#Japan #Tokyo #B2B Payments #Net Protections #JCB

Introduction

Net Protections Holdings, headquartered in Chiyoda, Tokyo, has recently formalized a strategic partnership with JCB, one of Japan's leading credit card companies. This collaboration is focused on advancing business-to-business (B2B) payment systems, a critical area that has faced challenges due to outdated practices and cash flow concerns.

Background of the Partnership

Despite advances in technology, B2B transactions in Japan still rely heavily on analog systems, resulting in inefficiencies and increased risk during the billing and collection processes. Net Protections aims to address these issues through its innovative payment service, NP Kakebarai, which leverages unique credit evaluation methods and operational systems. Meanwhile, JCB, as a prominent player in the international card sector, brings a wealth of resources, including an extensive network of affiliated merchants and advanced payment solutions.

This partnership seeks to combine the strengths of both companies to propel the digitization and cashless transformation of B2B payments.

Key Partnership Initiatives

As part of their collaboration, Net Protections and JCB will be focusing on several key initiatives:

1. Issuing Corporate Cards for NP Kakebarai Members: By the end of September 2027, both companies will explore the development of a corporate card for businesses utilizing NP Kakebarai. This initiative will not only streamline transactions related to the service but will also facilitate cashless payments for other business-related expenses, reducing administrative burdens and promoting growth.

2. Integrating Credit Card Payment Options into NP Kakebarai: There will be a focus on enabling credit card payments for invoices issued through NP Kakebarai, set to be implemented by the end of December 2027. This new function will enhance the flexibility of cash flow for users, allowing them to manage their payments more effectively.

3. Strengthening Business Portal Services: Both companies will enhance their collaboration by integrating JCB's solutions with NP Kakebarai, leveraging existing payment data and expertise to create higher-value services for their clients.

Quotes from Company Leaders

Satoshi Shibata, President of Net Protections, expressed enthusiasm about the partnership, stating: "We are delighted to deepen our collaboration with JCB, a prominent international card brand. The fusion of our knowledge in B2B payments with JCB's advanced payment solutions will not only improve businesses' cash flow but also modernize Japan's traditional business practices."

Takayoshi Nio, President of JCB, reiterated the potential of this partnership: "We are thrilled to collaborate with Net Protections, a leader in the Kakebarai market. Their substantial value and expertise in B2B payments represent a formidable partnership that will enhance convenience in corporate transactions. Together, we aim to create innovative solutions that resolve our clients' management challenges."

Company Profiles

Net Protections

• - Founded: January 2000
• - Capital: 100 million yen
• - Location: 5th floor, Sumitomo Real Estate Kojimachi First Building, 4-2-6 Kojimachi, Chiyoda, Tokyo
• - Website: Net Protections

JCB (Japan Credit Bureau)

• - Founded: January 25, 1961
• - Capital: 10.61 billion yen
• - Location: Aoyama Rise Square, 5-1-22 Minami Aoyama, Minato, Tokyo
• - Website: JCB

With this partnership, both Net Protections and JCB are set to redefine the landscape of B2B payments in Japan, leading to substantial improvements in operational efficiency and customer satisfaction.