A week in tech

A round up of all the latest tech news.

Japan

Internet

- GMO Payment Gateway, a company which offers credit card settlement for shops on e-commerce sites, announced that it would go public on the Tokyo Stock Exchange's Mothers market next month. About 7,000 stores are utilizing the firm's services, which include credit screening, payment demand, checking of receipt of money, etc. GMO Payment gets about 90 percent of its revenues from store management fees and settlement commissions. The company expects more than 270 million yen $2.5 million in parent-only pretax profit in the year through September, a 42 percent year-on-year growth. The company plans to use funds that it will generate from the public offering...

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