TMN and GC Planning Form Capital and Business Alliance to Strengthen Payment Service Business Competitiveness

Transaction Media Networks Inc. (TMN) and Global Communication Planning Co., Ltd. (G.C Planning) have entered a capital and business alliance with the aim of strengthening their credit gateway service businesses.

Background

TMN is the first company in Japan to commercialize its cloud-based electronic payment service and has since grown to become one of the largest payment gateways in Japan, supporting all types of electronic payments from credit cards to QR/Barcode payments.
TMN have initially gained market share in e-cash, a business area with high barriers to entry. However, to pursue further growth in the electronic payment business domain in the future, TMN aims to expand its business in the credit card field, which has the largest settlement amount in the electronic payment market. Therefore TMN has entered a capital and business alliance with G.C Planning, which provides credit gateway services.

G.C Planning has been in business for 29 years and has been a development partner since TMN’s founding. Furthermore, G.C Planning is one of the few credit gateway service providers operating in Japan that provides services to large-scale distribution companies, like TMN.TMN believes that it will be able to demonstrate high amount of constructive collaboration with G.C Planning not only as a service provider, but also as an all-in-one service provider from payment terminals to system development.

Outline of the capital and business alliance

• Cooperation to strengthen established payment gateway service business
• Joint development of new businesses in the payment, finance, and marketing sectors
  
  

What’s Next?

TMN aims to expand its business in the payment business domain by combining the services and functions of both companies to strengthen abilities to make proposals to customers and improve efficiency by interchanging development resources. The two companies will aim to create a more convenient and safer consumer environment by accelerating innovation, such as by developing new services in the financial and marketing sectors, utilizing the technology and ability of both companies.