September 12, 2013
- GMO Payment Gateway
GMO Payment Gateway to Establish Local Entity in Hong Kong
Global payment processing service GMO-PG Global Payment opens October 2013
GMO Internet Group company, GMO Payment Gateway Inc. (TSE1:3769) announces the establishment of local entity, GMO PAYMENT GATEWAY HONG KONG LIMITED in Hong Kong on September 11, 2013.
Since opening subsidiary GMO PAYMENT GATEWAY PTE. LTD. (GMO-PG Singapore) in October 2012, GMO-PG has been developing plans to expand services globally, with a focus on Asia.
The company chose Hong Kong as the location of its first local entity after extensive market research revealed high demand for a service that would enable Japanese ecommerce stores and digital content providers to accept payment in local currencies, using trusted local payment methods while managing transactions in multiple markets from a single user interface.
Following the establishment of this local entity, global payment processing service for ecommerce and digital content providers, GMO-PG Global Payment, will launch October 2013.
GMO-PG plans to expand services by establishing local entities and branches in Southeast Asia including Singapore, Malaysia, Indonesia, Thailand and Taiwan. GMO-PG Singapore will also continue to foster business alliances with local partners that will enable us to provide the most popular payment methods in each region.
About GMO-PG Global Payment
GMO-PG Global Payment is a global online payment processing solution for Japanese ecommerce businesses with a local presence in one or more markets outside Japan* By simply connecting to GMO-PG Global Platform, ecommerce businesses will be able to accept multiple payment methods in multiple countries.
GMO-PG will establish local entities or branches in every country covered by GMO-PG Global Platform and provide Japanese-language support to merchants including negotiation and operational support. All transactions will be processed in local currencies.
Furthermore, through collaboration with leading businesses in each country, GMO-PG will provide not only payment solutions, but everything necessary for a successful overseas expansion including delivery, promotion and marketing.
*GMO-PG can only provide services within the limits of the ｌaw of each country and credit card regulations concerning cross border transactions.
About GMO Payment Gateway
GMO Payment Gateway, Inc. (TSE: 3679) is a non-face-to-face payment processing service provider offering solutions including online transaction processing for online stores, social and smartphone content sellers, and processing of recurring payments NHK television license fees. The company also provides dedicated payment solutions for public institutions including Japan Pension Service and Tokyo Metropolitan Government. Our services are safe and convenient for both business and the consumer. As the largest payment processing service in Japan, GMO Payment Gateway is an innovation leader and key contributor to the growth and development ecommerce. Please visit http://corp.gmo-pg.com/company_en for more information.
GMO PAYMENT GATEWAY PTE. LTD. was established in Singapore in December 2012 as a wholly-owned subsidiary of GMO Payment Gateway, Inc. and the headquarters for GMO-PG's global business.
About GMO Internet Group
GMO Internet Group is a comprehensive provider of industry-leading Internet solutions including domain name registration, cloud-based and traditional hosting, ecommerce, security, and payment processing services that each holds the top share of their respective markets in Japan. Other key business areas for the Group include online securities/FX trading, Internet advertising, search engine marketing and online research, and smartphone game development and publishing. GMO Internet, Inc. (TSE: 9449) is headquartered in Tokyo, Japan. Please visit http://www.gmo.jp/en for more information.