Sign In
The CEO Views Small logos
  • Home
  • Technology
    Artificial Intelligence
    Big Data
    Block Chain
    BYOD
    Cloud
    Cyber Security
    Data Center
    Digital Transformation
    Enterprise Mobility
    Enterprise Software
    IOT
    IT Services
    Innovation
  • Platforms
    How IBM Maximo Is Revolutionizing Asset Management
    How IBM Maximo Is Revolutionizing Asset Management
    IBM
    7 Min Read
    Optimizing Resources: Oracle DBA Support Services for Efficient Database Management
    Oracle
    Oracle
    9 Min Read
    The New Google Algorithm Update for 2021
    google algorithm update 2021
    Google
    5 Min Read
    Oracle Cloud Platform Now Validated for India Stack
    Service Partner Horizontal
    Oracle
    3 Min Read
    Oracle and AT&T Enter into Strategic Agreement
    oracle
    Oracle
    3 Min Read
    Check out more:
    • Google
    • HP
    • IBM
    • Oracle
  • Industry
    Banking & Insurance
    Biotech
    Construction
    Education
    Financial Services
    Healthcare
    Manufacturing
    Mining
    Public Sector
    Retail
    Telecom
    Utilities
    Gaming
    Legal
  • Functions
    RISMA Systems: A Comprehensive Approach to Governance, Risk and Compliance
    Risma Systems
    ENTREPRENEUR VIEWSGDPR
    9 Min Read
    Happiest Minds: A “Privacy by Design” approach is key to creating GDPR compliant businesses
    Happiest Minds 1
    GDPR
    8 Min Read
    Gemserv: GDPR 2020 and Beyond
    Gemserv 1
    GDPR
    9 Min Read
    ECCENCA:GDPR IS STILL AN UNTAMED ANIMAL
    eccenca 1
    GDPR
    6 Min Read
    Boldon James: HOW ENTERPRISES CAN MITIGATE THE GROWING THREATS OF DATA
    Boldon James 1
    GDPR
    8 Min Read
    Check out more:
    • GDPR
  • Magazines
  • Entrepreneurs Views
  • Editor’s Bucket
  • Press Release
  • Micro Blog
  • Events
Reading: NETSTARS: Making Payments Secure, Convenient and Efficient
Share
The CEO Views
Aa
  • Home
  • Magazines
  • Enterpreneurs Views
  • Editor’s Bucket
  • Press Release
  • Micro Blog
Search
  • World’s Best Magazines
  • Technology
    • Artificial Intelligence
    • Big Data
    • Block Chain
    • BYOD
    • Cloud
    • Cyber Security
    • Data Center
    • Digital Transformation
    • Enterprise Mobility
    • Enterprise Software
    • IOT
    • IT Services
  • Platforms
    • Google
    • HP
    • IBM
    • Oracle
  • Industry
    • Banking & Insurance
    • Biotech
    • Construction
    • Education
    • Financial Services
    • Healthcare
    • Manufacturing
    • Mining
    • Public Sector
    • Retail
    • Telecom
    • Utilities
  • Functions
    • GDPR
  • Magazines
  • Editor’s Bucket
  • Press Release
  • Micro Blog
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The CEO Views > Blog > Magazine > ENTREPRENEUR VIEWS > NETSTARS: Making Payments Secure, Convenient and Efficient
ENTREPRENEUR VIEWS

NETSTARS: Making Payments Secure, Convenient and Efficient

The CEO Views
Last updated: 2024/02/23 at 6:45 AM
The CEO Views
Share
NETSTARS
NETSTARS

The worldwide digital payment market is estimated to cross USD 10 trillion in 2025, representing a 40% increase in two years. Innovative cashless payment mechanisms such as mobile wallets, peer-to-peer (P2P) mobile payments, real-time payments, and cryptocurrencies are fast evolving. Many payment technology companies cooperate with traditional financial institutions to meet the digital age’s newest consumer and merchant preferences.

Netstar’s’ payment services are now being used in over 340,000 merchant locations.

Despite the fact that many fintech solution providers offer novel offerings in the market, streamlining digital payment functions has always been a challenge. Netstars has been a pioneer in simplifying payment alternatives for digital payment merchant-related services and organizations by unifying cashless transactions and DX solutions, such as payment gateways with low contracting and operational burdens. Tsuyoshi Ri, President of Netstars, was with the CEOViews team to share details on how they are redefining the way payments are made in the APAC region.

Netstars was founded in the year 2009 by Tsuyoshi Ri, who currently serves as President of the organization. After two years of its incorporation, other founders, Yoshida and Wang, joined. It was in 2015, the company started payment gateway services. It’s been over seven years of its operation, and it has become the largest payment gateway service provider in the country. They are also the first company to introduce QR code-based payment in Japan. After establishing themselves as a leader in Japan, they are now expanding their business in Qatar and Mongolia.

