May 7, 2010
- GMO Payment Gateway
May 7, 2010
Press Release
GMO Payment Gateway, Inc.
(TSE First Section Code: 3769)
GMO Payment Gateway, CONIT and Dentsu Advancing Smartphone Payment Processing Business
- GMO-PG platform to offer Android compatibility-
Tokyo – May 7, 2010 – GMO Internet Group non-face-to-face payment processing company, GMO Payment Gateway, together with CONIT Co., Ltd. is set to launch an in-application payment processing solution for Android applications in June this year.
The new service combines the content billing system built by CONIT (with development support from Dentsu, Inc.) with the GMO-PG payment processing service to create a billing and payment processing solution for Android application downloads and in-application content sales.
Background
In 2009 over 170 million smartphones were shipped worldwide(*1). The market is growing rapidly and by 2013 smartphone ownership is expected to reach 309 million(*2). Smartphone application usage is expanding in line with market growth and the Android application market alone is already worth around 5.6 billion yen. Massive growth is forecast in the library of Android applications available as the number of new smartphones running Android accelerates and carriers worldwide announce plans to release more models.
However, in order to sell ebooks and other products, deliver video or offer social applications on Android smartphones, individual systems are required to handle billing for application downloads and billing for in-application sales, in addition it is necessary to implement a separate payment processing solution.
GMO-PG and CONIT have developed an in-application billing solution for Android smartphones that links the Android content billing system created by CONIT with GMO-PG’s payment processing service for a combined application billing and payment processing system that is easy to implement. The new service will simplify sales of Android applications as well as in-application sales for content sellers. Slated for release in June the service will offer PayPal payment processing (available in approximately 190 countries) in order to cater to the needs of smartphone application providers around the world.
Going forward, credit card, emoney and other payment methods will be made available when GMO-PG adds the Android in-application payment solution to its common payment processing platform(4*).
CONIT Co., Ltd. (http://www.conit.co.jp/)
CONIT plans and develops smartphone applications predominantly for iPhone/iPad and Android. The company is also engaged in the planning and development of social applications for platforms including mixi and Mobage. CONIT received funding from GMO Venture Partners to develop a content billing solution.
CONIT plans and develops smartphone applications predominantly for iPhone/iPad and Android. The company is also engaged in the planning and development of social applications for platforms including mixi and Mobage. CONIT received funding from GMO Venture Partners to develop a content billing solution.
GMO Payment Gateway Inc.
GMO-PG is a credit card payment processing service provider with services including non-face-to-face payment processing for online stores etc, and 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]
(*1) Source: IDC Worldwide Quarterly Mobile Phone Tracker, February 4, 2010
(*2) Source: IDC Worldwide Mobile OS 2009–2013 Forecast and Analysis, December 2009
(*3) Source: AdMob documents, fiscal year 2009 estimates
(*4) 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 and going forward GMO-PG will continue to add new services ensuring we continue to meet the needs of today’s online vendors.
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) |
Location | Shibuya HUMAX Building, 1-14-6 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) |
Location | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
CEO | Masatoshi Kumagai |
Business Description | - Web Infrastructure & Ecommerce - Internet Media |
Capital | 1.27 billion yen |
*Android is a registered trademark of Google, Inc. All other product names are trademarks or registered trademarks of their respective holders.