Chapter 826 Opportunities to create payment software
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Ku Ku Mao
"Chen Mo, congratulations on becoming the number one king in this ranking of kings."
"As per the rules, please give your speech."
Li Chungang said with a faint smile.
Chen Mo stood up and said with a smile: "Actually, I was very surprised to become the first king this time. First of all, I want to thank my girlfriend. If it weren't for her, I wouldn't have become the first king so quickly. "
"Secondly, what I want to thank you most..."
Chen Mo's mouth had a trace of amusement as he looked at Shang Ying, whose eyes had lost all light.
"It's Mr. Shang Ying, King of Shang!"
"If he hadn't suggested that the ranking of kings be changed to once a year, I wouldn't have been able to serve as the number one king for a whole year."
"Thank you, King Shang Tian, for allowing me to fulfill my vow to surpass King Shang within three years!"
Shang Ying: "..."
His face is green!
This is simply murderous and heartbreaking! ! !
It was Shang Ying himself who made Chen Mo re-elected as the first king for a whole year! !
And he was harmed by his grandson and was left behind for a whole year!
The ranking of kings came to an end in this unexpected situation.
Chen Mo took leave from the company that day and cooked in person to entertain Gong Ziyuan.
"My wife did a good job this time. Open your mouth and reward you with a big chicken drumstick." Chen Mo said with a smile.
The two chatted for a while, and Gong Ziyuan talked about the most important problem of the Tutoring Network:
“There are two big problems with this project that have not yet been resolved.”
"First, there is a serious head effect. Star students have a high bidding rate and many recommendations, while middle- and lower-class students are severely under-exposed. However, it is not cost-effective to give recommendation positions to those middle- and lower-class students."
Chen Mo thought for a while and then said: "This is simple. You can make a big data algorithm recommendation. After calculating the user's actual paying ability, recommend them to the corresponding students who can afford it."
"In this way, users who can only afford the middle and lower levels can greatly reduce the exposure of top students."
This approach is actually based on the short video algorithm recommendation of later generations.
The short videos of later generations use algorithms to form a set of data models after users have used them for a period of time, and only recommend videos that are “interesting” to users.
Now, Chen Mo just changed the video to a student tutor. The core of the algorithm remains unchanged, and the tutoring network is much smaller than the short video, and the algorithm is much simpler to write.
Hearing this, Gong Ziyuan couldn't help but admired: "What a great idea! Why didn't I think of it?!"
Chen Mo smiled without saying a word.
You wouldn’t think it’s because you are not a reborn person!
"The second problem is that the viscosity of tutoring websites is very high now, and it has almost become a strong demand for parents. But as you know, their only payment method now is bank transfer or mailing a check. Each of these is quite troublesome. of.
This also resulted in the loss of many orders. "
Hearing this question, Chen Mo's heart suddenly skipped a beat!
He asked calmly: "Then... have you thought of any good ideas?"
Gong Ziyuan said: "I have actually thought that if we can pay through the Internet, we can greatly reduce the loss of orders.
For example, if we can develop a software that connects banks and users, wouldn’t it be much more convenient?
But, just focusing on building an online payment platform for the Tutoring Network project is a bit too fussy.It doesn't seem worth it. "
Chen Mo looked at his girlfriend as if he were watching a ghost.
The so-called "online payment platform" mentioned by Gong Ziyuan is the direct pay treasure of future generations!
Unexpectedly, the idea of this super god-level software, which was used by hundreds of millions of people in later generations and changed the payment habits of Daxia people, was actually thought up by Gong Ziyuan!
Chen Mo had to sigh, his wife is really a treasure girl!
Gong Ziyuan felt that building an online platform was a bit fussy, but Chen Mo didn't blame her for not having enough vision.
In fact, telling any current Internet giant about the most basic payment model of Direct Pay will not get much attention.
Now, no companies are interested in this kind of online payment platform, because the current Internet speed is too slow, most people don't even have computers, and there is not much demand for online shopping.
Therefore, no one is willing to invest huge manpower and material resources to make such a thing that is not needed now.
