Mitsui-Sumitomo Bank and GMO Payment Gateway announced that
they would establish new company that offer payment services.
GMO is the biggest payment company in Japan that supply payment
system for over 5.7 million e-commerce site.

Mitsui-Sumitomo Bank is trying to expand their payment business
and the Financoal Services Agency are discussing about loosening
the regulation.

The Affiliation between traditional financial companies and financial
technology companies will increase in the Japanese Market.