Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; “Net Protections”) is pleased to announce its partnership with the subsidiary of Juroku Financial Group, Inc, Juroku Card Co., Ltd.(headquartered in Gifu-shi, Gifu; CEO: Fumitaka Yoshimura; ”Juroku Card”). Through Buy Now Pay Later (BNPL) services, Net Protections will support local businesses and promote cashless in the Tokai region.
Background and purpose of the partnership
The Tokai region, where Juroku Card mainly operates its business, is an area where many industries are concentrated, with 4 prefectures of the region (Aichi, Gifu, Shizuoka, Mie) accounting for 12.9%*1 of Japan’s national gross prefectural products.
Industries in the Tokai region are becoming less competitive in the international market due to technological improvements overseas and a shrinking domestic market. To revitalize Tokai’s regional economy, industries are in need of increasing their industrial power by improving business efficiency and expanding their business throughout Japan.
Juroku Card expects Net Protections’ BNPL services to help businesses in the Tokai region improve efficiency of billing operations and improve user convenience, thus increasing sales outside the Tokai region.
Juroku Card will begin offering Net Protections’ BNPL services (NP Atobarai, atone, NP Atobarai air and NP Kakebarai) to its merchants and business clients. Users can expect nationwide expansion of their products through online sales and new customer acquisition because they can reach customers who do not user credit cards. Also, BNPL services can promote cashless as they provide a safe, simple and convenient shopping experience.
Net Protections expects to increase its merchants by leveraging Juroku Card’s customer base.
*1 Economic structure of the Tokai region (Tokai Local Finance Bureau) (Japanese only)
https://lfb.mof.go.jp/tokai/content/keityou/keizaikouzou.pdf
https://lfb.mof.go.jp/tokai/content/keityou/keizaikouzou.pdf
About the partnership
Net Protections will first promote its BNPL services to merchants and business clients of Juroku Card and then to other group companies of the Juroku Financial Group to help solve any issues they may face.
About the BNPL services
NP Atobarai
NP Atobarai is a Buy Now Pay Later (BNPL) service for BtoC e-commerce. Users can make purchases immediately and pay for them later. No sign-up or credit card is required to use. Merchants can prevent cart abandonment because they can satisfy BNPL demands. Also, merchants can focus on their main business because NP Atobarai takes on all of the BNPL operation process from credit screening to payment collection with a risk-free guarantee.
For more information about NP Atobarai: https://www.netprotections.com (Japanese only)
atone
atone is a mobile-optimized BNPL service for both online and in-store purchases. Users can make purchases immediately and pay for them later without registering a bank account, credit card, or adding funds. On the other hand, atone merchants can prevent cart abandonment which customers leave the site without completing their purchase. In offline stores, atone can contribute to cashless without losing customers who own credit cards but do not use them. The reward points program makes new acquisition and repeat purchases much easier.
For more information about atone: https://atone.be/ (Japanese only)
NP Atobarai air
NP Atobarai air is a BNPL service for on-site services such as equipment repair and housekeeping. Payment can be made after the service is rendered. No sign-up, credit card, or cash preparation on the day of service is required to use. Merchants can focus on their main business because NP Atobarai air manages all the settlement operations from credit screening, invoicing, to payment collection between merchants and their customers. It also covers non-payment risks.
For more information about NP Atobarai air: https://www.netprotections.com/air (Japanese only)
NP Kakebarai
NP Kakebarai is a BNPL service for BtoB transactions. Merchants can streamline their payment and settlement operations and focus on their main business because it manages all the settlement operations from credit screening, invoicing, to payment collection between merchants and their clients. It also covers non-payment risks. Furthermore, its unique credit screening system that does not rely on conventional credit bureau has a credit approval rate of 99%*2 including sole proprietors, which can be expected to expand sales channels and increase sales. Buyers can improve their cash flow by using NP Kakebarai.
For more information about NP Kakebarai: https://np-kakebarai.com/ (Japanese only)
*2 As of March 31, 2023
About Juroku Card Co., Ltd.
Company Name: Juroku Card Co., Ltd.
Representative: Fumitaka Yoshimura, CEO
Website: https://www.16card.co.jp/ (Japanese only)
Founded: August 13, 1982
Capital: JPY 55.75 million
Head Office: Kanda Chou 7-12 Gifu-shi, Gifu 500-8556 Japan
About Net Protections, Inc.
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/
Business Description: Provision of Buy Now Pay Later (BNPL) services
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
Direct any inquiries regarding this release to:
Net Protections PR
Email: pr@netprotections.co.jp
