Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; “Net Protections”) and North Pacific Bank, Ltd. (headquartered in Chuo-ku, Sapporo; CEO: Mitsuharu Yasuda; “North Pacific Bank”) have entered into a business matching basic agreement to support North Pacific Bank’s corporate customers in resolving business issues, and will begin business matching using Net Protections’ BNPL service for North Pacific Bank’s corporate customers.
Background and purpose of the partnership
In April 2020, North Pacific Bank announced a medium-term business plan entitled “Deepening Co-Creation, Aiming to be Our Customers’ and the Region’s Most Trusted Partner.” The plan is centered on further improving customer satisfaction and maximizing value by becoming a more familiar presence and considering customers more deeply, as well as leveraging the group’s total capabilities to provide consulting and the best services and solutions.
Net Protections’ BNPL services enable North Pacific Bank customers to improve billing process efficiency and productivity by digitally transforming the payment and billing operations. Moreover, the BNPL services can be used to increase customers’ sales and promote management support. With this agreement, business matching will start in four services: NP Atobarai, BtoC e-commerce BNPL service; atone, BtoC cardless BNPL service; NP Atobarai air, BtoC BNPL service for on-site services; and NP Kakebarai, BNPL service for BtoB.
To help North Pacific Bank achieve its “Deepening Co-Creation” plan and, by extension, support the sustainability of the region, Net Protections will consider opportunities for further collaboration under a strong partnership going forward to realize our company’s goal of “creating a society where anyone can safely and smoothly engage in commercial transactions through BNPL payment services.”
About North Pacific Bank
【Company Name】
North Pacific Bank, Ltd.
【Representative】
Mitsuharu Yasuda
【Websie】
https://www.hokuyobank.co.jp/
【Founded】
August 20, 1917
【Capital】
JPY 121.1 billion
【Head Office】
3-7 Odorinishi, Chuo-ku, Sapporo, Hokkaido, Japan
About Net Protections, Inc.
Net Protections, Inc. is a pioneer of Buy Now Pay Later (BNPL) services in Japan. In 2002, Net Protections launched its first service, NP Atobarai, a BNPL that guarantees risk-free transactions for businesses and provides a deferred payment for customers in Japan for the first time. NP Atobarai is used by numerous enterprises with over 15 million users (※1) and has surpassed 340 million transactions as of March, 2022. In 2011, Net Protections released NP Kakebarai, a BNPL service for BtoB. NP Kakebarai has grown 130% yearly and played a role as the dominant BtoB payment service in Japan. In 2017, Net Protections launched atone, BtoC BNPL service that can be used at not only e-commerce, but also digital content and physical retailers. In 2018, Net Protections released AFTEE, BtoC BNPL service in Taiwan. Net Protections has accumulated transaction data and knowledge since its first service launched, which has enabled it to build a sophisticated credit screening system and solid operation skills. Net Protections always pursues creating a society where everyone can do business safely and easily.
[Company Name]
Net Protections, Inc.
(Net Protections Holdings, Inc. [Code: 7383, the Prime Market of the Tokyo Stock Exchange] Group)
[Representative]
Shin Shibata, CEO
[Website]
https://corp.netprotections.com/en/
[Services]
BtoC e-commerce Buy Now Pay Later (BNPL) service, NP Atobarai
BtoB BNPL service, NP Kakebarai
BtoC BNPL service for on-site services, NP Atobarai air
BtoC cardless BNPL service, atone
BtoC BNPL service in Taiwan, AFTEE
Point reward program, NP Point Club
[Founded]
January, 2000
[Capital]
JPY 100 million
[Head Office]
Sumitomo Fudosan Kojimachi First Building 5th Floor, 4-2-6 Kojimachi, Chiyoda-ku, Tokyo 102-0083, Japan
※1）The number of individual unique users of NP Atobarai based on the matching of duplicative names and phone numbers between April 1, 2021 to March 31, 2022
Direct any inquiries regarding this release to:
Net Protections PR
Email: pr@netprotections.co.jp
