Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; “Net Protections”) and Iyo Bank, Ltd. (headquartered in Matsuyama-shi, Ehime; CEO: Kenji Miyoshi; “Iyo Bank”) have signed a memorandum of understanding on comprehensive business alliance to help Iyo Bank’s corporate customers solve their management issues by utilizing Net Protections’ BNPL services, thereby contributing to regional revitalization in cooperation with each other. Under this alliance, Net Protections starts business matching in the field of BNPL services for Iyo Bank’s corporate customers.
Background and purpose of the partnership
In order to achieve the long-term vision to be a “corporate group continuing to create and provide new value” under the FY2021 Medium-term Management Plan, Iyo Bank is making group-wide efforts to solve issues of the local communities and customers.
It is possible to achieve operational efficiency and support the growth of new companies through introducing BNPL services into Iyo Bank’s corporate customers. Starting April 2022, business matching will start in four services: NP Atobarai, BtoC E-Commerce BNPL payment service; atone, BtoC BNPL payment service with membership benefits; NP Atobarai air, BtoC BNPL payment service for day-to-day services; and NP Kakebarai, BNPL payment service for BtoB.
The initiatives under the alliance are expected to streamline the billing process and improve productivity of Iyo Bank’s corporate customers through digitally transforming their operations. Furthermore, Iyo Bank can utilize it as its customers’ business management support such as sales increase. It may also serve as one of the effective alternatives to the full digitalization of negotiable instruments and checks as a goal of 2026.
To help develop and contribute to the local communities under the slogan “Iyo Bank’s Declaration on SDGs” by Iyo Bank, Net Protections will continue seeking collaborative opportunities under the strong partnership to fulfill the mission to “Create New Standard.”
Overview of Iyo Bank, Ltd.
【Company Name】
Iyo Bank, Ltd.
【CEO】
Kenji Miyoshi
【Website】
https://www.iyobank.co.jp/english/
【Business Outline】
Banking business
Leasing
Other banking related businesses
【Founded】
March 15, 1878
【Capital】
20.9 billion JPY
【Headquarter】
1, Minamihoribatacho, Matsuyama City, ,Ehime Prefecture
Overview of Net Protections, Inc.
Net Protections is a pioneer company in BNPL payment services in Japan and leading the market with top market share(※1). In 2002, Net Protections (NP) released NP Atobarai, Buy Now Pay Later (BNPL) payment service that guarantees risk free payment for merchants in Japan for the first time. For the year ended March 31, 2021, NP Atobarai’s annual transaction volume has kept increasing 116% as compared to the previous fiscal year. NP Atobarai is used by numerous enterprises with over 15.8 million unique users in Japan(※2) and has processed more than 280 million transactions to date. In 2011, NP introduced NP Kakebarai, BtoB BNPL payment service that simplifies BtoB transaction process and guarantees risk free with its accumulated know-how. NP Kakebarai has grown 127% yearly and plays a role as the dominant BtoB payment service provider in Japan. In 2017, Net Protections released atone, BtoC BNPL payment service with membership benefits that offers better shopping experience. In 2018, NP introduced AFTEE, BtoC BNPL payment service in Taiwan. NP has accumulated transaction data since its first service launched, which enables the pursuit of new opportunities in the field of big data analysis and continues to pursue long-term business growth and organizational development to fulfill the mission to “Create New Standard.”
【Company Name】
Net Protections, Inc.
(Net Protections Holdings, Inc.[Code: 7383, Prime Market of Tokyo Stock Exchange] Group)
【CEO】
Shin Shibata
【Website】
https://corp.netprotections.com/
【Business Outline】
BtoC e-commerce Buy Now Pay Later (BNPL) Service, NP Atobarai
BtoB BNPL Service, NP Kakebarai
BtoC BNPL Service, NP Atobarai air for individual day-to-day operations
BtoC BNPL Service with membership benefits, atone
BtoC BNPL Service in Taiwan, AFTEE
Point Reward System, NP Point Club
【Founded】
January, 2000
【Capital】
JPY 100 million
【Headquarter】
SUMITOMO FUDOSAN KOJIMACHI FIRST BUILDING 5F, 4-2-6 Kojimachi, Chiyoda-ku, Tokyo 102-0083 Japan
※1）Calculated based on the estimated size of BNPL market in Japan of JPY882 billion in FY2020 and the aggregate of GMV of NP Atobarai and atone in FY2020 of JPY360 billion. The estimated size of BNPL market in Japan is provided from Yano Research Institute “Online Payment/Settlement Service Providers 2021”
※2）The number of individual unique users of NP Atobarai based on the matching of duplicative names and phone numbers during FY3/2021 (April 1, 2020 to March 31, 2021).
Direct any inquiries regarding this release to:
Direct any inquiries regarding this release to:
JCB
EMAIL：jcb-pr@jcb.co.jp
Net Protections, Inc.
EMAIL：pr@netprotections.co.jp
