Net Protections Implements Major Capital Alliance with JCB, Acquiring Roughly Six Billion Yen, Strengthening the Business Alliance
Summary
Net Protections Group is continuing various efforts to realize even more growth for both the expanding BNPL market platforms within Japan and beyond, and for B2B payment systems infrastructures. A decision was made to advance this capital alliance with JCB as part of the needed plans to strengthen Net Protection’s business promotion. BNPL and credit cards will complement each other as a means of payment for e-commerce transactions, and with the synergy that can result when Net Protections Holdings and JCB work together, we believe we can offer customers high-quality services that they will be happy to use. Shin Shibata, CEO, Net Protections Holdings We are elated to be able to enter into a capital alliance at this juncture with JCB, the sole international credit card brand originating in Japan. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base.