Smartpay Co., Ltd.
Three new banks, Mitsubishi UFJ Bank and Fukuoka FG, have been added to Smartpay’s “Bank Direct” instant withdrawal function from bank accounts.
Zero interest and fees, deferred payment service in 3 installments, and direct debit available at a total of 226 financial institutions, including all megabanks
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Smartpay Co., Ltd. (Headquarters: Minato-ku, Tokyo, Managing Director and Chief Revenue Officer: Naoya Otsubo, hereinafter referred to as the Company), which provides the deferred payment payment service “Smartpay,” has launched the BNPL service “Smartpay Instant Account” that allows instant withdrawal from bank accounts. We are pleased to announce that we have added 4 new affiliated financial institutions to “Withdrawal (Bank Direct)”, making it available to a total of 226 banks.
[Image: https://prtimes.jp/i/90309/13/resize/d90309-13-7a987875057bfb929ae1-0.png&s3=90309-13-9bbd7936d9b5626b6186e1e7c1f7173c-1200×500.png ]
Smartpay and Bank Direct are available at many participating stores including Snow Peak, Urban Research, JUN, Beams, Onward, AOKI, Lacoste, and more.
Partner financial institutions now available for “Smartpay Instant Direct Debit (Bank Direct)”
The following financial institutions will now be able to use Bank Direct. If you have an account with one of these banks, you can connect your bank account to Bank Direct and use instant bank direct debit without the need for cash or credit card when shopping, or pay in installments using direct debit. .
Mitsubishi UFJ Bank
Fukuoka Bank
Eighteen Shinwa Bank
Kumamoto Bank
With this addition, Smartpay Bank Direct can now be used at a total of 226 financial institutions, including three megabanks including Sumitomo Mitsui Banking Corporation and Mizuho Bank, as well as regional banks, labor banks, and credit unions. See below for a list of available financial institutions.
https://smartpay.co/bank-direct/
About “Smartpay Instant Direct Debit (Bank Direct)”
Developed in cooperation with the Japan Electronic Payment Promotion Organization (JEPPO), BankDirect partners with various banks and financial institutions in Japan to provide direct debit functionality. If you use Bank Direct, you can link your bank account information to the Smartpay app and pay for purchases eligible for deferred payment or installment payments by direct debit from your account without incurring fees or interest.
This time, four new affiliated financial institutions have been added to Bank Direct, making it possible to link a total of 226 bank and credit union accounts to Smartpay. This will enable even more Smartpay users to shop cashless and use deferred payment and installment payments even if they do not have a credit card. Unlike many other BNPL services, Smartpay does not require users to visit a convenience store to make payments; it is highly convenient and allows users to complete payments using just the app.
In addition, Bank Direct also offers users more control over their spending, including simultaneous payment with purchase, advance payment options when paying in installments, and specifying a different credit card or account for each installment. . We will continue to collaborate with more financial institutions so that more Smartpay users can use Bank Direct’s direct debit function.
Safety initiatives
Smartpay Instant Direct Debit (Bank Direct) is a partnership with Japanese banks and financial institutions that provides a high level of security for consumers who have previously been hesitant to use digital payments due to security concerns. We use industry best practices to prevent fraud, including user authentication (eKYC), two-factor authentication, biometric authentication, and data encryption, allowing us to provide services that allow you to make payments safely at all times. In addition, we introduced 3D Secure as early as possible before it was mandated by the Ministry of Economy, Trade and Industry, and have operated our business with the security of consumers and businesses as our top priority. Bank Direct, which boasts a high level of security, supports e-KYC using driver’s licenses, etc., and provides users who have completed identity verification with a spending limit of up to 60,000 yen in a single payment. I am.
About Smartpay
Smartpay is a fintech company that develops and provides smart solutions to help consumers manage their daily expenses and improve their financial well-being. We provide the best tools to create a state where you are not tied to money. For the first time in Japan, we provide a BNPL payment solution that provides an all-in-one payment experience that does not charge any interest or fees, solving problems in the payment experience for consumers, and improving the conversion rate and average purchase price for businesses. We are contributing to the improvement of
For more information, please visit https://smartpay.co/.
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