payment services, we provide value-added services such as web advertising services that contribute to improving the sales of merchants, finance-related services such as loans to support the growth of merchants from the financial side, and overseas businesses such as the provision of overseas payment services, resulting in an annual Transaction value of approximately 2 trillion yen.
GMO-PG aims to provide a safe and convenient payment for consumers and businesses, and to become the infrastructure for the payment process. As a leading company in the payment industry, we will continue to lead new innovations such as FinTech 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/