Hokuriku Bank of Hokuhoku FG
Provision of bank account-linked smartphone-based payment service "Ginko Pay" as a system
~ In addition to The Bank of Yokohama, Fukuoka FG, Resona Group, Japan Post Bank, Okinawa Bank,
Hokuriku Bank and Hokkaido Bank can use it interchangeably~

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. Hokuriku Bank, Ltd. (Representative Director & President: Einobu An, hereinafter referred to as "Hokuriku Bank") of the Hokuhoku Financial Group. Hokuriku Bank Director & President plans to roll out its own smartphone-based payment service "Hokuhoku Pay" utilizing the Ginko Pay platform system in the first half of FY2019 (April ~ September Ginko Pay). At the same time, we announced today that we will provide a platform system.

"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 the banks that have introduced the service, in addition to The Bank of Yokohama, Fukuoka Financial Group (Fukuoka Bank, The Kumamoto Bank, Shinwa Bank), and the three Resona Group banks (Resona Bank, Saitama Resona Bank, Osaka Bank), Japan Post Bank, and Okinawa Bank, which are already developing services, Any member branch of the Hokuhoku Financial Group (Hokuriku Bank and Hokkaido Bank) will be able to use "Ginko Pay" across banks and regions.

*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").
GMO-PG has decided to provide the Ginko Pay platform system to Hokuriku Bank. Hokuriku Bank plans to develop its own smartphone-based payment service "Hokuhoku Pay" utilizing the Ginko Pay platform system in the first half of FY2019 (April ~ September). As announced separately today, the Ginko Pay platform system will also be newly provided to the Bank of Hokkaido (reference URL: https://corp.gmo-pg.com/newsroom/press/gmo-paymentgateway/2019/0208-02.html).

*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 with 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 (MPM: Merchant Presented Mode) or payment Ahead" All you have to do is check in" and enter your PIN, and the payment will be debited from your bank account and the 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 February 8, 2019)

*3 Reference: October 5, 2016 announcement "First Joint Development of smartphone-based payment Service Linked to The Bank of Yokohama Accounts for the First Time in Japan"
（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 (CPM: Consumer Presented Mode) that reads the QR code or barcode displayed on the user's smartphone with the QR code or barcode reader of the merchant. Please note that depending on the smartphone app of each bank, the corresponding payment reading method may differ.