"Payment?"
Zhang Jianming paused for a moment before he understood.
Indeed.
What was the most important aspect of e-commerce? If it was physical, it would be logistics. If it was online, it would be payment.
In fact, logistics and payment were the most important factors.
Without logistics, the products purchased online could not be delivered home.
Without payment, it would be a problem to even shop.
Logistics was a heavy asset and took a long time. It was very difficult for Huanyu Technologies to compete with Amazon.
However, if they could monopolize the entire world with payment, even if they could not monopolize the entire world, as long as they could control half or even one-third of the global market, Huanyu Technologies would win the e-commerce battle with Amazon.
In his previous life, Jingdong's logistics was so good. Why could they not win against Tmall?
That was because Jingdong did not have its own payment system.
Many times in his previous life, Brother Dong regretted it whenever he thought about it.
Therefore, Chen Yu believed that payment was more important than logistics.
Moreover, this was where Huanyu Technologies was best at overtaking others.
"Boss Chen, payment is indeed the most important factor in e-commerce."
Zhang Jianming almost did not react.
This did not mean that Zhang Jianming did not understand the importance of payment. However, payment was almost monopolized by Huanyu Technologies in China. Therefore, Zhang Jianming did not consider payment back then. However, when Chen Yu mentioned payment, Zhang Jianming said, "We have been expanding our payment system globally. However, other than Asia and Southeast Asia, other places like North America, Europe, and Korea are not very interested in our payment system."
After thinking for a while, Zhang Jianming continued, "Not only are they not interested in our payment system, but they are also not interested in electronic payments."
In China, there was Huanyu Technologies' payment system.
Similarly, there was a payment system called PayPal overseas.
However, whether it was payment system or PayPal, they were not doing very well.
"People in Europe, America, Japan, and Korea prefer credit cards. They are not very interested in electronic payments."
As for why Alipay was doing so well in the country, it was because most people in the country did not use credit cards.
Therefore, when electronic payment tools appeared on the Internet, most people jumped into the electronic payment era.
However, foreign credit cards were too powerful, and it was too common for everyone to use credit cards.
Whether it was the market or a habit, no one would accept electronic payments for a while.
Chen Yu was naturally aware of this.
However, even if he knew, Chen Yu did not think much of it.
"Brother Jian, the credit card systems in Europe, America, Japan, and Korea are indeed more developed, but that doesn't mean that they aren't interested in electronic payments. Nothing stays the same. Habits can also be changed. "
"It's not just a habit. There's also the financial power behind the credit card."
"This is not irreconcilable."
"In theory, that's true, but it's really too difficult."
It wasn't that Zhang Jianming wasn't confident.
In fact, they had spent a lot of money on Alipay over the years, but they had not been able to open up the overseas market.
"Actually, it's not that difficult. Many times, if we change the method, what we think is difficult may become much easier."
While speaking, Chen Yu pulled up the Alipay backend data.
"Brother Jian, take a look. Did you notice that the frequency of use of Alipay has increased by more than 10 times compared to a year ago?"
"Boss Chen, we've studied this area. This is because we successfully launched the Pear smartphone. On these super apps, we've bound Alipay to them, which has also increased the frequency of use. "
"Correct, this is because of our smartphones."
"But this doesn't work overseas. People don't like to use Alipay. If they want to pay online, they'll directly bind it to their credit card."
Although this method of binding credit card was also electronic payment, it was still bound to the bank. It still did not leave the bank's system.
"Then what if we launch an app that requires them to use Alipay?"
Because of the market, Pinduoduo and WeChat could only choose a variety of payment methods in the overseas market. They could not bind to the only Alipay.
But if they launched a new app, it would be different.
"You're talking about the taxi app?"
"Yes."
Chen Yu nodded.
Of course, it was not just about the taxi app.
But Chen Yu believed that the taxi app could be the first super app to popularize payment.
In his previous life, Didi, Baidu, and Uber fought so hard. Not only did the two companies not make a single cent, but they also lost a lot of money.
But they were still fighting?
What was the reason?
Other than the market, the most important reason was payment.
Therefore, even if they lost money, as long as payment was popularized, it was worth it.
It was also because of this battle that electronic payment penetrated almost every corner of China.
In the end, not only did aunties use electronic payment, but even beggars used electronic payment.
However, Zhang Jianming did not see the future of the taxi app.
After hesitating for a bit, Zhang Jianming said, "Currently, not many people use the taxi app. It will be a very difficult challenge to popularize our payment system."
"It's actually not that difficult. As long as users use the taxi app, they will not like to take taxis anymore."
This was the same in the US.
People in China were quite lazy, and the US was even lazier.
Uber was doing very well in the United States. This proved that there were many things that were similar between China and the United States.
But because of some special reasons, there were many differences.
Unfortunately, Uber did not think of payment at that time, or they did not have the ability to do payment at the time.
Of course, this was not enough. There was also the entire credit card financial system.
This was also a difficult task.
However, this was a matter for later.
As long as these super apps were launched, Chen Yu would have a way to influence the financial giants behind them.
"Um, Brother Jian, have you ever taken a taxi?"
Suddenly, Chen Yu asked.
"No."
Zhang Jianming shook his head, "From the number of downloads in the app store, they have very few downloads. The general reaction of consumers is that they can't get a taxi."
"Is that so? Then let's try it."
Chen Yu did not care about this.
The new taxi app was like this.
When there were not many users, how could they get a taxi?
This was like when they were in the e-commerce and instant messaging business. What would they do if there were no users?
Either they opened dozens of numbers in a row, or they bought and sold it themselves.
Didn't a lot of Chinese internet companies do this?
Even Huanyu Technologies, when 5173 did not have much traffic, did they not find a bunch of people to write guns for them?
Even in online games, there were people who did this.
"Let's go, I downloaded Didi. Let's try taking a taxi later."
Without saying anything else, Chen Yu and Zhang Jianming walked out of the Huanyu Technologies headquarters building. He wanted to try taking a taxi first.
(End of chapter)
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