December 28, 2009
- GMO Payment Gateway
December 28, 2009
Press Release
GMO Payment Gateway, Inc.
(TSE First Section: 3769)
GMO Payment Gateway Partners with PayPal to Introduce SaaS Model PayPal Service to 20,000 Stores
Tokyo – December 28, 2009 – GMO Internet Group remote credit card payment processing company, GMO Payment Gateway today announces the launch today of PayPal Payment Processing service, a new payment method being added to the company’s SaaS delivered PG Multi Payment Service.
Approximately 20,000 merchants using GMO-PG payment processing services will now be able to accept payment by PayPal, a name recognized and trusted worldwide.
Background
PayPal is the global leader in online payment processing systems with over 200 million registered accounts and 78 million active users worldwide. Currently, the system handles 24 different currencies and is used in 190 countries. In 2008 PayPal transactions totalled 6 billion dollars and accounted for approximately 9% of all ecommerce sales(*).
Using PayPal is an easy way to sell products and services internationally, it is also an ideal payment method for small ticket items. PayPal opens up the global marketplace to online shoppers. The service makes it possible to make credit card purchases online providing only an email address - there is no need to enter credit card information.
Today, GMO-PG announces the addition of the PayPal Payment Processing Service to the PG Multi-Payment Service, a service that already offers a number of payment methods including credit card, payment at a convenience store, electronic money and Pay-easy.
PG Multi Payment Service is a SaaS service offering a payment processing framework that allows online vendors to select the payment methods they require and manage their account from an online administration screen. Now online vendors in Japan can implement and use the PayPal Payment Processing service just as easily as they can other domestic-market payment methods.
At the same time, PayPal gains immediate access to the GMO-PG merchant base of over 20,000 Japanese vendors by partnering with GMO-PG.
The PayPal Payment Processing Service is the second stage of the GMO-PG Global Alliance initiative that began with the launch of Alipay Kokusai Keissai Service (an international payment processing service) earlier this year.
Who is this service for?
・ Providers of services, content, social applications etc. who need to be able to accept small charges.
・ Sellers of Anime, games, and other digital content that attracts strong demand from overseas.
・ Any business looking to increase international sales.
What benefits does it offer?
・ An easy way to accept payment for small-ticket items
・ An opportunity to boost sales: PayPal has over 200 million users and handles payments in 24 different currencies.
* Q3 2009 FAST FACTS (PayPal)
GMO-PG Payment Processing Platform
GMO-PG Payment Processing Platform is a common platform for GMO-PG payment processing services designed to maximize value for both GMO-PG merchants and payment gateway service providers. Merchants using the GMO-PG Payment Processing Platform can select the payment methods they require from a range of compatible methods, while payment gateway service providers who choose to partner with GMO-PG gain instant access to the GMO-PG merchant base simply by making their systems compatible with the GMO-PG Payment Processing Platform.
In addition to credit card payment processing, the Payment Processing Platform offers merchants all payment methods available with the GMO-PG Multi-Payment Service as well as the Alipay Kokusai Keissai Service (an international payment processing service). Going forward GMO-PG will continue to add new services like the PayPal Payment Processing Service ensuring we continue to meet the needs of today’s online vendors.
PayPal
Headquartered in San Jose, California, PayPal is an online payment processing company and member of the eBay Group. The company’s overseas head office PayPal Pte. Ltd. is located in Singapore. Please visit www.paypal.com for more information.
Consumer advisory: PayPal Pte, Ltd., the holder of PayPal's stored value
facility, does not require the approval of the Monetary Authority of Singapore.
Users are advised to read terms and conditions carefully.
facility, does not require the approval of the Monetary Authority of Singapore.
Users are advised to read terms and conditions carefully.
GMO Payment Gateway Inc.
GMO-PG provides credit card payment processing services including remote payment processing for online stores etc, processing of recurring payments such as CATV and NHK fees as well as social insurance, payments to the Tokyo Metropolitan Government and other public institutions . It is a completely safe and very convenient service for both business and consumer. We aim to be the payment processing infrastructure for Japan.
Media Inquiries
GMO Payment Gateway Inc. Corporate Planning Office
E-mail: [email protected]
GMO Internet Inc. Group PR Department
E-mail：[email protected]
About GMO Internet Group
GMO Internet Group, headquartered in Japan, is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services worldwide. The group holds top domestic market share in domain registration, web hosting, and payment processing and provides a host of other Internet services including global online security services, ecommerce solutions, and Internet advertising to both businesses and individuals. At the centre of the group is GMO Internet, Inc. a company listed on the prestigious first section of the Tokyo Stock Exchange (TSE: 9449).
GMO Payment Gateway Inc.
Company Name | GMO Payment Gateway Inc. http://www.gmo-pg.com/ (TSE First Section Code: 3769) |
Address | Shibuya Square A, 1-9-5 Dogenzaka, Shibuya-ku, Tokyo JAPAN |
CEO | Issei Ainoura |
Business Description | - Credit card payment processing and related services |
Capital | 655 million yen |
GMO Internet Inc.
Company Name | |
Address | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Masatoshi Kumagai |
Business Description | - Web Infrastructure & Ecommerce - Internet Media |
Capital | 1.27 billion yen |