Providing the Bank of Okinawa with a smartphone-based payment service linked to a bank account "Ginko Pay" system
~ The Bank of Yokohama, Fukuoka FG, Resona Group, Japan Post Bank, and Okinawa Bank can now use each other~

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, is a "Ginko Pay" (formerly known as a smartphone-based payment linked to a bank account. The Bank of Okinawa, Ltd. (Director & President: Masayasu Yamashiro, hereinafter referred to as "The Bank of Okinawa"). The Bank of Okinawa plans to roll out its own smartphone-based payment service, OKI Pay, which utilizes the Ginko Pay platform, by March 2019.

"Ginko Pay" is a service that allows users who have an account with a bank that has introduced the system to immediately make payment such as direct debit from a smartphone app when shopping at a member store ^(*1). Since it also supports mutual cooperation (multi-bank) between banks that have introduced the service, The Bank of Yokohama has already developed the service, Fukuoka Financial Group (Fukuoka Bank, The Kumamoto Bank, Shinwa Bank), and the three Resona Group banks (Resona Bank, Saitama Resona Bank, Osaka Bank) and Japan Post Bank, which are scheduled to be introduced. Ginko Pay" will be available.

*1 Merchants that have signed an agreement to use Ginko Pay with any of these banks

Even with the recent global spread of cashless payments, in Japan, cashless payments only made up 20% of all payments in 2016, relatively low compared to other countries. This has pushed the government to undertake various initiatives^*2 in order to raise this to approximately 40% by 2025. Under such an environment, Japan's banks and other financial institutions are exploring new business opportunities with the aim of further promoting the use of cashless payments.

In order to support the cashless use of such financial institution, GMO-PG provides a platform system of "Ginko Pay" that allows immediate direct debits from a smartphone app in conjunction with a bank account, and is being introduced or planned to be introduced in the following financial institution (see "About Ginko Pay").
Ginko Pay The Bank of Okinawa plans to roll out its own smartphone-based payment service, OKI Pay, that utilizes the Ginko Pay platform system by March 2019.

*2 From the Ministry of Economy, Trade and Industry "Cashless Vision" announced in April 2018. The definition and ratio of cashless payment are based on the announcement.

GMO-PG provides the Ginko Pay, which was jointly developed with The Bank of Yokohama in 2016 ^(*3) It is a service that allows you to payment by debiting your bank account immediately from the smartphone app. Users who have an account at a bank that has introduced "Ginko Pay" can download the smartphone app for users and register their account in advance to scan the QR code displayed on the merchant's tablet terminal or smartphone when shopping at a member store. payment Just "check in" and enter your PIN. Your bank account will be debited and your payment will be completed.^（※4）
financial institution can not only be deployed as Ginko Pay a bank's own smartphone-based payment service, but can also be provided as a service that can be used across banks and regions through mutual cooperation (multi-bank) between the introducing banks.

Currently, we are introducing and planning to introduce it in the following financial institution. (As of January 21, 2019)

*3 Reference: October 5, 2016 announcement "First Japanese Bank to Jointly Develop smartphone-based payment Service Linked to The Bank of Yokohama Accounts"
（URL：https://corp.gmo-pg.com/newsroom/press/gmo-paymentgateway/2016/1005.html）
(*4) As a method of reading payment time, we are planning to support a method of scanning the QR code displayed on the user's smartphone with a tablet terminal or smartphone of a member store in the near future. Please note that the corresponding payment method may differ depending on the smartphone app of each bank.