Compliance with Payment and Financial Regulations

「株式会社メルペイ is registered as a business operator handling contracts concerning credit card numbers and other information, a comprehensive credit purchase intermediary, including certification as a certified comprehensive credit purchase intermediary, a moneylender and an electronic payment agency, and conducts its business in compliance with the relevant laws, cabinet orders, ministerial ordinances and other applicable regulations.」

「株式会社メルペイ is registered under the Installment Sales Act as a business operator handling contracts concerning credit card numbers and other information, a comprehensive credit purchase intermediary, including certification as a certified comprehensive credit purchase intermediary, and a moneylender, and conducts its business in compliance with the relevant laws, cabinet orders, ministerial ordinances and other applicable regulations.」

「The job platform メルカリ ハロ is licensed under the Employment Security Act as a fee-charging employment placement business. It operates in compliance with that Act and other applicable laws, including the Labor Standards Act, Minimum Wage Act, Act on Improvement of Employment Management for Part-Time and Fixed-Term Workers, Act on Securing, Etc. of Equal Opportunity and Treatment between Men and Women in Employment, Act on Comprehensive Promotion of Labor Policies, Stabilization of Employment of Workers, and Enhancement of Occupational Life, and the Act on the Protection of Personal Information. No event that would constitute grounds for cancellation has occurred to date.」

「In addition to providing the credit card service メルカード, the smartphone payment service メルペイ offers purchasers the monthly-clear and installment-payment products メルペイスマート払い (payment the following month and fixed-amount payments), as well as the small-amount lending service メルペイスマートマネー. Accordingly, 株式会社メルペイ is registered under the Installment Sales Act (the "Installment Sales Act") as a business operator handling contracts concerning credit card numbers and other information, a comprehensive credit purchase intermediary, including certification as a certified comprehensive credit purchase intermediary, and a moneylender, and conducts its business in compliance with the relevant laws, cabinet orders, ministerial ordinances and other applicable regulations. In providing its Bitcoin trading service, 株式会社メルコイン is registered as a crypto-asset exchange service provider under the Payment Services Act and is subject to the relevant laws, cabinet orders, ministerial ordinances and other applicable regulations. No event that would constitute grounds for cancellation has occurred to date.」

「株式会社メルコイン is registered as a crypto-asset exchange service provider under the Payment Services Act and is subject to the relevant laws, cabinet orders, ministerial ordinances and other applicable regulations. No event that would constitute grounds for cancellation has occurred to date.」

「Having obtained the first certification as a business operator for AI-based credit assessment, the company expects to be able to provide credit more flexibly and appropriately than before and design its services accordingly.」

「株式会社メルペイ is registered under the Installment Sales Act as a business operator handling contracts concerning credit card numbers and other information, a comprehensive credit purchase intermediary, and a moneylender, and conducts its business in compliance with the relevant laws, cabinet orders, ministerial ordinances and other applicable regulations. No event that would constitute grounds for cancellation has occurred to date.」

「In the United States, the Group has applied for Money Transmitter Licenses in the states where they are required for compliance with payments-related regulations, and has already obtained licenses in all states.」

「As the Group's products, services and payment processing develop, they may become subject to various laws and regulations in Japan and other countries, including those governing money transfers, payments, e-commerce, electronic transfers, anti-money laundering, know-your-customer and counter-terrorist financing measures, installment sales and money lending. If it is found that the Group has violated any such legal or regulatory obligations, for reasons including the failure to develop internal systems at a pace commensurate with service growth, the Group may be subject to fines or other penalties, business suspension orders or other sanctions, or may be required to modify its products. In any such case, the Group's business, financial condition and results of operations may be materially affected.」

「The payments and financial services businesses may face risks such as further regulatory requirements that require substantial compliance costs or are unfavorable to the Group's businesses.」

「If the Group receives any administrative sanction for violating these laws and regulations, or if the application of new laws and regulations or a material change in the response of regulatory authorities imposes any restrictions on the operation of the Group's CtoC marketplace Mercari or on the development of other existing or new businesses, the Group's business, results of operations and financial condition may be affected.」