Chapter 1150: Payment Package and Baibao

The representatives of the four major banks were shocked, that Baibao is also Feng's company? !

Beibao was not developed by eBay, but by another company, but their first big client was eBay. EBay once wanted to acquire Beibao, but was stopped by Kirilenko.

Because Beibao had already been acquired by Feng Yu first.

At the beginning, eBay planned to spend 300 million U.S. dollars to acquire Beibao, but the shareholders of Beibao believed that the value of Beibao was very high, at least 600 million U.S. dollars. Although at this time, Beibao has not yet been listed, and its market value is not worth 100 million US dollars.

The price difference between the two parties is doubled, so naturally the negotiation cannot be successful. However, Feng Yu waved his hand and asked Ralph to negotiate. It doesn't matter if the price is high, the important thing is that it must be fast.

As a result, Feng Yu bought Baibao directly for 600 million U.S. dollars at any cost. At the same time, the two founders of Beibao were given 4% of the shares each, allowing them to continue to manage Beibao. The original technical team of Baibao was also rewarded with 2% of the shares, allowing them to continue to provide technical support for Baibao.

With Beibao, why does Feng Yu need to develop a payment package?

There are two reasons. The first point is that there is still a big difference between Beibao and Alipay. The second point is that after a company achieves a de facto monopoly, it will inevitably be targeted by the entire industry. For example, Microsoft was almost forced to split up. Yahoo, on the other hand, has been split into companies such as Yahoo America, Yahoo Asia, and Yahoo Europe.

Instead of being split up, it is better to create a competitor by yourself, then it will not form a monopoly, and it will be able to occupy the third-party payment platform market more comprehensively.

The development direction of Beibao and eBay in the previous life is very different. Beibao is equivalent to an online credit card, while the payment package is equivalent to an online savings card.

At the beginning of Beibao's design, it was based on online banking, and gradually developed into a virtual credit card. The design of the payment package is based on the payment guarantee, and the guarantee is the core, and it is slowly developing towards a virtual savings card.

Beibao has expensive handling fees, which is the main source of profit for Beibao. The payment package is mainly an account. Whether it is the precipitation of funds or the value of big data based on consumption data, it is more important than the handling fee. But this has moved the interests of those banks.

Therefore, the development of Beibao in the previous life was very fast, but the development of the payment package in foreign countries was a bit slow, because it was resisted by those banks. Of course, it is best for the bank to know about such things as accounts.

Beibao tends to protect buyers, as long as buyers have objections, they can refuse to pay. The payment package tends to protect the seller. Is Amazon a b2c model? The seller is the company itself. This can effectively prevent buyers from taking the goods but refusing to pay.

Beibao is more suitable for Westerners who like to spend ahead of time, while PayPack is more suitable for Asians who do not like to spend ahead of time. Even before Feng Yu was reborn, many Chinese people had never used a credit card in their entire lives. In many countries such as Europe and the United States, when they are old enough to apply for a credit card, they will apply as soon as possible.

Credit cards can stimulate consumption, but it is easy to form a subprime mortgage crisis, which is the so-called fraud. You don't need to have income, take a loan from bank a for consumption, then take a loan from bank b, repay the credit card of bank a, take a loan from bank c, and repay the credit card of bank b.

After the loan and repayment have accumulated to a certain amount, the overdraft amount will also increase due to the improvement of credit. It seems that it is a good way to never need to make money, but to have money to spend.

But when there is a problem in any of these links, then the person will go bankrupt.

In the event of bankruptcy, a bad debt will be formed. It doesn't matter to one or two people, but when one million or two million people are like this, or even more people are like this, then the crisis will come.

Therefore, there is still a big difference between Beibao and Alipay. In the future, a certain degree of cooperation can be carried out, but they will never be merged.

Of course, in the previous life, Alipay was restricted to develop in China, and the settlement currency was rmb, while Baibao was born with the golden key of the global settlement currency US dollar, so Alipay was suppressed by Beibao at the beginning. .

But after Alipay entered the United States, didn't Alipay make a comeback. The biggest advantage of Alipay is that it does not require such a high handling fee. Alipay will bear part of the money, and the bank will waive part of it, giving customers the greatest discount.

Anyway, Alipay has an account in hand, so I am not afraid that there will be no chance to make money. What's more, Alipay also has a seven-day delayed settlement feature, which allows Alipay to have more cash deposits, which is equivalent to using customers' money to invest and make money.

If under Feng Yu's command, the investment still can't earn back the fee, then Alipay has failed too!

Moreover, there is another big difference between Beibao and the payment package, that is, the seller of Baibao can withdraw cash immediately, and the payment package, unless the buyer confirms, or wait for seven days, and even the buyer can postpone the payment.

There are some other differences between the two payment platforms. Of course, they also have the same thing, that is, they both focus on online payment business, and the main business entities are relatively similar.

Of course, Feng Yu would not explain these details to these bank representatives. To put it bluntly, Baibao and the others could easily accept it, and they could also get a good profit from it. But the payment package is different, which is equivalent to taking away a large part of their profits.

"Mr. Feng, we can make Beibao develop faster, but we don't think the payment package model is suitable." Yuntong's representative said.

"Is it inappropriate? What's inappropriate? I won't lose you the handling fee that should be paid to you, but our user traffic is so large, it is also good for your development, so in terms of handling fee, you should Give us a discount."

"Mr. Feng, the payment package you mentioned will leak the privacy of customers. We think this is very inappropriate."

Leaking customer privacy? Nonsense! It seems that your bank does not grasp the privacy of customers. Why, only state officials are allowed to set fires, but the common people are not allowed to light lamps?

To put it bluntly, the bank still wants to keep the account in its own hands, and does not want to be divided by others.

"What if I allow you to buy shares in this payment package in the future?" Well, in the future, they will only be allowed to buy shares in the US payment package in exchange for their support for this payment package.

"The future is too far away. If we are allowed to invest now, then we can think about it." The eyes of the representative of Huaqi revealed a shrewd light.

What he said was buying shares, not financing, which meant that he wanted voting rights and wanted to become one of the real bosses of the payment package company.

"Do you all think so? Then everyone can leave, the United States, it's not just your four banks!"

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