Even Mr. Ma, the founder of Zhifubao, has no intention of creating Zhifubao at the moment. Moreover, when he created Zhifubao a few years later, he just wanted to use it to make it more convenient for users. Just a tool.
As for this "tool" that later became bigger and bigger, and eventually became a special aircraft carrier full of cash in the Internet industry, it was the result of unintentional intervention.
Chen Mo lamented Yu Gong Ziyuan's avant-garde vision, patted her on the shoulder and said: "Wife, your idea is very good, and the online payment platform is not as you said, it is a trivial thing."
"This kind of platform is a means to gather users and bind users' habits. Once we complete it, more than half of the capital flows on the Internet will pass through our platform in the future!"
"I can responsibly tell you that the future will be an era where everyone will live through the Internet! Think about it, in that case, there are [-] million people in Daxia using our online payment platform, what will it be? What kind of situation?"
Gong Ziyuan swallowed her saliva: "I'm afraid the daily turnover of the platform alone is hundreds of billions, and the accumulated funds are enough to defeat any bank in the world. In the financial field, we will have an unparalleled say!"
Chen Mo smiled and said: "Not only that, we also need to pair this platform with a huge e-commerce platform, and even make it a financial platform with huge amounts of capital!"
"In that case, the people of Daxia will use our software for money, shopping, travel, and medical treatment. We can even make this software break out of Daxia and go to the world, so that people all over the world can use it!!!"
The more Chen Mo talked, the more excited he became!
After all, it’s only 2001, and it’s still several years before the earliest online payment platform appeared in foreign countries!
If Chen Mo really plans ahead, he might really be able to create an online payment platform that can conquer the world!
At that time, all the funds in the world will be used for it, and how brilliant it will be! ! !
After listening to Chen Mo's words, Gong Ziyuan said with some worry: "But I'm afraid the bank won't be willing to cooperate with us? After all, we are robbing their jobs."
Chen Mo smiled and said: "Yes, you have thought very well. The four major banks will not cooperate with us. But, why should we deal with the entire banking system?"
This was actually the biggest problem that Direct Pay encountered in its early stages - there was no head-to-head cooperation from big banks.
And how to break the situation?
The answer is to go to a branch to cooperate!
It uses its own funds and the funds in transit accumulated during settlement on the e-commerce platform as bait to seduce the provincial branches of various banks to open payment merchants for them!
Gong Ziyuan was dumbfounded: "What do you mean? Cooperate with one of the banks alone?"
"No." Chen Mo shook his head: "Go directly to cooperate with the lowest branch, such as the Agricultural Bank of China branch at Imperial University."
"If you think about it, the Tutoring Network can now have no less than 5000 million in funds every month. This is still in the early stages. In the future, this number may increase more than ten times or dozens of times!"
"We used to transfer the funds directly to the bank account, but we don't do that now. We put the money into our payment software. I named it "Direct Pay Pay". For any branch To a large extent, this money represents huge benefits and performance! "
“What do you think they would think of us if we promised to use the money to deposit money in their bank for a month?”
Gong Ziyuan's eyes lit up: "Then don't treat us as the God of Wealth!"
"You can teach me!" Chen Mo nodded with satisfaction and continued: "With such a huge capital flow deposited in our direct payment treasure, we can use it as bait to seduce major branches to cooperate with us."
"I believe that no branch can refuse us, and we don't need them to really sacrifice their lives. The only thing they can do is open an online payment merchant for us."
"For example, as long as a branch of the Agricultural Bank of China opens an online payment merchant for us, then all Agricultural Bank of China's online banking users across the country can make payments to Direct Pay or withdraw cash from Direct Pay through this channel!"
As he spoke, Chen Mo put his excited hands on Gong Ziyuan's shoulders, "It might not have been easy to realize before. But my beautiful, lovely and smart wife, you came up with the gold medal project of the Tutoring Network, and let the Elder Pavilion invest in it. Which branch do you think would say no?!”
"I actually had the idea of direct payment a long time ago, but I just struggled with the lack of good opportunities. I didn't expect you, my wife, to create such a good opportunity for me without any intention!!!"
