In later generations, the Internet was the first camp of the BAT triumvirate, Jingxi, NetEase, and Sina Weibo ranked the second camp, followed by Toutiao and Meituan, which basically monopolized eighty percent of the Internet's 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, gaming, and sharing economy.

Except for the search field, Jiang Hui personally held four or five points of Du Niang's shares and did not enter for the time being, and the others have completed the preliminary layout.

"The next thing I want to talk about is Korn Ray Pay, although everyone often uses this part of the business but I feel that I have no impression of it, but I can say that Korn Ray Pay is the core part of the Internet business of Korn Ferry Group, and I hope that all companies can give full support to Korn Ferry Pay", after talking about the Jingxi Mall, Jiang Hui continued to say Korn Glory.

According to Jiang Hui's understanding, ten years later, Guanghui Group, in terms of Internet business, should form four major businesses with Weichat, Guanghui Pay, Daily Toutiao and Jingxi Mall as the core.

What is the future of Internet payment?

More than 100 billion transactions per day, involving more than 300 trillion yuan!

This is definitely an astronomical number, and even Jiang Hui didn't dare to say this figure ten years later in advance.

It's scary!

"When payment meets the Internet, a revolution is inevitable, and it is only a matter of time before traditional cash payment takes a back seat, and various online payment methods will become the main payment method for people's daily consumption," Jiang Hui continued.

"Although Guanghui Pay is now the largest third-party payment platform in the Celestial Empire and the largest number of users, there is still a relatively large gap compared with traditional cash payment."

"Some people may wonder, what is a third-party payment? Simply put, a third party like Korn Ferry has played an important role in this.

Through a third party to sign a contract with major banks, with the help of a variety of capital trading platforms and users between convenient and fast, low transaction costs and simple operation of a platform to provide capital trading services.

Then its main form is the establishment of 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 situation of the payer in a timely manner, without the need to carry out it by itself, and the transaction process only needs to be through a third party, so as to achieve the commodity transaction process."

"Glorious Pay, which is now connected to platforms such as Jingxi Mall, Intranet, and Guanghui Games, plays such a role as a third party."

"I hope that Korn Ferry Pay in the new year, can pay attention to the development of mobile payment, as I mentioned before, this year is the first year of smart phones, with the increase in the penetration rate of smart phones, mobile payment will become a new flashpoint, and is destined to surpass PC payment, we must lay out the game in advance."

"Mr. Jiang, in the area of mobile payment, we have started to cooperate with Meituan's merchants before, and the results are not bad so far, and we will further expand offline and online cooperative merchants in the next step," Shen Yanhuan said.

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

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

Settlement is the settlement of creditor's rights and debts between the third-party payment company and the bank and the seller after the payment is completed, and sometimes if it involves inter-bank payment, it also involves the settlement between banks and banks.

Payment can be understood as the process of the third-party payment company settling the creditor's rights and debts between the parties to the transaction and finally completing the transfer of funds after completing the settlement.

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

The background of any payment institution must be connected to a bunch of banks to complete the collection operation. At present, there are about four types of interfaces that banks open to third-party institutions: POS acquiring interface, online banking interface, quick payment interface and withholding interface.

The role of these four types of interfaces is to transfer funds from the user's bank card. What we often call online banking payment, fast 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 in order to complete the deduction operation.

After the third-party payment platform is connected to the bank's online banking interface, from the bank's point of view, 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, it is a similar operation process.

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.

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

But offline is different, first of all, mobile payment tools, to put it bluntly, smartphones, you have to have this thing to advance.

The reason why Jiang Hui can tolerate IO and OPOO imitating the products of Radiance mobile phones is that he feels that they will not grow up as opponents of Radiant mobile phones, but it is also related to the hope that they can accelerate the popularization of Celestial Empire smartphones 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 smartphone sales. From specialty stores, supermarkets, shopping malls to roadside stalls, from water, electricity and gas payments to all aspects of life, Guanghui Pay should 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 a year ago," 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, don't be overtaken by other platforms."

As one of the outlets of the Internet, although it is not too popular now, if you don't pay attention to it, it is really not impossible to be surpassed.

Next, Jiang Hui gave instructions to YY Live, Meituan, Intranet, Autohome, Qunar, Douban and other companies one by one.

Location determines height, many things that are taken for granted by Jiang Hui, the people below may not be able to think that with Jiang Hui's allocation, presumably the 2008 of each company will be more exciting!

(End of chapter)