GMO Payment Gateway : Financial and payment system developer BUFFORT Inc. acquired and joins GMO-PG consolidated companies
April 31, 2021
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April 1, 2021
GMO Payment Gateway, Inc.
GMO Payment Gateway, Inc. (GMO-PG) of the GMO Internet Group, which develops comprehensive payment-related services and financial services, has acquired all the outstanding shares of BUFFORT Inc. (Buffort) on April 1, 2021.
GMO-PG aims to resolve social issues and create value for customers as well as continue its 'Operating Profit growth of over 25% every year' by expanding the payment services through further enhancement of system development capability together with Buffort.
【Background and Outline】
The need to secure IT talent is growing in importance in Japan in order to bring out further advancement and diversity through IT deployment as well as contribute to productivity improvements through innovative efficiencies and value creation.（*）
GMO-PG is also focused on recruitment and talent development of engineers and to strengthen its technology and development capability, which is a key part of enhancing system development human talent in the areas of DX, FinTech and Cashless. This is critical for GMO-PG to achieve the target of 'Operating Profit growth of over 25% every year' and to support the customer's growth through payment and financial services.
Buffort's expertise is system development in financial and payment areas, with a track record of developing network architecture and systems for credit card companies affiliated to retail companies, core payment systems for credit cards, renewals of website for card-members and various other projects in these areas. GMO-PG has been working collaboratively with Buffort in developing new services for few years and has high acclaim of Buffort's system development capability.
Given this background, GMO-PG has acquired and incorporated Buffort into the Group, to further enhance the system development capability in order to realize sustainable growth by leveraging Buffrort's vast track record and expertise in system development in financial and payment areas.
Buffort develops payment systems by leveraging its know-how and cutting-edge technology in financial and payment areas. The track record in developing and renewing enterprise systems includes network systems for credit card companies, core payment systems and various systems developments for both credit card and non-credit card transactions.
■BUFFORT Inc.
Name of Company
BUFFORT Inc.
Location
West Hill 5F, 2-24-4 Nishigotanda, Shinagawa-ku, Tokyo 141-0031
Representative
Hiroyuki Akiyama, CEO
Business Description
■Payment system consulting
■Payment system development consulting
■FinTech system development
Capital
30 Million Yen
Established
September 13, 2010
【GMO Payment Gateway】
GMO-PG provides comprehensive payment-related and financial services to over 150,000 merchants including online operators, NHK, National Tax Agency and, the Tokyo Metropolitan Government GMO-PG's annual transaction value exceeds ¥6.4 trillion (GMO-PG consolidated companies total, as of end-December, 2020) mainly from providing payment processing services, in addition to value-added services to contribute to the merchant's growth and payment methods and funding that utilize financial technology.
As the leading companies in the payment industry, GMO-PG provides payment infrastructure such as payment and financial solutions and platforms to financial institutions and business operators that are adopting cashless payment and digital transformation (DX). GMO-PG is also pursuing global expansion through strategic lending and investment and payment-related services to overseas operators.
GMO-PG aims to build out the payment infrastructure that is secure and convenient by driving further innovation.
(In the event of any discrepancy between the original and the English version, the Japanese version shall prevail.)
【Press Inquiries】
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division
Public Relations/UX Design Department
GMO Internet, Inc.
Group Communication Department
Group Investor/Public Relations Team
TEL+81-3-5456-2695E-mailpr@gmo.jp
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GMO Payment Gateway Inc. published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2021 02:13:02 UTC.
GMO Payment Gateway, Inc. is a Japan-based company mainly engaged in the provision of payment agency services, finance related services and payment activation services. The Company operates in three business segments. The Payment Agency segment is engaged in the provision of online and continuous payment agency services and face-to-face payment agency services. The Finance Related segment is engaged in the provision of payment, remittance services and other money services, the provision of transaction lending to finance growth funds, as well as the provision of early payment services to improve the cash flow of member stores. The Payment Activation segment is engaged in the provision of mobile payment, authentication, notification and other services, as well as the provision of customer collection support services to improve sales of member stores.
GMO PAYMENT GATEWAY, INC. 
