#Japan #Tokyo #UPSIDER #支払い.com #クレディセゾン

Launch of the innovative invoice card payment service

UPSIDER, a financial platform headquartered in Minato, Tokyo, has recently announced an exciting new feature of its invoice card payment service, '支払い.com,' created in partnership with Credit Saison. This initiative allows companies, even those lacking financial expertise, to implement their own invoice card payment services under their brand without the burden of operational complexities or credit checks.

Background of the Initiative

Many small and medium-sized enterprises (SMEs) face chronic cash flow challenges mainly due to delayed payments and prepayments. Industries like construction, manufacturing, and retail often find themselves in situations where material and outsourcing costs arise long before sales revenue is paid, leading to considerable cash flow distortions. Despite the heavy reliance on bank transfers for corporate transactions, the use of credit card payments remains limited. Consequently, businesses often prioritize cash flow management over expansion opportunities.

To address this structural disparity, '支払い.com' enables users to convert bank transfer payments for invoices into credit card payments, facilitating a cash flow improvement of up to 60 days. Since its launch in 2022, the service has processed over 100 billion yen in payments, earning high acclaim particularly among SMEs as a tool for enhancing cash flow.

UPSIDER aims to extend access to the invoice card payment service to more companies by providing a packaged solution that includes essential features and operational support, enabling partner firms to launch this service under their brand.

Overview of the Service

On utilizing the service, customers will contract directly with UPSIDER, allowing UPSIDER to manage all related contractual agreements, credit assessments, and operational issues. Partners can therefore launch this service without incurring risks or undertaking complex management tasks.

Additionally, UPSIDER offers a revenue-sharing model to partner companies based on the transactions and volumes processed through the service, creating new revenue opportunities through collaboration.

Key Features of the Invoice Card Payment Service

• - Flexible Branding: Partners can customize the service name, application pages, and marketing materials according to their brand’s identity, allowing for better assimilation with their existing customer base.
• - Operational Responsibility: UPSIDER will handle all necessary operations, from agreements with users to credit card assessments and customer support, permitting partners to concentrate on their strengths in client engagement.
• - Attractive Revenue Sharing: The revenue-sharing model ties rewards to the number of transactions processed and total payment amounts, offering potential for sustained income as the service expands, and serving as a revenue basis for promotional and partnership initiatives.

Future Prospects

Looking ahead, UPSIDER plans to collaborate widely with industry-specific organizations, networks within construction, manufacturing, and retail sectors, as well as local financial institutions and SaaS companies. This will facilitate the delivery of the new payment option, '支払い.com,' to a larger number of companies.

Through these collaborations, UPSIDER aims to develop and deploy financial services tailored to specific industries, helping to resolve deeper financial challenges. The company's ongoing mission is to create a global financial platform that supports challengers, focusing on building and providing financial services that foster business growth.

Contact for Partnerships and Inquiries

Interested companies are encouraged to reach out through the following link for partnership discussions: Contact UPSIDER.

About UPSIDER

UPSIDER is committed to creating a financial platform that supports challengers, offering corporate cards and invoice card payment services, with over 80,000 businesses utilizing these services to date. In addition, the company recently established UPSIDER Capital to promote lending to growth-stage ventures and announced a new joint venture fund with Mizuho Financial Group.

Visit the UPSIDER website for more information.

Conclusion

UPSIDER continues to evolve, moving from providing corporate cards to being an integrated financial institution capable of supporting Japanese businesses in the global arena, focusing on enhancing competitiveness supported by advanced financial technology.