Net Protections Launches Atone Payment System with Boku to Enhance Global eCommerce Experience

Net Protections Integrates Atone Payment with Boku, Inc.

Net Protections, a prominent name in the payment solutions industry based in Chiyoda, Tokyo, has made a significant move by partnering with Boku, Inc., a global leader in local payments headquartered in California. This collaboration aims to streamline the process of integrating their innovative post-payment service, Atone, into global commerce networks.

A New Era for Post-Payment Service in Japan

This partnership marks the completion of the integration utilizing a standardized connection protocol intended for global commerce. Through this collaboration, international businesses within Boku's expansive network can now easily incorporate the Atone system for their Japanese consumers.

As global companies leverage Boku's extensive reach, encompassing over 60 countries and 7 billion customer accounts, they can provide preferred local payment options. These include digital wallets, inter-account transactions, and Buy Now, Pay Later (BNPL) solutions tailored to regional consumer preferences.

Addressing Unique Challenges in the Japanese Market

In Japan, many consumers either lack credit cards or prefer cash-based methods such as cash on delivery or convenience store prepayments. This unique payment landscape presents challenges to global businesses trying to penetrate the Japanese market. The partnership is well-positioned to resolve these issues, ensuring that local payment habits are accommodated seamlessly.

Furthermore, the collaboration fosters potential expansions into Taiwan and Vietnam, hinting at a bright future for Atone's reach across Asia.

Benefits of the Partnership

For Merchants: Increased Retention and Reduced Risks

Previously, prepaid or charge-based systems faced challenges such as failed subscription renewals due to insufficient balance. In contrast, Atone’s post-payment capability allows for uninterrupted subscription services without the worry of maintaining a balance, thus enhancing customer retention while significantly reducing the risk of uncollected payments. This partnership marks Boku's first foray into BNPL, broadening payment method options for merchants.

For Users: Easy and Secure Payments Without Credit Cards

For users without credit cards, utilizing streaming services is now simpler than ever, requiring only a phone number and password for access. Payments can be consolidated and made at convenience stores the following month, streamlining financial management.

Future Outlook

The future seems promising as Net Protections and Boku strengthen their partnership to offer the most convenient payment experience for Japanese users while supporting international businesses aiming to enter the Japanese market. The plan includes launching service integrations with major video streaming platforms, followed by sports streaming and online gaming sectors focusing on digital content.

About Atone

Atone is a post-payment service that can be utilized in both online and physical retail spaces. It allows customers to make purchases without the need for bank account or credit card information in advance, paying after the transaction instead. This service notably helps businesses prevent cart abandonment and loss of sales while promoting cashless transactions within stores. In addition, Atone supports loyalty programs that contribute to acquiring new customers and increasing repeat purchases. For more information, visit Atone.

About Boku

Boku serves as a local payments partner for global commerce. It connects merchants to over 60 countries and allows access to a multitude of customer accounts, providing varied payment methods. Boku also aids client acquisition and retention without requiring market presence in every location through its complementary services. Major global companies like Spotify, Meta, Microsoft, and Netflix rely on Boku's platform for their payment solutions. Founded in 2008 and headquartered in London, Boku is listed on the London Stock Exchange with the ticker BOKU.