GMO-PG Introduces "Paid", a Deferred Payment Service for BtoB TransactionsIntroduced "Paid" for BtoB transaction buy now pay later payment
Launched the "payment Package for BtoB EC" that summarizes the optimal payment method for BtoB EC.
~Paid, Card payment, Virtual Account, Account transfer, etc. in one place~

GMO Internet Group's GMO Payment Gateway, Inc. (TSE partial: 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, will start offering the "payment Package for BtoB EC," which summarizes the optimal payment method for BtoB EC (business-to-business e-commerce), from today, January 24, 2017 (Tuesday).
In addition to the payment package for BtoB EC, in addition to the Credit card payment, Bank transfer (Virtual Account), and Account transfer with a set withdrawal date," the payment service "Paid" developed by Raccoon Co., Ltd. (President & Chief Executive Officer: Isao Ogata, hereinafter referred to as "Raccoon") dedicated to BtoB transactions (business-to-business buy now pay later transactions) service "Paid We will provide you.
Pre-registration for "Paid" will be accepted at GMO-PG from today, and will be available in April 2017.

While the BtoC EC (consumer e-commerce) market size in Japan was 13.8 trillion yen as of 2015, the BtoB EC (business-to-business e-commerce) market size is 288 trillion yen, which is about 20 times larger. In addition, the EC ratio, which indicates the degree of penetration of e-commerce, is significantly higher at 27.3% for BtoB EC compared to 4.75% for BtoC EC (*1). In this way, BtoB EC is becoming more widespread among companies and businesses developing BtoB businesses, mainly in corporate sales of parts and office supplies, wholesaling, purchasing, and web services, as it has advantages such as improving operational efficiency, reducing labor costs, and developing new sales channels that have never been seen before.
However, when companies conduct BtoB e-commerce on their own, hurdles such as the introduction of each payment method that responds to the high demand for buy now pay later and the problem of cash flow due to non-collection of payments are currently hurdles. Therefore, GMO-PG has launched the "payment Package for BtoB EC," which summarizes the payment method necessary for BtoB EC, in order to solve various issues faced by companies and businesses and support the e-commerce of BtoB transactions. In addition, in April 2017, we plan to add a new service called "Paid" provided by Raccoon that takes care of everything from credit management to payment collection generated by BtoB EC credit payment in this package.

As a result, BtoB EC businesses can easily introduce payment method in the package as needed, such as "Credit card payment", "Bank transfer (Virtual Account)", "Account transfer with a set withdrawal date", and buy now pay later payment by the newly added "Paid". In addition to efficient operation by centrally managing each payment method, GMO-PG integrates sales proceeds into deposits, reducing the time and effort required to manage deposits and withdrawals, and realizing a payment cycle that meets the cash flow needs of business operators.

GMO-PG will respond to the buy now pay later needs of both BtoC and BtoB EC in the BtoC EC area and support the shift to e-commerce in various industries by developing the "payment Package for BtoB EC" in addition to the "GMO Payment After Delivery" Payment After Delivery service for BtoC EC provided by its consolidated company GMO Payment Service, Inc..

(*1) Ministry of Economy, Trade and Industry From "27 Market Survey on E-commerce"

■ Providing the best payment method for BtoB EC

The "payment Package for BtoB EC" provides the following four payment method that are in high demand in BtoB EC. BtoB EC businesses can easily select the payment method required for their services by simply contract GMO-PG. In addition, complicated tasks that occur in each payment method, such as billing processing and management, and unification of billing formats, can be performed on a single management screen, thereby improving the efficiency of operations.

■ Customizable deposit cycle

Since GMO-PG unifies the payment of fees collected from business partners at each payment method, BtoB EC businesses can select the "number of closing times, closing dates, and due dates until payment" for each payment method from a predetermined number of times and days (*2).
As a result, it is possible to set a deposit cycle that best suits the company's cash flow needs, and it is possible to significantly shorten the deposit date, such as "daily closing" and "payment after 2 business days".

(*2) Please refer to the URL on the right for the prescribed number of times and days. URL：https://www.gmo-pg.com/service/mulpay/option/souki/

< available payment method >

<Image of using the "Paid" service>

Raccoon has set "making corporate activities more efficient and convenient" as its management principles, and is developing infrastructure services in the BtoB area. In addition to the BtoB Payment After Delivery service "Paid" that handles all billing operations on behalf of the company, we are also providing "Super Delivery," a wholesaling/purchasing site for fashion and miscellaneous goods, "T&G Accounts Receivable Guarantee," which solves problems for accounts receivable, and COREC, which streamlines orders and orders in the cloud, and we are increasing the transaction volume of each service.

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.

Paid

URL : http://paid.jp/

GMO-PG (Company Profile)

URL :https://corp.gmo-pg.com/en/

GMO-PG (Service)

URL :https://www.gmo-pg.com/en/