Providing the Bank of Hiroshima with a smartphone-based payment service linked to a bank account "Ginko Pay" system
~Mutual use is possible with financial institution that supports multi-bank payment function (interbank intertransfer)~

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 in the GMO Internet Group, has installed the infrastructure system of "Ginko Pay" The Bank of Hiroshima, Ltd. (Representative Director & President: BEYA Toshio hereinafter referred to as Hiroshima Bank). The Bank of Hiroshima plans to roll out its own smartphone-based payment service utilizing the Ginko Pay platform system in the first half of FY2020 (April ~ September).

"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 the multi-bank payment function (mutual access between banks) that enables mutual cooperation between banks that have introduced this service, any member store of other banks' own smartphone-based payment service ^(*2) that utilizes the multi-bank compatible "Ginko Pay" platform system can use "Ginko Pay" across banks and regions. You can use it.

(*1) Merchants that have concluded a contract agreement with each bank to use "Ginko Pay"

(*2) The Bank of Yokohama, Fukuoka Financial Group (Fukuoka Bank, The Kumamoto Bank, Shinwa Bank), Japan Post Bank, Okinawa Bank, Hokuhoku Financial Group (Hokuriku Bank, Hokkaido Bank), and Hiroshima Bank's proprietary smartphone-based payment services utilizing the Ginko Pay platform system that they have developed or plan to deploy (as of September 13, 2019)

In recent years, the cashless payment ratio in Japan was 21.3% as of 2017, which is lower than that of other countries, so the Japan government is promoting various initiatives to go cashless with the aim of raising the ratio to about 40% by 2025 ^(*3)。 Against this backdrop, banks and other Japan financial institution are also considering new businesses to promote cashless payments.

In order to support the cashless use of such financial institution, GMO-PG provides a "Ginko Pay" platform system that allows immediate direct debits from a smartphone app in conjunction with a bank account, and has been introduced or is planned to be introduced in the following financial institution (see "About Ginko Pay").
GMO-PG has also decided to provide the Ginko Pay platform system to the Bank of Hiroshima, which plans to develop its own smartphone-based payment service utilizing the Ginko Pay platform system in the first half of FY2020 (April ~ September).

*3 From the "Cashless Roadmap 2019" announced in April 2019 by the Cashless Promotion Council. The definition and ratio of cashless payment are based on the announcement.
（URL：https://www.paymentsjapan.or.jp/wordpress/wp-content/uploads/2019/04/Cashless_Roadmap_2019.pdf）

GMO-PG provides the Ginko Pay, which was jointly developed with The Bank of Yokohama in 2016 ^(*4) It is a service that allows you to payment by debiting your bank account immediately from the smartphone app. financial institution not only can develop its own smartphone-based payment service that utilizes the Ginko Pay platform system, but it can also be provided as a service that can be used across banks and regions through the multi-bank payment function (interbank interoperability) that enables mutual cooperation between the introducing banks.
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 use the MPM (Merchant Presented Mode) method to read the QR code displayed on the merchant's tablet terminal or smartphone when shopping at a member store. The payment is deducted from the bank account using the CPM (Consumer Presented Mode) method, in which the QR code or barcode displayed on the user's smartphone is read by the merchant's QR code or barcode reader, and the payment is completed ^(*5).​

■ financial institution that have introduced or are planning to introduce the "Ginko Pay" platform system that supports multi-bank payment functions (mutual access between banks) (as of September 13, 2019)

*4 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）

(*5) The corresponding payment reading method may vary depending on the financial institution and merchant.

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