#Japan #Tokyo #B2B Payments #Money Forward #Kessai

Significant Achievement in B2B Payments

Money Forward Kessai Inc. is thrilled to announce a landmark achievement—their invoice card payment service has surpassed a cumulative total of 10 billion yen in transactions. This service offers businesses a unique solution to pay invoices via credit card, even when the invoices specify bank transfers as their payment method. This creates a seamless experience, enhancing payment efficiency without disrupting existing workflows.

Transforming Payment Processes

The invoice card payment service shifts the traditional approach to business transactions, allowing companies to maintain their established invoice payment methods while benefiting from credit card payments. This innovation not only makes it easier for businesses to handle their payment processes but also affords them the ability to delay cash outflows, enabling companies to utilize available funds for strategic investments.

As of now, Japan's cashless transaction ratio has significantly increased, led primarily by consumers, reaching 39.3%. In this mix, 83.5% of cashless payments are made via credit cards. However, within the realm of corporate transactions, bank transfers remain high at 70.5%, whereas credit card usage only represents 18.1%. This reflects a growing demand for diverse payment options in B2B transactions.

The Japanese Ministry of Economy, Trade and Industry also promotes cashless solutions for corporate payments. The push towards efficiency through cashless transactions is expected to enhance productivity, particularly among small and medium-sized enterprises. The use of corporate credit cards is anticipated to significantly improve operational efficiency and foster digital transformation in businesses.

Embracing the Future

At Money Forward Kessai, the mission continues to be, “To make B2B payments secure and smooth.” As they progress, the company aims to provide more companies with convenient payment solutions tailored to meet market demands. With features that include hassle-free applications via smartphones, the ability to earn points on card transactions, and no maximum or minimum usage limits, the service promises to support businesses in achieving streamlined financial operations.

Crucially, the platform works with major credit card networks like Visa, Mastercard, and JCB, while maintaining competitive fee rates. This flexibility makes it an attractive option for many businesses still heavily reliant on traditional payment methods.

About Money Forward Kessai Inc.

Located in Tokyo, Money Forward Kessai Inc. specializes in developing and providing finance services tailored for businesses. Aside from the invoice card payment service, they also offer various innovative financing solutions, such as post-payment services and cash flow solutions for startups, reinforcing their commitment to promoting financial efficiency in the B2B sector. Their services cater to the evolving needs of companies navigating the landscape of modern finances.

For additional details about the invoice card payment service and other offerings, please visit Money Forward Kessai. For any inquiries related to their services, reach out via email at business@mfkessai.co.jp.