Perfection of Rebirth

Chapter 755

In the Internet of later generations, the three giants of BAT rank in the first camp, Jingxi, NetEase, and Sina Weibo rank in the second camp, followed by Jinri Toutiao and Meituan, basically monopolizing [-]% of Internet resources.

Basically, it can be seen that the Internet is relatively promising in the fields of search, online shopping, mobile information and payment, social networking, games, and sharing economy.

Except for Jiang Hui who personally held four or five shares of Du Niang in the search field and did not enter for the time being, everything else has completed the initial layout.

"The next thing I want to talk about is Brilliance Payment. Although this business is often used by everyone but they don't have much impression of it, I can say that Brilliance Payment is the core part of the Brilliant Group's Internet business. I hope that all companies can Give full support to Guanghui Payment." After talking about Jingxi Mall, Jiang Hui continued to talk about Guanghui Payment.

According to Jiang Hui's understanding, the Guanghui Group in ten years' time should have four core businesses in terms of Internet business, Weichat, Guanghui Payment, Daily Toutiao and Jingxi Mall.

How big is the future of Internet payments?People who have not experienced it cannot imagine!

More than 1000 billion transactions per day, involving more than 3000 trillion!

This is definitely an astronomical figure, and even Jiang Hui dare not say the figure ten years later in advance.

It's so scary!
"When payment meets the Internet, a revolution is inevitable. It will be a matter of time before the traditional cash payment takes a backseat. Various online payment methods will become the main payment method for people's daily consumption," Jiang Hui continued.

"Although Guanghui Payment is now the third-party payment platform with the largest scale and the largest number of users in China, there is still a big gap compared with traditional cash payment."

"Some people may wonder, what is third-party payment? Simply put, third parties like Guanghui Payment have played an important role in it.

A platform that provides capital transaction services through a third-party contract with major banks, with the convenience and speed between various capital transaction platforms and users, low transaction costs and simple operation.

Then its main form is to establish a fund payment platform between the payer and the payee, and the payer and the payee reach an agreement to complete the fund transfer through the third-party payment platform.

The third-party payment platform can notify the seller of the payment status of the payer in a timely manner, without having to do it again, and the transaction process only needs to go through a third party, thereby achieving a commodity transaction process.”

"Bright Pay, which is currently connected to platforms such as Jingxi Mall, Xiaonei, and Brilliant Games, plays the role of such a third party."

"I hope that Guanghui Payment will pay attention to the development of mobile payment in the new year. As I mentioned before, this year is the first year of smartphones. With the increase of smartphone penetration rate, mobile payment will become a new explosion. point, and it is destined to surpass the PC terminal payment, we must make a good layout in advance.”

"Mr. Jiang, in terms of mobile payment, we have already started to cooperate with merchants on Meituan.com, and the results are good so far. Next, we will further expand offline and online cooperative merchants," Shen Yanhuan said.

A complete payment process includes three links: collection, settlement and payment.

Collection refers to the process in which the third-party payment platform transfers funds from the buyer's bank card to the bank account of the third-party payment platform.

Clearing and settlement is the process of creditor-debt relationship between the third-party payment company, the bank, and the seller after the payment is completed. Sometimes, if inter-bank payment is involved, it also involves clearing and settlement between banks.

Payment on behalf can be understood as a process in which the third-party payment company settles the creditor's rights and debts between the parties to the transaction after completing the settlement, and finally completes the process of fund transfer.

For online and offline payment, there is no essential difference between these three links, but in the process of popularization, the promoted content is different.

Any payment institution needs to connect to a bunch of banks in the background to complete the collection operation.At present, there are roughly four types of interfaces that banks open to third-party organizations: POS acquiring interface, online banking interface, quick payment interface and withholding interface.

The function of these four types of interfaces is to transfer funds from the user's bank card.What we often refer to as online banking payment and quick payment is actually for the bank interface, not a third-party payment method, but the third-party payment platform must be connected to these bank interfaces to complete the deduction operation.

After the third-party payment platform is connected to the bank's online banking interface, from the perspective of the bank, it only opens an online banking connection to the outside world.

Of course, the stronger the payment platform, the more interfaces you can get from the bank, and the stronger the user experience.

In this regard, whether it is online payment or offline payment, the operation process is similar.

In terms of settlement and payment, there is not much difference between online and offline, so what is the difference between them?

In Jiang Hui's view, the biggest difference is how to promote and popularize it.

Needless to say, online payment, everything is done online, and even attracting new customers mainly relies on online promotion.

But offline is different. First of all, it is a mobile payment tool. To put it bluntly, it is a smart phone. You must have this thing to advance.

The reason why Jiang Hui can tolerate Wiwo and Opoo's imitation of Guanghui mobile phone products is because he thinks that they will not grow up as an opponent of Guanghui mobile phone, but it also has something to do with the hope that they can accelerate the popularization of China's smart phones after they come in.

Sometimes, gains and losses are not so simple to calculate!
"For offline payment, we can give priority to first-tier cities and areas with better sales of smartphones. From specialty stores, supermarkets, shopping malls to roadside stalls, from water, electricity and gas payments to all aspects of life, Guanghui payment needs to be planned as a whole and promoted as soon as possible," Jiang Hui said.

"Okay, let's go back and make a special plan, and report to Mr. Jiang before the year," Shen Yanhuan said.

"There is also YY live broadcast. With the advent of the smartphone era, the live broadcast business is expected to usher in a new blowout. You must seize the opportunity and don't be overtaken by other platforms."

Live streaming is one of the outlets of the Internet. Although it is not the hottest time yet, if you don't pay attention to it, it is not impossible to be surpassed.

Next, Jiang Hui gave instructions to companies such as YY Live, Meituan, Xiaonei, Autohome, Qunar, and Douban.

The location determines the height, and many things that Jiang Hui takes for granted, the people below may not be able to think of. With Jiang Hui's advice, the company's 2008 will be even more exciting!
(End of this chapter)