Collaboration with Joyo Bank to provide "Joyo accounts receivable Warranty Service by GMO"
~Supporting safe business-to-business transactions by reducing the risk of non-collection~

GMO Internet Group develops comprehensive payment-related services and finance-related services) GMO Payment Gateway, Inc. (TSE partial: Securities Code: 3769, President & Chief Executive Officer: Issei Ainoura hereinafter referred to as "GMO-PG") in collaboration with Joyo Bank, Ltd. (Director & President: Ritsuo Sasashima, hereinafter referred to as "Joyo Bank"). From Friday, March 5, 2021, we will provide "Joyo accounts receivable Guarantee Service by GMO" to Joyo Bank's business partners ^(*).​
"Joyo accounts receivable Guarantee Service by GMO" is a service customized by Joyo Bank for its own business partners based on GMO-PG's "GMO B2B AR Guarantee" that guarantees accounts receivable to the seller company in BtoB transactions by paying GMO-PG on behalf of the buyer company in the event of non-collection of accounts receivable.

• A guarantee fee will be charged for the use of "Joyo accounts receivable Warranty Service by GMO". In addition, the guarantee amount will be determined by GMO-PG after a prescribed examination. It may not be available depending on the results of the examination.

In the Japan BtoB market, it is common to make a "credit transaction" in which payment of the price of a product or service is paid by a fixed date after delivery and provision. For the buyer company that orders the goods and services, there are advantages such as "being able to pay for transactions for a certain period of time at once" and "there is a grace period until the due date", while for the selling company, there are risks such as "the time and cost of credit decisions will be required" and "the accounts receivable may not be collected".
Against this backdrop, GMO-PG has been providing a "GMO B2B AR Guarantee" service since May 2018 that guarantees accounts receivable by GMO-PG paying on behalf of the buyer company in the event of non-collection of accounts receivable, mainly for BtoB EC businesses that use GMO-PG's payment service.
GMO-PG has decided to collaborate with Joyo Bank to provide "Joyo accounts receivable Guarantee Service by GMO" in order to support the expansion of the service lineup that Joyo Bank develops for existing and new business partners. "Joyo accounts receivable Warranty Service by GMO" is a service customized by Joyo Bank for its own business partners, such as completing the entire process from application to the start of the warranty based on the "GMO B2B AR Guarantee" provided by GMO-PG.
GMO-PG will continue to contribute to financial institution and finance service providers not only by building infrastructure of payments but also by providing finance-related services.

This is a service for sellers in BtoB transactions, and in the event of non-collection of accounts receivable, GMO-PG guarantees accounts receivable by paying on behalf of the buyer company.
In addition to reducing the time and effort required for credit management such as advance payment negotiations and dunning operations, the seller company can also expand the number of new business partners by reducing the risk of non-collection due to bankruptcy or payment delays of business partners.
The consent of the business partner (buyer) is not required for use, but the guarantee amount will be determined after the examination prescribed by GMO-PG, and a guarantee fee will be charged according to the amount.