The country's unique approach to credit card payments undercuts the appeal of BNPL seen elsewhere, with the service finding a different niche as a result.
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Net Protections Holdings, Inc., headquartered in Tokyo’s Chiyoda Ward, Shin Shibata, CEO, decided to execute a capital increase through third party allocation, receiving approximately six billion yen from JCB Co., Ltd, headquartered in Tokyo’s Minato Ward, Ichiro Hamakawa, Chairman and CEO. This round of capital acquisition increases JCB’s investment stake in Net Protections Holdings to 10.24%. At the same time, the two companies will begin a business alliance in the buy now, pay later (BNPL) market both within Japan and abroad.
Net Protections Implements Major Capital Alliance with JCB (Graphic: Business Wire)
Objectives for the Capital Alliance
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Net Protections Holdings, Inc., headquartered in Tokyo s Chiyoda Ward, Shin Shibata, CEO, decided to execute a capital increase through third party allocation, receiving approximately six billion yen from JCB Co., Ltd, headquartered in Tokyo s Minato Ward, Ichiro Hamakawa, Chairman and CEO. This round of capital acquisition increases JCB s investment stake in Net Protections Holdings to 10.24%. At the same time, the two companies will begin a business alliance in the buy now, pay later (BNPL) market both within Japan and abroad.
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Net Protections Implements Major Capital Alliance with JCB (Graphic: Business Wire)
Net Protections Implements Major Capital Alliance with JCB, Acquiring Roughly Six Billion Yen, Strengthening the Business Alliance apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.