“Hahahahahahahahahahahahahahahahahahahaha~~~~”
"As per the rules, please give your speech."
Li Chungang said with a faint smile.
Chen Mo stood up and said with a smile: "Actually, I was very surprised to become the first king this time. First of all, I want to thank my girlfriend. If it weren't for her, I wouldn't have become the first king so quickly. "
"Secondly, what I want to thank you most..."
Chen Mo's mouth had a trace of amusement as he looked at Shang Ying, whose eyes had lost all light.
"It's Mr. Shang Ying, King of Shang!"
"If he hadn't suggested that the ranking of kings be changed to once a year, I wouldn't have been able to serve as the number one king for a whole year."
"Thank you, King Shang Tian, for allowing me to fulfill my vow to surpass King Shang within three years!"
Shang Ying: "..."
His face is green!
This is simply murderous and heartbreaking! ! !
It was Shang Ying himself who made Chen Mo re-elected as the first king for a whole year! !
And he was harmed by his grandson and was left behind for a whole year!
The ranking of kings came to an end in this unexpected situation.
Chen Mo took leave from the company that day and cooked in person to entertain Gong Ziyuan.
"My wife did a good job this time. Open your mouth and reward you with a big chicken drumstick." Chen Mo said with a smile.
The two chatted for a while, and Gong Ziyuan talked about the most important problem of the Tutoring Network:
“There are two big problems with this project that have not yet been resolved.”
"First, there is a serious head effect. Star students have a high bidding rate and many recommendations, while middle- and lower-class students are severely under-exposed. However, it is not cost-effective to give recommendation positions to those middle- and lower-class students."
Chen Mo thought for a while and then said: "This is simple. You can make a big data algorithm recommendation. After calculating the user's actual paying ability, recommend them to the corresponding students who can afford it."
"In this way, users who can only afford the middle and lower levels can greatly reduce the exposure of top students."
This approach is actually based on the short video algorithm recommendation of later generations.
The short videos of later generations use algorithms to form a set of data models after users have used them for a period of time, and only recommend videos that are “interesting” to users.
Now, Chen Mo just changed the video to a student tutor. The core of the algorithm remains unchanged, and the tutoring network is much smaller than the short video, and the algorithm is much simpler to write.
Hearing this, Gong Ziyuan couldn't help but admired: "What a great idea! Why didn't I think of it?!"
Chen Mo smiled without saying a word.
You wouldn’t think it’s because you are not a reborn person!
"The second problem is that the viscosity of tutoring websites is very high now, and it has almost become a strong demand for parents. But as you know, their only payment method now is bank transfer or mailing a check. Each of these is quite troublesome. of.
This also resulted in the loss of many orders. "
Hearing this question, Chen Mo's heart suddenly skipped a beat!
He asked calmly: "Then... have you thought of any good ideas?"
Gong Ziyuan said: "I have actually thought that if we can pay through the Internet, we can greatly reduce the loss of orders.
For example, if we can develop a software that connects banks and users, wouldn’t it be much more convenient?
But, just focusing on building an online payment platform for the Tutoring Network project is a bit too fussy.It doesn't seem worth it. "
Chen Mo looked at his girlfriend as if he were watching a ghost.
The so-called "online payment platform" mentioned by Gong Ziyuan is the direct pay treasure of future generations!
Unexpectedly, the idea of this super god-level software, which was used by hundreds of millions of people in later generations and changed the payment habits of Daxia people, was actually thought up by Gong Ziyuan!
Chen Mo had to sigh, his wife is really a treasure girl!
Gong Ziyuan felt that building an online platform was a bit fussy, but Chen Mo didn't blame her for not having enough vision.
In fact, telling any current Internet giant about the most basic payment model of Direct Pay will not get much attention.
Now, no companies are interested in this kind of online payment platform, because the current Internet speed is too slow, most people don't even have computers, and there is not much demand for online shopping.
Therefore, no one is willing to invest huge manpower and material resources to make such a thing that is not needed now.
