On Friday July 1, 2022, Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; "Net Protections") launched API linkage (fully automatic registration) of NP Connect Pro with instant credit screening in its NP Atobarai with futureshop, an SaaS e-commerce shopping cart operated by Future Shop Co., Ltd. (headquartered in Kita-ku, Osaka; CEO: Yuko Hoshino; "Future Shop"), a group company of Commerce One Holdings, Inc. listed on the Growth Market of the Tokyo Stock Exchange. To commemorate the collaboration, a limited-time offer will be available for futureshop stores.
Benefits to e-commerce companies by this release *1
1. Improved user experience
Customers are able to see credit screening results immediately when their order is confirmed. This allows customers to change the payment method on the spot in the event of credit denial. The new system provides a smooth purchasing experience by eliminating the hassle of changing payment methods at a later time and preventing cancellations due to oversights. With lower cancellation rates, sales increases can also be expected.
2. Reduced operational burden and immediate credit screening results
Since customers are able to see credit screening results immediately, additional notification is not required for those who got rejected. The system also allows users to change the payment method on the screen. The need to hold inventory until payment is completed is also not required, making NP Atobarai easier to use when operating a service that provides immediate shipment.
3. Simplified operational process and automation of BNPL transaction tasks
With this linkage, the tasks that occur when using NP Atobarai (transaction registration, credit screening result acquisition, and delivery slip number registration when utilizing the automatic linkage function of futureshop) are fully automated. As a result, the operational process of futureshop stores can be greatly streamlined.
*1: futureshop stores already using NP Atobarai need to switch to NP Atobarai (Instant Credit Screening) to enable the feature. Please contact Net Protections for details on how to switch.
Offer details
No service fees or fixed monthly fees for up to four months including the month the account is issued plus the following three months.
Offer Period
July 1, 2022 ~ September 30, 2022
Eligible Stores
futureshop stores that complete the application during the above period *2
*2: e-commerce companies that already use NP Atobarai are not eligible.
About NP Atobarai
NP Atobarai is a Buy Now Pay Later (BNPL) service for BtoC e-commerce. As the first BNPL service in Japan, it has become the most used and trusted BNPL service in Japan. It yearly processes transactions over JPY 374.5 billion with more than 15 million unique users (※A). NP Atobarai provides a simple & easy-to-use BNPL service, and no credit card information is required. 1 out of 7 Japanese reported that they have paid with NP Atobarai (※B). Customers find NP Atobarai easy and safe to use, especially with their first-time visiting online retailers because they can pay with confidence after the arrival of the order. Also, for NP Atobarai stores, merchants can satisfy demand for BNPL that takes up 20% of online shopping (※C) and expect sales increase while preventing risks.
For further information regarding NP Atobarai: https://www.netprotections.com (Japanese Only)
※A) The number of individual unique users of NP Atobarai based on the matching of duplicative names and phone numbers during FY2021 (April 1, 2021 to March 31, 2022).
※B) Based on “Preliminary Counts of Population of Japan” by Statistics Bureau of Japan (As of April 1, 2021) which estimated the number of individuals aged 15 years and older amounted to 110.5 million people in Japan and the number of NP Atobarai's annual unique users (15.3 million).
※C) Source: company research.
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 (※6) 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, Prime Market of the Tokyo Stock Exchange] Group)
【President & CEO】
Shin Shibata
【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 individual day-to-day operations, 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
※６）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
About Future Shop Co., Ltd.
【Company Name】
Future Shop Co., Ltd.
(Commerce One Holdings, Inc. [Code: 4496, Growth Market of the Tokyo Stock Exchange] Group)
【Representative】
Yuko Hoshino, CEO
【Website】
https://www.future-shop.jp/
【Services】
E-commerce support services
SaaS e-commerce shopping cart, futureshop
【Founded】
March 2010 (Spin-off of Future Spirits, Inc.)
【Head Office】
Grand Front Osaka Tower A 24th Floor, 4-20 Ofuka-cho, Kita-ku, Osaka
Direct any inquiries regarding this release to:
Net Protections PR
Email: pr@netprotections.co.jp
