Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; “Net Protections”) is pleased to announce that credit card payments are available for some members of NP Kakebarai starting July 19.
About NP Kakebarai Card Payment
NP Kakebarai Card Payment is a service that allows businesses to pay their bills with credit cards. Businesses can postpone their payment due date and improve cash flow. Bills that were previously paid by wire transfer or at convenience stores can now be paid by credit cards at once, leading to operational efficiency improvement. Businesses can easily pay with credit cards without any prior documentation. It does not require any advance preparation compared to other financing or factoring services.
Features of NP Kakebarai Card Payment:
・No need to submit financial statements or other documents.The service is available from the next business day after registration.
・Credit cards can be used to extend the payment due date by up to 60 days* (The number of days carried over depends on the date of card payment application and the due date on the card being used. Visa and Mastercard® are supported, while JCB is in the process of being added.)
・ Users can check the progress of their credit card payment application, as well as the suppliers and bills they have applied for in the past.
The Future of NP Kakebarai Card Payment
Net Protections will start offering NP Kakebarai Card Payment to some of NP Kakebarai members, and will expand it to all members in the future. To provide its service to approximately 570,000*1 companies that use NP Kakebarai, Net Protections will seek to improve convenience by increasing the number of credit card brands compatible with the service, providing financing services, and other services.
*1 Number of purchasing companies with matching phone numbers as of April 1, 2022 ~ March 31, 2023.
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*2, 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 136.9 billion, and 570,000 companies, or one out of every six companies in Japan, use the service annually*3. 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 more information about NP Kakebaraihttps://np-kakebarai.com/
*2
As of March 31, 2023
*3
Calculated based on approximately 3.67 million companies in Japan (from the 2021 Economic Census - Activity Survey by the Ministry of Internal Affairs and Communications and the Ministry of Economy, Trade and Industry) divided by 570,000 unique purchasing companies in the fiscal year ended March 31, 2023
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/
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
