Net Protections, Inc., credit tech pioneer creating new credit ecosystem (Headquarters: Chiyoda-ku, Tokyo; President: Shin Shibata; hereinafter “Net Protections”), and Orient Corporation (Headquarters: Chiyoda-ku, Tokyo, President and CEO Tetsuo Iimori; hereinafter “Orico”) have entered into a business partnership for NP Atobarai air, B2C payment for day-to-day service provided by Net Protections. Under this agreement, Orico will start offering NP Atobarai air.

Background of Partnership

Orico has a footprint of 111 branches in all 47 prefectures of Japan, 840,000 participating businesses, and 11.06 million credit card users(※1). Orico provides a variety of payment products and services across an array of sectors, such as online payment solutions and payment processing, with the company’s core businesses being in car loans, shopping credit, credit cards, and guarantees for financial institutions. Net Protections has entered into this business partnership with the aim of driving business forward by forming an alliance with Orico, taking advantage of their solid customer base. This partnership means a rapid expansion in providing participating businesses and consumers with the convenience of Buy Now Pay Later (BNPL) services in all BtoC markets. Going forward the companies will continue to envision potential ways of collaborating together in a strong partnership.

*1） As of the end of March 2021. Numbers based on consolidated results.

About NP Atobarai air

“NP Atobarai air” is a B2C post-payment service that meets a wide variety of operational needs for day-to-day services. It can be used from repair business, maintenance and cleaning to rental service. Receiving service requests from merchants, NP Atobarai air handles operations of account receivable procedures such as issuing invoice, collecting and confirming customer’s payment with guarantee against bad debt. It delivers great customer experience as customers are able to complete payment via bank, convenience store, post office, or LINE Pay.

For further information regarding NP Atobarai air：https://www.netprotections.com/air(Japanese Only)

Overview of Net Protections, Inc.

Net Protections, Inc. is a pioneer company in Buy Now Pay Later (BNPL) services in Japan and is leading the market with the largest market share (※2). 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. In FY2020, NP Atobarai’s annual transaction volume has hit the growth rate of 116% compared to the previous fiscal year. NP Atobarai is used by numerous enterprises with over 15.8 million unique users in Japan (※3) and has processed more than 280 million transactions to date. In 2011, Net Protections released NP Kakebarai, a BNPL service for BtoB. NP Kakebarai has grown 127% yearly and played a role as the dominant BtoB payment service in Japan. In 2017, Net Protections launched atone, BtoC BNPL service with membership benefits that offers better shopping experience. 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.
・Representative：Shin Shibata, CEO
・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 program, 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

*2）Surveyed Japan’s top 300 companies in the “75th EC and mail order sales ranking” published in Tsuhan Shimbun as of Jan. 7, 2021. Based on the portion of merchants outsourcing BNPL operations that use NP Atobarai as of Mar. 1, 2020.　　　　　　　　　*3）Source: Company information.The number of annual unique users: the number of users based on the matching of names and phone numbers during a fiscal year (Apr.1, 2020 to Mar.31, 2021)

Overview of Orico

・Trading Name　　　：Orient Corporation
・Representative　　：Tetsuo Iimori, President and CEO
・Website　　　：https://www.orico.co.jp/
・Main Businesses　：Credit cards and cash loans business
Settlement and guarantee business
Installment credit business
Bank loan guarantee business
Founded　　　：1954
・Capital　　：150 billion JPY (As of March 31, 2021)
・Head Office　　：5-2-1, Kojimachi, Chiyoda-ku, Tokyo 102-8503

Direct any inquiries regarding this release to:

Representative：Net Protections PR Dpt.
Email：pr@netprotections.co.jp

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