MyPayment
Leading the Future of Payments with Barcodes

MyPayment, a payment service by NTT Internet Corporation, is transforming the way consumers pay at Japanese convenience stores. This innovative solution eliminates the need for traditional paper invoices, which have long been the dominant form of payment in Japan. Customers simply display barcoded invoices on their smartphones, simplifying the process and boosting transaction efficiency.

“Thanks to provide our service, is instantaneous, paperless, and convenient, we have become one of the market leaders in Japan’s payments industry, currently serving about 227 client companies,” says Akira Ono, CEO of NTT Internet Corporation.

Beyond immediate benefits like a streamlined experience, MyPayment aligns with modern sustainability goals by significantly reducing paper and stationery costs. It also saves considerable time by facilitating instant bill delivery via SMS, email, or by displaying on the web browser of the end-users’ smartphone, eliminating the need for dedicated mobile apps. The simplicity of displaying barcodes directly enhances accessibility, making the process hassle-free for end-users of all backgrounds and technical abilities.

MyPayment is also committed to protecting end-user’s privacy and security. The system provides payment barcodes that do not require personal registration or security information, ensures satisfaction for businesses and consumers. This focus on security is particularly appealing to foreigners residing in Japan, as it helps overcome linguistic and cultural barriers associated with traditional payment methods, fostering a more inclusive user base.

Getting started with MyPayment is designed to be straightforward, ensuring a professional experience from the outset. End-user can download the necessary documents from the MyPayment website and submit them via email to initiate the contract procedure. These documents consist of application form and registration paperwork. Following submission, all documents undergo a rigorous screening process by the firm’s expert team. Users then receive usage agreements and operational manuals, facilitating seamless integration into the MyPayment ecosystem. This expedited procedure further highlights the system’s efficiency – taking only a little over a month from start to finish.

The payment process is equally effortless and effective. Customers can choose “MyPayment Payment” after checkout to initiate a simplified transaction journey. User companies, on the other hand, can easily register billing information through the “MyPayment Center” and immediately receive a barcode display URL. Customers can use the barcode displayed on their smartphones to make payments at convenience stores.

Once the payment is completed, the customer will see a message on their browser informing them that the payment has been made in place of the barcode once they have paid with their smartphone. Upon payment completion, customers directly receive a confirmation on their smartphones, maintaining transparency throughout.
Several clients testify to MyPayment’s excellence, including AEON Financial Service, a major Japanese credit card distributor. The company struggled with inefficiencies in collecting unpaid fees. Their reliance on mailed paper slips caused high printing and mailing costs, risked double billing due to non-delivery, and delayed payment confirmations. MyPayment offered a digital solution, eliminating paper invoices. This significantly reduced costs for AEON and streamlined the collection process. Faster payment confirmations were also achieved through digitization. For the exciting future of this collaboration, a MyPayment-enabled AEON Wallet app is also on the horizon. This app holds the potential to further empower customers to conveniently view their payment history and billing status, preventing missed payments. As the AEON Wallet app gains widespread adoption among end-users, paper reduction and cost reduction will become a reality.

MyPayment is ushering in an era of efficiency and accessibility. Through its robust network that connects major companies and its intuitive smartphone display system, the firm is redefining the landscape of payment solutions. In addition, its commitment to inclusivity extends beyond domestic end-users, reaching out to foreign residents in Japan and demonstrating universal accessibility. Despite the constant change in the payment industry, MyPayment remains at the forefront, ready to shape the future through paperless efficiency, instant delivery, and customer-centric design.