GMO ペイメントゲートウェイ

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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

The following table is scoped to public primary sources (gmo-pg.com). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

3. Corporate history

The following table is scoped to public primary sources (gmo-pg.com). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

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

The following table is scoped to public primary sources (gmo-pg.com). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

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?

8. Related

• 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

• Wikipedia: GMO Payment Gateway (https://ja.wikipedia.org/wiki/GMOペイメントゲートウェイ, extracted 2026-05-19)
• GMO Payment Gateway official IR (corp.gmo-pg.com, refer 2026-05-19)
• GMO Internet Group securities report (consolidated-subsidiary information)
• GMO Payment Gateway IR FAQ — active stores 171,257 店 (as of 2026-03 , including fincode byGMO 829,062 店) — https://www.gmo-pg.com/en/ir/faq/
• GMO-PG × Sumitomo Mitsui Card next-generation payment platform basic agreement (2019) — https://www.gmo-pg.com/en/news/press/gmo-paymentgateway/2019/0212.html
• GMO-PG Taiwan Neweb Technologies business and capital alliance (2015) — https://www.gmo-pg.com/corp/newsroom/press/gmo-paymentgateway/2015/0819.html

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[!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.