25 Dec 2019
GMO Payment Service, Inc.
GMO Payment Service, Inc. (President & Chief Executive Officer: Katsunari Mukai hereinafter referred to as "GMO-PS"), a consolidated company of GMO Payment Gateway, Inc. (hereinafter referred to as "GMO-PG") in the GMO Internet Group, has announced that it will issue electronic barcodes for convenience store payment on its own EC app for e-commerce businesses that introduce Payment After Delivery service "GMO Payment After Delivery" (*1)" will be available from December 25, 2019 (Wednesday).
In addition to the conventional "payment slip method" in which a payment barcode is printed on a invoice and mailed to it, it is also possible to select an "electronic barcode method" (*2) that issues an electronic barcode on the company's EC app, which does not require invoice, in the "buy now pay later" method, which is one of the payment method on EC sites to pay for products or use services.
E-commerce businesses will be able to provide an environment where customers can purchase products and services, receive products, and use services payment only with their smartphones, eliminating the hassle of picking up invoice and bringing them to convenience stores (*3).
*2 Only available for payment at convenience stores.
(*3) When applying for "GMO Payment After Delivery", you will be asked to select the billing method of the purchaser.
【Background and Summary】
"GMO Payment After Delivery" provided by GMO-PS is a Payment After Delivery service that allows purchasers using e-commerce sites to pay for products at convenience stores, banks, post offices, etc. after receiving products or using services. The use of buy now pay later payment continues to expand year by year, and the domestic buy now pay later payment market is expected to grow at an average annual rate of about 42% from 2015~2018, reaching a scale of more than 2 trillion yen by 2023 (*4).
GMO-PS has decided to provide a "smartphone app type" that issues the electronic barcodes required for convenience store payment on the app of an e-commerce business with the aim of improving convenience for purchasers in "GMO Payment After Delivery", which is expected to be used further in the future. This is the first Japan in Japan to use an e-commerce app to payment a debt guarantee type Payment After Delivery service that does not require invoice.
Unlike the conventional payment method of using payment slips (invoice) of the "sealed letter type" and "crimped postcard type", the "smartphone app type" can be used to payment convenience stores using electronic barcodes issued on the EC app. Therefore, the buyer can receive the payment slip (invoice) that will be mailed to the store and bring it to the store, and can do everything from the purchase of the product / service to the payment after receiving the product or using the service with just a smartphone. For e-commerce businesses, buyers will use their e-commerce apps not only at the time of purchase but also during payment after receiving products and using services, which is expected to improve the usage rate of their e-commerce apps and increase the number of repeat customers.
GMO-PS will continue to provide a more flexible and convenient payment environment for both e-commerce businesses and purchasers who use buy now pay later payment.
【GMO Payment After Delivery】
"GMO Payment After Delivery" is a Payment After Delivery service provided by GMO-PS for e-commerce businesses. Regardless of the buyer's payment status, GMO-PS will make advance payments, and GMO-PS will also perform all operations such as credit management, invoice issuance, and payment management, so EC businesses can present convenient buy now pay later payment to buyers without the hassle of complicated work related to payment and the risk of non-collection. As a result, it is expected to capture a user base that has not made a purchase because they are not comfortable using a credit card or want to payment after actually seeing the product or using the service.
■ Features of "GMO Payment After Delivery"
1. Real-time credit | Since credit confirmation is performed in real time without making the purchaser wait, smooth payment prevents the purchaser from leaving. | ||||||
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2. Selectable billing method | We offer three types of billing methods for buyers. You can choose the best billing method for your purpose, such as accepting payment methods, reducing costs, or using your own EC app. We also offer an "invoice enclosing service" where invoice is enclosed with the product, meeting the various needs of e-commerce businesses. <Payment slip (invoice) method>
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3. Industry's lowest rate | payment fees, fixed costs, invoice issuance costs, transfer fees, etc., are all at the lowest level in the industry (*5). For details on fees, please refer to the following URL. https://www.gmo-ps.com/service/price/ |
【GMO Payment Service, Inc.】
GMO-PS was established in 2013 as a buy now pay later payment processing business company for GMO-PG, which provides comprehensive payment-related services and finance-related services. As the only buy now pay later payment provider in the industry that can provide Credit card payment to buy now pay later payment collectively, we provide Payment After Delivery service "GMO Payment After Delivery" with no risk of non-collection to major e-commerce businesses such as product sales and services.
In the future, we will strive to develop and provide services that can be used more conveniently by e-commerce businesses and purchasers, aiming to contribute to society and people through Internet and payment services, not just "GMO Payment After Delivery".
【Related Links】
- GMO-PS Corporate Site
- URL : https://www.gmo-ps.com/
[Press Inquiries]
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division
- TEL
- +81-3-3464-0182
- FAX
- 03-3464-2387
- pr@gmo-pg.com
GMO Internet, Inc.
Group Communication Department, Public Relations Officer Ishii
- TEL
- +81-3-5456-2695
- pr@gmo.jp
[Contact for inquiries regarding services]
GMO Payment Service, Inc.
- TEL
- 03-3464-2392
- FAX
- 050-3737-5179
- g-marketing@gmo-ps.com
[GMO Payment Service, Inc.] (URL: https://www.gmo-ps.com/)
Corporate Name | GMO Payment Service, Inc. |
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Location | 2-12-19 Shibuya, Shibuya-ku, Tokyo Token International Building Main Building 7th Floor |
Representative | President & Chief Executive Officer Katsunari Mukai |
Business Description | ■ Provision of payment processing services and EC-related services |
Capital | 150 million yen |
[GMO Payment Gateway, Inc.] (URL: https://corp.gmo-pg.com/)
Corporate Name | GMO Payment Gateway, Inc. (TSE First Section Securities Code: 3769) |
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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) |
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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 ■ Cryptocurrency business |
Capital | 5 billion yen |