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GMO ペイメントゲートウェイ

ConfidenceLikely
Updated2026-05-26
Review by2026-11-15
Sources6Machine-translatedOriginal (JA)
#JapanFG#payment#fintech
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This entry sits under payment-firms INDEX. Read it against FamiMa Digital One (FamiMa Digital One) for peer / contrast context and Three-Layer Structure of Japan's Stablecoin Regulatory Regime (JPYC, USDC, Project Pax) for the broader system / regulatory boundary.

TL;DR

One of the largest domestic payment service providers (PSP). It provides EC merchants a one-stop offering of card payment such as Visa/Master/JCB/Amex + convenience-store payment + bank transfer + electronic money. Established as “Card Commerce Co., Ltd.” in 1995-03-25, renamed in 2000 , listed on the TSE Mothers in 2005 , and listed on the TSE First Section in 2008 (now PRIME 3769). A consolidated subsidiary of the GMO Internet Group. Its strategic alliance with Sumitomo Mitsui Card (smfg affiliated) and its Asia expansion (Vietnam’s NextPay / Taiwan’s ECPay, etc.) are the pillars of its mid-term plan. •

1. Company overview

Official name: GMO ペイメントゲートウェイ株式会社 • English name: GMO Payment Gateway, Inc. Securities code: TSE PRIME 3769 • Establishment: 1995-03-25 (former Card Commerce Co., Ltd.) • Head office: Shibuya-ku, Tokyo Parent company: gmo-internet-group (consolidated subsidiary) • Business type: payment service provider (PSP)

2. Business segment map

Segment Main service Characteristics
EC payment processing credit card (Visa/Master/JCB/Amex) + convenience-store payment + bank transfer + electronic money active stores 171,257 店 (as of 2026-03 ; 829,062 店 when including fincode byGMO, etc.)
BtoB payment inter-corporate invoice payment / deferred payment credit / collection handled in one
Simple-payment SDK Pay.JP for developers; heavily adopted by startups
Overseas payment global payment gateway competes with Stripe / Adyen
Asia expansion NextPay (Vietnam) / ECPay (Taiwan) / Thailand investment / JV-based
Adjacent businesses financial services / remittance / transaction lending lending using merchant data

3. Corporate history

Year/Month Event
1995-03-25 Card Commerce Co., Ltd. established •
2000 renamed GMO Payment Gateway •
2005 listed on TSE Mothers •
2008 listed on TSE First Section •
2015 established the joint venture SMBC GMO PAYMENT with Sumitomo Mitsui Banking Corporation (reached a basic agreement on a next-generation payment platform with Sumitomo Mitsui Card in 2019 )
2015〜 Asia expansion (investment in Taiwan’s Neweb Technologies / Z.com Payment, etc.)

Domestic strategy

  • EC merchant base: a merchant network of active stores 171,257 店 (as of 2026-03 ; 829,062 店 when including fincode byGMO, etc.) is the moat
  • Sumitomo Mitsui Card strategic alliance: deepening relations with the smfg-affiliated card company; SMBC GMO PAYMENT (a JV with SMBC, established 2015 ; reorganized in 2021 to Sumitomo Mitsui Card 50% / GMO-PG 40% / Sumitomo Mitsui Banking Corporation 10%) is also developed
  • Pay.JP: a developer-facing simple-payment SDK to rival Stripe

Overseas strategy

  • Asia concentration: investment / JV in Vietnam’s NextPay / Taiwan’s ECPay / Thailand, etc.

Competitive map

Competitor Strength Positioning
SB Payment Service paypay-fg / SoftBank group / PayPay coordination one of the largest domestically, QR-payment affinity
DG Financial Technology (former VeriTrans) Digital Garage affiliated / veteran PSP EC long-established merchants
SMBC GMO PAYMENT SMBC × GMO-PG JV bank-affiliated channel
Stripe / Adyen global developer-first cross-border EC
Square (Block) POS + online integration SMB physical-goods sales

5. Regulation / policy

  • Supervising authority: FSA / Ministry of Economy, Trade and Industry (Installment Sales Act / Payment Services Act)
  • Business type: payment-processing business (not a registration system, but merchant contracts / PCI DSS compliance are a de facto barrier to entry)
  • Regulatory points:

6. Counterpoints

Subjective counterpoints (parent-company dependence vs independence / customer-cannibalization argument with SMBC GMO PAYMENT) are isolated in .opinions/JapanFG/gmo-payment-gateway.md (2026-05-29).

7. Open questions

  • What is the precise breakdown (active vs dormant) of the over-30 万-store merchant count?
  • What are the details of the numerical targets (revenue / operating profit / overseas ratio) of the 2024 mid-term plan?
  • What is GMO-PG’s positioning under the stablecoin regime (response to Progmat, etc.)?
  • What is the scenario for full-scale competition with Stripe / Adyen?
  • What is the cross-shareholding / dividend policy with the parent GMO Internet Group?
  • smfg (Sumitomo Mitsui Card alliance / SMBC GMO PAYMENT JV parent)
  • paypay-fg (SB Payment Service competitor)
  • jcb (card international brands)
  • mufg (card industry via Mitsubishi UFJ NICOS)
  • money-forward · freee (accounting-SaaS coordination)
  • paidy (deferred-payment competitor / complement)
  • mercari-hd (EC customer base)

Sources

[!info] Verification status confidence: likely (based on public information / created 2026-05-19; on 2026-05-29 the active-store count / SMBC JV / Taiwan investment were confirmed via the official IR). The active stores 171,257 店 are the official figures as of 2026-03 (subject to point-in-time variation; for the latest, refer to GMO-PG IR quarterly materials). The establishment year / listing history / parent-company relationship / SMBC GMO PAYMENT JV are confirmed by public information.

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