Xiaoyao Mall has a lot of preparation work, one of the most important prerequisites is to sign contracts with major banks to provide online banking and credit card payment support.

Each bank will have its own channels and interfaces. Only if you sign a contract with it can you use its credit card and debit card, enter their bank interface, and make online card purchases.

It sounds very complicated, but in fact it is a question of entry barriers. Usually the barriers to entry in the financial system are always relatively high.

The handling fees of each bank are different and will be adjusted according to the running account of your online shopping company, but overall it is still not cheap.

Xiao Qi has heard that various banks in China charge various fees, which are also reflected in their cooperation with online shopping companies.

Anyway, for a while, the major commercial banks were making a lot of money just by relying on the handling fees of various online shopping websites, and they were very happy.

Later, why did Ma Yun, Penguin, Jingxi, etc. all launch their own payment platforms, and even further participate in opening their own private banks? Isn't it because they are dissatisfied that their profits are being swallowed up by them?

However, Ma Yun launched Zifubao slowly one and a half years after Taobao was founded. Users did not buy it at the first time, but Ma Yun used many methods and gave many discounts.

, giving up a lot of profits, and finally Zifubao developed and expanded step by step.

Unfortunately, because of Yu Wo Bao's high interest rate incident, classmate Ma Yun was collectively suppressed by all banks. The 6% Yu Wo Bao notice deposit interest only appeared for a few months before disappearing into thin air.

But I have to say that Ma Yun is a good person.

It is precisely because of the success of his Zifu Bao that it gave people strong confidence. Therefore, subsequent payment platforms such as Caihutong and Jingxitong can avoid many detours.

It was also his various experiments on Yu Wobao that allowed people to see clearly what the bottom line of bank interest groups is, and thus how to operate funds in the Internet era.

In a sense, it is not an exaggeration to say that Ma Yun was later praised as "the pioneer and leader of China's Internet commerce". At least he created a completely novel business model.

Following his path, many people have achieved success.

Therefore, in addition to various online banking applications, Xiaoyao Mall's own third-party payment platform, Xiaoyao Wallet, has been handed over to program developers for research as early as when Qin Yibin started planning it, and a group of hackers such as Linus were invited to

Carry out cracking and attacks, and then you have to fix the leaks and encrypt. After dozens of rounds of iterations, it was finally finalized.

Since transactions involving online company accounts were involved, the banking regulatory department also sent experts to specifically test the security of Xiaoyao Wallet, and only then issued a "third-party payment platform license" to Xiaoyao Mall in November.

With this third-party payment platform license, Xiaoyao Mall can legitimately collect funds into its own bank account and deposit them, and then follow the old path of Ma Yun's Zipay, forming a huge capital flow.

For ordinary people, it is very difficult to apply for this payment license. Even seven or eight years later, many companies are still eagerly waiting for the license.

But Xiao Qi is different. Not to mention that he is already the greatest pride of Chinese entrepreneurs, but let’s talk about the face of Yu Chengsheng and Niu Ruzheng. Then who of you would dare not to give it to them?

Besides, they already have capital, procedures, and detailed founding ideas. If they don’t provide it on purpose, it could only be to make things difficult for them.

How could the regulatory authorities dare to make things difficult for Xiao Qi? How could they have the courage to make things difficult for Xiao Qi?

It can even be exaggerated to say that even Xiao Qi did not think of this third-party payment platform license. Soon, the regulatory authorities will have to come to the door on their own initiative, request Xiao Qi to fill out the application form, and then issue it as quickly as possible.

.

Xiao Qi also thought about whether it would be possible to directly launch a fund platform similar to "Yu Wo Bao" when launching Xiaoyao Wallet, so as to encourage more people to transfer money directly to Xiaoyao Wallet, allowing Xiaoyao Wallet to develop even more rapidly.

.

After all, a tool like Xiaoyao Wallet is not just a simple deposit of funds, but also a change in payment model.

In future mobile payments, wouldn't it be possible to directly use Xiaoyao Wallet with your mobile phone to make various payments? - Similarly, this is the mobile payment concept developed by Ma Yun, which controls the flow of users' funds.

The development of the payment model will scare any bank!

But after thinking about it he gave up.

