GMO Payment Gateway Modestly Undervalued at Current Prices

GMO Payment Gateway is a major Japanese payment services provider catering to a broad range of industries. These include digital content and telecommunications, utilities, retail and hospitality, financial services, healthcare, and education. Users range from online retailers to large enterprises and government organizations. The firm has expanded its capabilities beyond card payments to various other payment methods, such as mobile wallets, while providing a growing suite of ancillary services. These include lending, salary prepayment, advertising, and medical payment solutions, to name just a few. The firm is building a payment ecosystem where these ancillary services complement and drive growth in its core payment processing business. GMO is also gradually expanding globally, making smaller investments in or partnering with localized firms.