Main offerings

Netstars has two main services. The first one is the payment gateway that currently has around 30 issuers signed up, not just from Japan but from Korea, Taiwan, Vietnam, Thailand, etc. The second key business is DX Solutions. They can provide a reservation, brochure, membership, ECE wallet, take-out table, robot lottery service, etc. Their platforms connect businesses with different kinds of cashless methods. Japan currently has a ratio of 70:30 cash to cashless payment ratios, and QR code payment has seen a CAGR of 250%. However, the Netstars transaction volume has grown almost 400% on domestic QR code payments, showing strong growth in their payment operations and market dominance.

To promote easy transactions, Netstars flagship feature, StarPay, has been combining different ways of payment into a single multi-QR code payment gateway. The payment gateway connects payment channels for non-cash payment options such as QR codes and allows retailers to accept payments from clients via an e-wallet, super apps or banking application. StarPay has been connected with around 30 different e-wallets and banks from nations around the world, including Japan, China etc.

Differentiating factor

While Netstars enjoys a larger market share in Japan, other payment services operate in the same segment. Speaking about the competition they face as a company, Tsuyoshi Ri said, “While we are the first company to set up QR payments in the country, there are more and more companies following this suit. However, Netstars is positioned uniquely in that we provide both payment gateway service and the DX solution providing service so merchants can enjoy all the different types of services. Most of the competitors either have payment gateway only or DX solutions only. And that gives us a low churn rate. We are seeing a growth in numbers each month, breaking record transactions of the previous month.”

Netstar’s’ payment services are now being used in over 340,000 merchant locations. While most of these are restaurants, amusement parks, and logistics, there are tonnes of other merchants currently using their services. And this industry is very dynamic and prone to change every now and then. To counter this shift, they are planning to add more brands to their collaboration list.

Trends in the market

Speaking about the trend in the Fintech market, the government has promised to increase the cashless payment to 40% by 2025. This means Netstars is going to catch the tailwinds of this and grow further. The government has even promised to pay the salaries to govt. Officials through cashless payment channels. Their DX solutions are already popular with the local municipal commissions, and they have positive hope for the change this technology can bring to the economy. This has been even greater news for folks at Netstars, who is on a mission to capture more market share in Japan’s online payments industry.

Netstars has always incorporated hustle culture in its DNA. It started as a technology service company and experimented with various businesses.

Company culture

Netstars has always incorporated hustle culture in its DNA. It started as a technology service company and experimented with various businesses. They developed a game first and then a messaging service and various others. They kept pursuing a product that addressed the challenge of a large community, and later they struck their cords with payment services. They always face challenges with great spirit and embrace change.

After a successful run in their home country, Netstars is expanding its footprint in other countries. In the long term, they wish to help merchants in Japan and outside Japan. They target to help as many merchants as they can with the help of their DX solutions. They have already started to look to hire talented folks and hope to accomplish this mission soon.

The CEO Views December 18, 2022
Share this Article
Facebook Twitter LinkedIn Email Copy Link
Previous Article MCI DIAGNOSTIC MCI DIAGNOSTIC: Redefining Laboratory Science
Next Article Procept Procept: Pioneering Innovation, Growth & Transformation Through Technology Solutions
theceoviews

Five reasons you should be reading business magazines

February 16, 2024
Recovery Mobile Clinic
ENTREPRENEUR VIEWS

“I became an Advanced Practice Practitioner to enrich the lives of my patients and improve the healthcare industry,” Jordana Latozas, President of Recovery Mobile Clinic

The CEO Views By The CEO Views September 12, 2024
coronavirus 4946687 1280
BYOD

Evaluating the Effect of COVID-19 on Small Business

The CEO Views By The CEO Views March 7, 2024
Retail Magazines
Micro Blog

Top 10 Retail Magazines and Blogs

The CEO Views By The CEO Views February 15, 2024
PACTRIGLO
ENTREPRENEUR VIEWS

PACTRIGLO: Eliminating Guesswork In Real Estate Industry

The CEO Views By The CEO Views February 26, 2024

Vision Group Retail: Making Physical Retail Intelligent and Connected

July 3, 2025

Alternative Investments Every Modern CEO Should Know

July 3, 2025

8 Business Travel Challenges You Need to Overcome

July 3, 2025

From Consultation to Courtroom: What to Expect When Hiring an Avon Personal Injury Lawyer

July 3, 2025

You Might Also Like

Jason DeRienzo
ENTREPRENEUR VIEWS

Vision Group Retail: Making Physical Retail Intelligent and Connected

10 Min Read
Joy Gendusa, CEO
ENTREPRENEUR VIEWS

Redefining Business Success: An Exclusive Interview with Joy Gendusa, CEO of PostcardMania

7 Min Read
Jed Meyer, CEO
ENTREPRENEUR VIEWS

St. Cloud Financial Credit Union: Trailblazing Financial Technology

8 Min Read
Daniele Vicino, Founder & CEO
ENTREPRENEUR VIEWS

Res Media: Crafting More than Just Applications

7 Min Read
Small logos Small logos

© 2025 All rights reserved. The CEO Views

  • About Us
  • Privacy Policy
  • Advertise with us
  • Reprints and Permissions
  • Business Magazines
  • Contact
Reading: NETSTARS: Making Payments Secure, Convenient and Efficient
Share

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?