Now that the fund platform has been built, in the end you still have to sign a contract with the bank and put the money in these accounts in banks such as Zhongnong Construction, so that the banks can use the money as working capital every day?

It would be better to wait until you acquire a bank in Hong Kong and develop it in the mainland; plus the promotion of your Xiaoyao Wallet, so that more people get used to and like this Xiaoyao Wallet model, before launching this kind of fund.

The platform is good.

Don’t underestimate the amount of money deposited in Xiaoyao Wallet. Considering the size of Taobao.com in 2013, Zifubao Company’s bank account had a huge deposit of at least 100 billion yuan every day on average.

funds.

What is precipitated capital?

That is, as a third-party payment platform, basically there will be so much money in your account that will not be used every day. The amount you need to use is basically the amount that has just been withdrawn by users on the left hand, and other users on the right hand will immediately have it.

After depositing, there will be a certain amount of quantitative funds in the account of the third-party payment platform.

For example, the daily transaction volume of Zifubao is 15 billion, so based on a seven-day trading cycle, the accumulated amount is around 100 billion.

To put it more simply, customers recharge Alipay every day, and customers withdraw money from Alipay every day. However, due to the existence of constant transactions and the deadline for confirmation of receipt, the difference in between is generally fixed.

, there is always a large amount of the user's funds in the Zifubao account.

This amount of quantitative funds that will not change under normal circumstances is called precipitated funds.

Due to bank supervision regulations and the need to be vigilant about operating risks, the accumulated funds have always been there, and Zifu Bao Company will never dare to touch them.

But leaving it there is a waste, so Zifubao Company will sign a large deposit agreement with the bank and use this fund as a fixed deposit to obtain a high bank interest.

Calculated based on the slightly lower 5% annual interest rate for very large customers, the daily interest income is around 13.7 million, which is more than 400 million per month!

Zifubao company doesn't have to pay anything at all, and it can directly earn so much income every day. From this, you finally understand why Ma Yun is so confident about developing Zifubao, right?

Of course, before 2013, especially the five years since its opening in 2004, it was the accumulation period of Zifu Bao. The daily interest was not so much, but it was actually very objective and supported the development of a Zifu Bao company.

It's more than enough, and it can even subsidize Taobao.com's huge expenses.

It is also for this reason that public opinion has been fiercely pursuing Zifubao for a while, questioning whether the money should be returned to consumers. Therefore, Ma Yun, who was not yet mature at that time and had completely exposed his domineering attitude, was a little scared.

He claimed that if the regulatory agency feels that the money should not receive interest, then he is willing to give it up with both hands.

People who don’t have their own bank are so miserable!

Other banks use this money to lend money, but they are very generous, and the annual interest is at least 8%-12%! - This is still a normal situation. If there are any favors, return deposit agreements, etc., we

I don’t know. Anyway, it must be very, very difficult for ordinary people to get a loan from a bank!

Ma Yun is borrowing chickens to lay eggs, and the bank is borrowing chickens to lay eggs. He earns much more than Ma Yun, and he is not under any pressure. It is not the media's turn to question them. Having confidence is different!

Ma Yun and other third-party payment company giants saw this huge advantage, plus the greater convenience in accounting, etc., so they sharpened their heads to obtain a private bank license to add more benefits to their careers.

A pair of wings.

Xiao Qi has been targeting his own bank, third-party payment platform, and fund platform from the beginning, so acquiring the bank is definitely a stroke of genius and an important factor in the success of the entire Xiaoyao series.

The core of Japan's six major consortiums is the financial banking industry. They all have their own banks, so they can develop so rapidly because they are not short of money!

Even the subsequent Toshiba reorganization, Sony reorganization, Hitachi reorganization, etc., etc., etc., people used the banks within their own consortium to deal with it with a little effort, and they were able to overcome the difficulties immediately.

It’s ridiculous that people in our country are still gloating over their misfortunes and thinking that these old giants will simply decline. In fact, that’s not the case at all!

How great the benefits of banking are. Only if Xiao Qi practices it first will others know the secret.

And after people like Ma Yun find out, it may not be so easy to go to Hong Kong to pan for gold!

Huh!

No, no, no.

Ma Yun is no longer his opponent!

I already own 30% of the shares of Alibaba Group!

We are happy partners!

They should work together to attack other competitors, and the two heroes should dominate the market!!
Chapter completed!