Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; “Net Protections”) is pleased to announce that the cumulative transaction volume*1 for payments made with BtoB Buy Now Pay Later (BNPL) service, NP Kakebarai, surpassed JPY 350 billion in April 2022.
※1）Total amount of payments made with NP Kakebarai (incl. consumption tax)
Behind the growth of NP Kakebarai
NP Kakebarai’s cumulative transaction volume surpassed JPY 350 billion in April 2022, 11 years after the service was launched in 2011. As of March 31, 2021, 460,000 companies, or one out of every eight companies in Japan, use the service annually.*2 The reasons behind the increased use of the service include the spread of digital transformation and accelerating work style reforms, in addition to revisions to the Law Concerning Preservation of National Tax Records and the need to prepare for a new invoicing system. NP Kakebarai has responded to these societal changes by providing a solution to the entire BtoB payment process, including credit checks, invoicing, payment collection, and non-payment risk guarantees, allowing it to provide customers with greater value and experience rapid growth. Another factor behind the increased usage of NP Kakebarai lies in the various collaborations with CRM platform providers and financial companies*3 which have enabled NP to support BtoB transaction-related digital transformation that is not limited to the domain of payments.
※2）Calculated as the number of Japanese companies at approximately 3.85 million (according to Ministry of Economy, Trade and Industry "2021 White Paper on Small and Medium Enterprises") / 460,000 unique purchasing companies per year for the fiscal year ending in March 2021
※3）Launched NP Kakebarai for Salesforce which enables centralized management of operations, from opportunities to billing
https://np-kakebarai.com/news/20220224/
In cooperation with Ricoh Leasing Company, Ltd., BtoB transaction payment service NP Kakebarai launched a new function that allows customers to select their accounts receivable payment date.
https://np-kakebarai.com/news/20220408/
Effective digital transformation in BtoB payment operations
The BtoB payment process includes various components including credit checks, invoicing, payment confirmation, and reminders in case of late or uncollected payments. According to Net Protections’ surveys,*4 professionals involved in sales and management spend approximately 20 business days per year on billing-related tasks. When asked about their job satisfaction, 70% of accountants say they “would like to be involved in creating more value than they currently do.” By undertaking the entire payment process for corporate customers, NP Kakebarai creates an environment in which customers can concentrate on their primary focal points of management, planning, and customer service, thereby supporting the promotion of business operations.
※4） Net Protections “Survey on payment operations”
https://np-kakebarai.com/content/work_style_reform_1/(Japanese only)
Net Protections “Survey on accounting operations”
https://np-kakebarai.com/news/20220328/(Japanese only)
About NP Kakebarai
NP Kakebarai is a BtoB Buy Now Pay Later (BNPL) service that guarantees risk-free transactions and streamlines the complicated billing/payment process between merchants and customers through credit screening, billing, collection, payment confirmation, and payment reminders. With NP Kakebarai, businesses can outsource and digitally transform the whole billing process, thus it is able to reduce unnecessary operations and boost productivity. In addition, NP Kakebarai's sophisticated credit screening system which does not rely on the traditional Credit Bureau, accurately detects delinquency risk while maintaining 99% approval rate (※5), thus merchants can easily handle SMEs, even individual businesses while preventing risks. Therefore, it contributes to merchants’ sales increase and market expansion, also improvement of cash flow for clients for its flexible payment deadline. As of 2022, NP Kakebarai's annual transaction volume is JPY 97.9 billion, and 460,000 companies, or one out of every eight companies in Japan, use the service annually. NP Kakebarai will continue to be dedicated to providing the service creating a sustainable environment in which all stakeholders can challenge and grow more freely.
For further information regarding NP Kakebarai: https://np-kakebarai.com (Japanese only)
https://np-kakebarai.com/
※5）As of March 31, 2022
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, 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
*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
Direct any inquiries regarding this release to:
Net Protections PR
Email: pr@netprotections.co.jp
