Zhou Xin showed a stunned look, what Riot Games, what are you talking about, did I tell you that I want you to be the CEO of Riot Games?

He reckons that Warren Jensen will be mistaken.

"I'm sorry Warren, Riot Games now has a CEO, and I wanted you to be the CEO of NewPay.

It's a company that I just recently started and focuses on the field of electronic payments.

At present, the product itself has been completed, but we only have technology at present, and the structure of the whole company is still very shallow.

It needs people with enough experience to lead it to grow. ”

Electronic payment is a concept with a very long history, and now the electronic payment in our concept is more mobile payment.

Electronic payments can be traced back to the electronic funds transfer system introduced by the Western Union Telegraph Company in 1871.

At that time, China was still in the tenth year of Tongzhi, and England, Russia, and Denmark installed the first telegraph waterline in China.

Warren Jensen was impressed by Riot Games' electronic payment system.

Because they pioneered the adoption of SMS verification codes to confirm the authenticity of transactions.

But that doesn't mean he's bullish on NewPay.

However, Warren didn't refuse too quickly, and came here to listen to the other party's idea of NewPay.

Zhou Xin is now the most famous product manager in Silicon Valley, and his experience is also talked about by many people.

Especially as Riot Games has grown in size, many details have been revealed.

Including the interns who entered Microsoft with Zhou Xin at that time, they spoke out through traditional media, saying that Zhou Xin had worked at Microsoft in the name of product manager intern.

Zhou Xin's pioneering ideas on products made Warren interested in listening to the other party's talk for a while.

Zhou Xin originally wanted to simply call AliPay and took up the name of Alipay.

Later, I thought about it that it was not necessary, mainly if it was not a meme, the name Alipay actually didn't mean anything.

A good name is necessary in the promotion process.

NeyPay is a good example of a new way to pay.

Concise.

“NewPay？ There are a lot of electronic payment companies throughout Silicon Valley.

After the popularity of e-shopping, everyone thought that e-payment would give birth to the next Amazon, the next ebay, but IMHO, it is difficult for NewPay to succeed.

I believe that NewPay can solve the problems of information security and compliance, but NewPay lacks application scenarios.

Amazon has its own electronic payment system, ebay has PayPal behind it, and it is difficult for Amazon and Ebay to accept NewPay as one of their payment options. ”

Yes, the reason why PayPal can become the number one payment software in foreign market share in later generations is that they are backed by Ebay is a very important factor.

But that's not the only factor, and if that can make or break the difference, Amazon's payment software won't be silent.

ApplePay, which is backed by Apple, has a market share of less than 1% in China.

Therefore, it is important that there is a large enough payment scenario behind it, but this does not guarantee that it will be successful.

These are cases that Zhou Xin is familiar with, they are all from many years later, and he can't directly illustrate them, he said after a short thought:

"Whether it's Ebay or Amazon, they are more physically shopping, that is, after paying online, they receive physical goods offline.

The path NewPay is going to take is to occupy the market for virtual items.

At the very least, all of Riot's game releases will go through NewPay, and we need to try to capture the market for other virtual items as much as possible.

For example, various offline payment scenarios.

In order to ensure that beginner users purchase video games on Riot Games and take the NewPay payment method for the first time, we will be offering a discount of between 7% and 19%.

Subsequent users will be given a discount between 10% and 9.5% off as long as they take NewPay payment.

Riot Games now charges 30% of the revenue from game makers who want to publish through Riot Games, which means that I use a portion of Riot Games' revenue to supplement NewPay during the promotion phase.

Of course, this is also a promotional method for Riot Games. ”

For a long time, the market for virtual payments will not be much less than physical payments.

Because of the logistics system and conceptual problems, e-shopping is growing rapidly, and virtual payment is growing even faster.

Especially after the large-scale popularity of online games, the payment of free online game props is a characteristic of Huaguo, which does not mean that there are no similar games abroad.

It's just that foreign countries have not gone as far as their Chinese counterparts on this road.

Warren thought for a moment and said, "I admit that your way is doable.

But even so, the market that NewPay can occupy is still a small part. ”

Zhou Xin was a little speechless, if NewPay can naturally occupy a large market, then what else do I ask you to be the CEO?

You must know that the CFO of Amazon, you must give options incentives.

I offer such a high salary in the hope that I can use your experience and your contacts in the financial field to help me expand my business.

This kind of thing can be said, but it can't be said so bluntly.

"I already have a complete expansion plan for NewPay in the future, and you only need to be responsible for the actual operation of the enterprise after you come, and you need to use your contacts to open up the electronic payment channels of some Internet service providers.

In the future, Riot Games will launch some more abundant Internet services.

It's not just the purchase of video games that can be used to make electronic payments. ”

After returning home after talking with Zhou Xin, Warren was moved in his heart.

Because judging from Zhou Xin's description, NewPay is a newborn baby, which means that he can be deeply involved in the operation of NewPay as CEO.

Backed by Riot Games and Zhou Xin, while proving that it at least has its own room to survive, that is, NewPay will not be as prone to failure as other start-ups.

At least there is no shortage of business stability and room for development, and his experience as a financial expert, combined with management experience in the field of electronic payments, is undoubtedly very beneficial for his career.

The more executives they are, the more they understand the importance of career planning.

At least the move to NewPay is not a bad move for Warren.

After getting involved in the field of electronic payment, Zhou Xin has a clearer understanding of his shortcomings, that is, the lack of people under his hands.

He has no shortage of good ideas, and now he does not lack funds to turn good ideas into reality, but he lacks people.

In particular, the field of electronic payment is a very complex field, which needs to get through the cumbersome links in the upstream and downstream of various industries, from regulators to card networks to banks and users.

While fighting against hackers, you also have to face direct competition from countless opponents.

Zhou Xin originally only knew one PayPal, and after an in-depth investigation in this field, he learned that eBay originally had its own electronic payment system, called Billpoint.

It is because of PayPal's good service that it has gained the market of Ebay, and now Ebay has not acquired PayPal.

The importance of electronic payments has not yet become a consensus, which means that NewPay has the opportunity to become one of the payment options for Amazon and eBay.

It's hard, but it doesn't mean there's no chance.