will relocate to each operating company's site.
25 Jan 2021
GMO Payment Gateway, Inc.
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 in the GMO Internet Group, will expand the scope of its Payment After Delivery service for services and contents, which it has been providing since May 2020 (hereinafter referred to as "Condo Pay byGMO Condo Pay").
First of all, from today, January 25, 2021, (Monday) will provide "Condo Pay" to the sports gifting service "Unlim" operated by the Athlete Flag Foundation (Representative Director: Shinji Shimada), which was established by mixi Co., Ltd. (President & Chief Executive Officer: Hiroki Kimura, hereinafter referred to as "mixi"). We will expand the scope of our offerings from traditional digital content and games to online donations. GMO-PG will continue to expand the scope of its Condo Pay services to include online services and content, as well as various face-to-face services and amusement services.
【Background and Summary】
The domestic buy now pay later payment market continues to expand steadily, increasing by 30% year-on-year to 572 billion yen in fiscal 2018 and is expected to reach 2 trillion yen in fiscal 2023 (*1)。 As the introduction of buy now pay later payment spreads, mainly in the field of e-commerce sales, GMO-PG has received requests from businesses that use the comprehensive payment service "PG Multi-Payment Service" to introduce buy now pay later payment for services and Thailand content.
In response to this, GMO-PG began offering "Condo Pay" in May 2020, which allows users to introduce buy now pay later payment as a means of payment for their services and contents. Condo Pay" means "payment by authenticating your phone number and email address" and "Usage fees are paid at convenience stores for the following month." It is a service that can be introduced by buy now pay later payment, and is mainly used by digital content and game operators.
In order to expand the usage of buy now pay later payment in the online domain and provide a more convenient payment environment for users, we have decided to provide "Condo Pay" to the online donation area from (Monday) January 25, 2021. In addition to the Credit card payment that GMO-PG has been providing for a long time, "Condo Pay" will also be available to the sports gifting service "Unlim" operated by the Athlete Flag Foundation, a general incorporated foundation established by mixi.
"Unlim" is a sports gifting service that allows individuals to financially support athletes and teams through foundations, and with the introduction of "Condo Pay", individuals (donors) who use "Unlim" will be able to support athletes and teams in a new form of donation through buy now pay later.
【About "Condo Pay byGMO"】
（URL：https://www.gmo-pg.com/service/condo-pay/）This is a Payment After Delivery service that GMO-PG has been providing since May 2020 mainly for service and content providers. Based on the concept of "buy now, pay now", it is possible to buy now pay later by "payment by authenticating your phone number and email address" and "Payment of usage fees at a convenience store the following month".
- ・ Since a telephone number and e-mail address are used for authentication at the time of payment, anyone with a smartphone can use it (*2).
- ・ There is no need for prior member registration, download of the dedicated application, and charge are unnecessary, and the screening result can be confirmed in real time as about 1 second, so you can use it immediately after passing the screening.
- ・ You can payment at a convenience store at any time during the next month by summarizing the usage amount for one month (total for all affiliated stores), so you can purchase even if you do not have cash at hand.
- ・GMO-PG bears the risk of non-collection, and GMO-PG will payment regardless of the user's payment status (*3).
- ・ You can expect to acquire a new layer of customers, including those who do not have credit cards.
- ・ Because it is a payment method that users can use easily and conveniently, a high purchase rate can be expected.
*2 There is a GMO-PG review for use. Depending on the screening results, it may not be available.
*3 Transactions that have passed through GMO-PG credit check and have been successfully completed are eligible.
[About the sports gifting service "Unlim"]
（URL：https://unlim.team）"Unlim" is a sports gifting service that allows individuals to financially support athletes and teams through foundations.
It was created to solve the two problems of realizing the various aspirations of athletes and teams, such as dispelling anxiety about funding for athletic activities and Thailand concentrating on performance, enlivening not only one's own activities but also sports and competitions themselves, Thailand Thailand contributing to society through sports, and creating a means to support them and connect the thoughts of Thailand Thailand fans. By using Unlim, athletes will be able to receive not only messages of support from fans, but also financial support.
Through Unlim, the Athlete Flag Foundation will contribute to creating connections between athletes, teams and fans and establishing a new culture of sports support.
* The Athlete Flag Foundation was established with the investment of mixi.
【GMO Payment Gateway】
We provide comprehensive payment-related services and finance-related services to more than 100,000 merchants, including online businesses such as online shops, NHK, National Tax Agency, and public entity in Tokyo.
With a focus on payment services, we provide value-added services that contribute to the growth of our merchants, as well as services that utilize finance technology to meet payment method and funding needs, and our annual Transaction value exceeds 5 trillion yen. (GMO-PG Consolidated Companies as of the end of September 2020)
As a leading company in the payment industry, we provide various payment and finance related solutions and platforms to business companies and financial institution that are promoting cashless and DX, and build infrastructure of payments. We are also promoting global expansion such as the development of payment-related services overseas and strategic investment and financing to overseas companies.
We will continue to drive new innovations and aim to become a safe and convenient infrastructure for payment processes.
[Press Inquiries]
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division Public Relations/UX Design Department
https://contact.gmo-pg.com/m?f=767
GMO Internet, Inc.
Group Communication Department, Public Relations Officer Kabuki
- pr@gmo.jp
[Contact for inquiries regarding services]
GMO Payment Gateway, Inc.
Innovation Partners Division
- info@gmo-pg.com
[GMO Payment Gateway, Inc.] (URL: https://www.gmo-pg.com/)
| Corporate Name | GMO Payment Gateway, Inc. (TSE First Section Securities Code: 3769) |
|---|---|
| Location | 1-2-3 Dogenzaka, Shibuya-ku, Tokyo Shibuya Fukurasu |
| Representative | President & Chief Executive Officer Issei Ainoura |
| Business Description | ■ Comprehensive payment related services and finance related services |
| Capital | 4,712 million yen |
[GMO Internet, Inc.] (URL: https://www.gmo.jp/)
| Corporate Name | GMO Internet, Inc. (TSE First Section Securities Code: 9449) |
|---|---|
| Location | Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo |
| Representative | President and Group Representative Chairman ＆ Chief Executive Officer Masatoshi Kumagai |
| Business Description | ■ Internet infrastructure business ■ Internet advertising / media business ■ Internet finance business ■ Cryptographic assets business |
| Capital | 5 billion yen |