January 21, 2010
- GMO Payment Gateway
February 21, 2010
Press Release
GMO Payment Gateway, Inc.
(TSE First Section Code: 3769)
GMO Payment Gateway to Launch Payment Solution for Social Apps
Tokyo – January 21, 2010 -- GMO Internet Group non-face-to-face credit card payment processing company, GMO Payment Gateway (TSE: 3769) today confirmed it will launch a specialized payment processing service for social applications. The payment solution for social app developers has been created with the support of JCB Co. Ltd, and major credit card companies, VISA and MasterCard. Beginning next month, GMO-PG will provide the new solution to CyberAgent group companies and other major social application developers. Moving forward, in March we expect to start advancing the service through partnerships with application developers, game creators and advertising agencies
Background
Social applications are games, tools, and other applications operated in a social networking service (SNS) environment that take advantage of the user communication and exchange aspects of the community space. Social apps are estimated to have generated over 1 trillion yen in Europe. In Japan, where they only began to emerge in the past year, user numbers are already growing rapidly and the market is expanding.
However, despite this rapid growth most social apps currently in use here in Japan are free. Paid apps have been slow to develop because application developers still have to undergo screenings and negotiate contracts with individual credit card companies, introducing each payment method separately. GMO-PG’s specialized payment solution reduces the burden of this process.
The new service will simplify the application process for developers and result in faster time-to-market for paid social apps. Beginning in February 2010, GMO-PG will provide the solution to CyberAgent group companies, Real World Co. Ltd, and other major application developers.
As well as catering to businesses that create applications aimed at social network users in Japan, GMO-PG will provide payment solutions to Drecom Co. Ltd and other developers of social apps for major international SNS sites.
In addition, beginning in March 2010, GMO-PG will seek to partner with application developers, game creators, and advertising agencies with the objective of furthering service development.
Partnership Structure
Payment Solution for Social Apps
With a flat fee structure and faster credit card payment processing implementation we expect application procedures to take just two weeks. This is significantly shorter than other processes that can take over a month.
In addition to credit card payment processing, the social app service offers a simple solution for implementing PayPal and e-money processing together with security protection. Also for the convenience of developers, the GMO-PG solution is compatible with billing structures based on OpenSocial, the common set of application programming interfaces (APIs) widely used by social network applications.
Flat Fee Billing Structure*
The GMO-PG service is provided at a fixed rate eliminating the need for application developers to spend time negotiating conditions.
Set up fee: To be confirmed
Fixed monthly fee: 20,000 yen
Processing fee: 0 yen / transaction
Commission: 5% of sales
* Minimum 1,000 yen per transaction
Faster Credit Card Payment Processing Implementation
GMO-PG offers faster credit card payment processing implementation.
This has been made possible through the cooperation of companies including JCB, VISA, MasterCard and enables the use of all major credit cards.
Easy All-in-One Implementation
Using the GMO-PG SaaS-model PG Multi Payment Service, developers get credit card, PayPal, and e-money payment processing together with essential security features with easy all-in-one implementation.
Business Partnerships
Going forward GMO-PG will seek to partner with application developers, game creators and advertising agencies. Partnerships will enable us to develop solutions that leverage each company’s individual strengths and quickly respond to developer needs. The partnership structure will also allow for profit sharing through the payment of dividends, and investment in new application development.
GMO-PG will invite partners to invest in 100,000 yen units and is currently engaged in feasibility studies with a view to introducing the partnership structure in 2010.
Moving forward we will also look at forming partnerships with other related services including smart phone application developers, advertising distributors, server technology companies, and point service providers.
At the same time we are considering the formation of partnerships to establish research associations, limited liability partnerships or limited liability companies.
GMO-PG expects the Japanese social applications market to be worth 100 billion yen in 2011. We aim to make a positive contribution to the development of this industry.
GMO Payment Gateway Inc.
GMO-PG provides credit card payment processing services including non-face-to-face payment processing for online stores etc, processing of recurring payments such as CATV and NHK fees. We also provide specialized payment solutions for public institutions including Japan Pension Service and Tokyo Metropolitan Government. Our services are safe and convenient for both business and consumer. As the largest payment processing service in Japan we are leading innovation in the industry and advancing ecommerce business.
Media Inquiries
GMO Payment Gateway Inc. Corporate Planning Office
E-mail: [email protected]
GMO Internet
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 | GMO Internet Inc. http://www.gmo.jp/en (TSE First Section Code: 9449) |
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 |