Even Mr. Ma, the founder of Zhifubao, has no intention of creating Zhifubao at the moment. Moreover, when he created Zhifubao a few years later, he just wanted to use it to make it more convenient for users. Just a tool.
As for this "tool" that later became bigger and bigger, and eventually became a special aircraft carrier full of cash in the Internet industry, it was the result of unintentional intervention.
Chen Mo lamented Yu Gong Ziyuan's avant-garde vision, patted her on the shoulder and said: "Wife, your idea is very good, and the online payment platform is not as you said, it is a trivial thing."
"This kind of platform is a means to gather users and bind users' habits. Once we complete it, more than half of the capital flows on the Internet will pass through our platform in the future!"
"I can responsibly tell you that the future will be an era where everyone will live through the Internet! Think about it, in that case, there are [-] million people in Daxia using our online payment platform, what will it be? What kind of situation?"
Gong Ziyuan swallowed her saliva: "I'm afraid the daily turnover of the platform alone is hundreds of billions, and the accumulated funds are enough to defeat any bank in the world. In the financial field, we will have an unparalleled say!"
Chen Mo smiled and said: "Not only that, we also need to pair this platform with a huge e-commerce platform, and even make it a financial platform with huge amounts of capital!"
"In that case, the people of Daxia will use our software for money, shopping, travel, and medical treatment. We can even make this software break out of Daxia and go to the world, so that people all over the world can use it!!!"
The more Chen Mo talked, the more excited he became!
After all, it’s only 2001, and it’s still several years before the earliest online payment platform appeared in foreign countries!
If Chen Mo really plans ahead, he might really be able to create an online payment platform that can conquer the world!
At that time, all the funds in the world will be used for it, and how brilliant it will be! ! !
After listening to Chen Mo's words, Gong Ziyuan said with some worry: "But I'm afraid the bank won't be willing to cooperate with us? After all, we are robbing their jobs."
Chen Mo smiled and said: "Yes, you have thought very well. The four major banks will not cooperate with us. But, why should we deal with the entire banking system?"
This was actually the biggest problem that Direct Pay encountered in its early stages - there was no head-to-head cooperation from big banks.
And how to break the situation?
The answer is to go to a branch to cooperate!
It uses its own funds and the funds in transit accumulated during settlement on the e-commerce platform as bait to seduce the provincial branches of various banks to open payment merchants for them!
Gong Ziyuan was dumbfounded: "What do you mean? Cooperate with one of the banks alone?"
"No." Chen Mo shook his head: "Go directly to cooperate with the lowest branch, such as the Agricultural Bank of China branch at Imperial University."
"If you think about it, the Tutoring Network can now have no less than 5000 million in funds every month. This is still in the early stages. In the future, this number may increase more than ten times or dozens of times!"
"We used to transfer the funds directly to the bank account, but we don't do that now. We put the money into our payment software. I named it "Direct Pay Pay". For any branch To a large extent, this money represents huge benefits and performance! "
“What do you think they would think of us if we promised to use the money to deposit money in their bank for a month?”
Gong Ziyuan's eyes lit up: "Then don't treat us as the God of Wealth!"
"You can teach me!" Chen Mo nodded with satisfaction and continued: "With such a huge capital flow deposited in our direct payment treasure, we can use it as bait to seduce major branches to cooperate with us."
"I believe that no branch can refuse us, and we don't need them to really sacrifice their lives. The only thing they can do is open an online payment merchant for us."
"For example, as long as a branch of the Agricultural Bank of China opens an online payment merchant for us, then all Agricultural Bank of China's online banking users across the country can make payments to Direct Pay or withdraw cash from Direct Pay through this channel!"
As he spoke, Chen Mo put his excited hands on Gong Ziyuan's shoulders, "It might not have been easy to realize before. But my beautiful, lovely and smart wife, you came up with the gold medal project of the Tutoring Network, and let the Elder Pavilion invest in it. Which branch do you think would say no?!”
"I actually had the idea of direct payment a long time ago, but I just struggled with the lack of good opportunities. I didn't expect you, my wife, to create such a good opportunity for me without any intention!!!"
“Hahahahahahahahahahahahahahahahahahahaha~~~~”
