Introducing Condo Pay byGMO to Japan's Largest Skill Market coconala
~Developing GMO-PG buy now pay later payment for services and contents in the skill-sharing area~
May 23, 2022
GMO Payment Gateway, Inc.
The GMO Internet Group will develop comprehensive payment-related and finance-related services. GMO Payment Gateway, Inc. (TSE Prime: Securities Code: 3769, President & Chief Executive Officer: Issei Ainoura hereinafter referred to as GMO-PG) "Condo Pay byGMO", a buy now pay laterpayment service for services and contents, coconala Inc.(TSE Growth: Securities Code: 4176, Chief Executive Officer: Ayumu Suzuki) will provide it to Japan's largest skill market "coconala", which buys and sells the strengths of the ) from today, May 23, 2022 (Monday).
GMO-PG is expanding the scope of its Condo Pay byGMO, from digital content and online donation to skill-sharing.
The domestic buy now pay later payment market continues to expand, reaching 879 billion yen in fiscal 2020, an increase of 27.9% from the previous year, and is expected to exceed 1.9 trillion yen in fiscal 2025 (*1)。 Against this backdrop, GMO-PG offers "payment by authenticating your phone number and email address" and "Condo Pay byGMO" by paying the usage fee at a convenience store in the following month Payment After Delivery service for services and contents.
GMO-PG has been expanding the scope of its Condo Pay byGMO service in order to expand online buy now pay later payment usage scenarios and provide a more convenient payment environment for users, and has decided to offer Condo Pay byGMO to the skillshare area from Monday, May 23, 2022. In addition to the Credit card payment and CVS Payment that we have been providing for Japan and the largest skill market "coconala", we will provide "Condo Pay byGMO".
As a result, "coconala" will be able to provide buy now pay later services as a payment method in CtoC and CtoB transactions, and it is expected to capture users who "cannot have a credit card, do not want to use it often" and "want to payment after using the service".
Source: Yano Economic Research Institute, Inc., "Survey on the E-Commerce payment Service Market (2022)" (announced on April 13, 2022)
【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".
▼ Merits for users
- ・ 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 uncollected data, 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 Skill Market "coconala"】
（URL：https://coconala.com/）It is a skill market where you can purchase knowledge, skills, and experience. From private to business, more than 520,000 (*4) services of 450 types are listed. It is a service marketplace that has everything from a little trouble to what you want to ask an expert. In addition to "production" such as design, website production, video / music production, writing, etc., it is possible to buy and sell a variety of services regardless of the scene, from business to private life, from "support / agency" such as business marketing to "consultation system" such as fashion and career consultation. In addition, we respond to a wide range of needs, from listing and purchasing services to solicitation and proposal of projects we would like to request.
The number of registered members has reached 2.79 million(*4).
As of February 2022
【GMO Payment Gateway】
More than 100,000 merchants, including online businesses such as online shops, NHK, National Tax Agency, and public entity in Tokyo, etc., We provide payment-related services and finance-related services. Focusing on payment services, we utilize value-added services and finance technologies that contribute to the growth of merchants payment method We provide services that meet financial needs, and our annual Transaction value exceeds 9 trillion yen. (Consolidated figures as of the end of March 2022)
As a leading company in the payment industry financial institution, we provide various Provision of payment and finance-related solutions and platforms, infrastructure of payments and so on. We are also promoting global expansion such as the development of payment-related services overseas and strategic investment and financing of cutting-edge FinTech companies overseas. We will continue to drive new innovations and contribute to the realization of a sustainable society and the progress and development of society.
[Press Inquiries]
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division Public Relations/UX Design Department
- TEL
- +81-3-3464-0182
GMO Internet Group
Group Communication
- TEL
- +81-3-5456-2695
- pr@gmo.jp
[Contact for inquiries regarding services]
GMO Payment Gateway, Inc.
Innovation Partners Division
- TEL
- +81-3-3464-2323
- info@gmo-pg.com
[GMO Payment Gateway, Inc.] (URL: https://www.gmo-pg.com/)
| Corporate Name | GMO Payment Gateway, Inc. (TSE Prime 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 | 13,323 million yen |
[GMO Internet, Inc.] (URL: https://www.gmo.jp/)
| Corporate Name | GMO Internet, Inc. (TSE Prime Securities Code: 9449) |
|---|---|
| Location | Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo |
| Representative | Representative Director and Group Representative Masatoshi Kumagai |
| Business Description | ■ Internet infrastructure business ■ Internet advertising / media business ■ Internet finance business ■ Cryptographic assets business |
| Capital | 5 billion yen |
