Chapter 2518 Payment

Although this is the case, Zhou Buqi is not very optimistic. This is all a small matter. The domestic Internet industry is developing too fast. Especially once the policy is liberalized and Internet companies take action together, the living habits and consumption habits of the people across the country will change. That changed quickly because of the Internet.

The traditional phone bill payment system of operators will soon collapse.

He Yang nodded, "Classmate Yiming means the same thing."

"Huh?" Zhou Buqi raised his eyebrows, "You don't agree?"

He Yang said: "I think it is still necessary to cooperate with China Unicom."

Zhou Buqi was more agreeable, "Well, let's cooperate. The Internet industry has developed, but operators are having a hard time. Give them a few sweet dates to coax them."

He Yang laughed and said: "Yi Ming is worried that China Unicom wants to transform from a payment system for phone bills to direct payment on the mobile terminal."

Zhou Buqi said: "It should be."

He Yang said: "So he is skeptical about cooperation with China Unicom."

Zhou Buqi was a little surprised, "No way? Online payment is an Internet project. He doesn't think that operators can understand the payment business, right?"

He Yang said: "My suggestion is to cooperate with operators as much as possible. As you said, it won't cost much to give you a few more sweet dates. He is not worried about China Unicom."

"That is?"

"He doesn't want to lose the mobile payment business."

"What?"

"He attaches great importance to the payment market and believes that this is the core function of WeChat to increase activity. He must protect WeChat Pay from a strategic level."

He Yang didn't think there was anything wrong with Zhang Yiming's decision.

I just think we should make an exception and choose to cooperate with China Unicom.

However, Zhang Yiming’s worries are not wrong.

They helped China Unicom set up the payment system. With their prowess, the entire project template will soon become a resource for everyone in the Internet industry.

Zhou Buqi didn't see it that way at all, and was a little surprised, "What? Payment is included in a confidential project?"

He Yang nodded, "Yes."

Zhou Buqi was a little unbelievable, "What does this mean? The payment business is not high-tech, and it is not artificial intelligence or chip design. What can be kept confidential? There is no payment outsourcing project in the Engineering Academy?"

He Yang said with a smile: "If the Engineering Academy opens it, China Unicom will not find me. They can just spend money to ask the Engineering Academy to help them."

Zhou Buqi disagreed with this idea very much, "Let go! Let go! Except for cloud computing, artificial intelligence and chip design, all other fields are open. Internet technology is inherently a big deal. If you can hold it for a while, you can't hold it." Live forever."

Then, he called Zhang Yiming to question the matter.

Zhang Yiming said: "The payment technology is indeed not big, but if you want to achieve 100% accuracy, you need more complex technology to support it. China Unicom's Wo Pay has been developed a long time ago and was hired by China Unicom from outside. An outsourcing company does it, but the effect is very poor and payments often fail. The connection of this kind of financial data is not as simple as imagined."

Zhou Buqi said: "Then there's no need to be so secretive."

Zhang Yiming said: "WeChat is the core product, and WeChat Pay will be the most important tool for WeChat's long-term activity in the future. We must ensure WeChat Pay's dominant position in the industry. We will not make it public for the time being. The competition will be smaller and it will take longer for WeChat Pay to occupy the market."

"Competition? How can there be any competition?" Zhou Buqi felt that his thinking was wrong. "The only competition is Alipay. There is no need to consider other factors."

After a pause, Zhou Buqi continued: "The most important thing about payment is convenience. Users will not download a payment tool just for payment. Payment will definitely be bundled with a super App. As far as the domestic market is concerned, who can develop Super App? Apart from Ziweixing, BAT is the only one left. The core strategy for payment must be the market, not technology."

Payment tools may seem inconspicuous, but they occupy the core position in the mobile Internet.

If a company wants to make money, it must rely on user consumption.

If you want to consume, you must have an outlet for consumption.

The payment instrument is this outlet.

Once it becomes an entrance, it means that you have traffic, and you can promote other products.

Especially those local life services rely on online payment.

In the previous life, the domestic online ride-hailing industry was developing in full swing, and its momentum far exceeded those of foreign companies.

The driving force behind this is not user demand.

But the Internet giants want to grab the payment entrance, so they have to invest in it at all costs, even regardless of the current social situation.

Including shared bicycles.

The competition between Alibaba and Penguin is, in the final analysis, a competition for payment tools.

How can an operator produce a product of this level?

How can ordinary Internet companies do this?

It must be a super giant.

Developing a mature payment tool will become a bad technology in a few years. But if you want to promote this tool into the market... without an investment of hundreds of billions, it's impossible to even think about it.

The food delivery industry, online ride-hailing industry, online ticketing, shared bicycles, shared power banks, e-commerce offline supermarkets, etc., among these crazy money-burning industries, there is a clear main line behind them, that is, they are burning money to grab... Online payment market.

Zhang Yiming thought about Zhou Buqi's words, paused for a while, and then said slowly: "Payment should be done at the market level?"

Zhou Buqi sighed, "If you want to limit technology, it's impossible. It's impossible to keep secrets in the Internet industry. It's just a matter of one year earlier and one year later. There is also a very important point, operators! Mobile Aren't they secretly developing a communication product to compete with WeChat? They are not willing to accept it, and they cannot watch the collapse of the phone bill payment system. They will definitely develop online businesses to replace it. If you use technology to restrict state-owned enterprises, some people You should be unhappy.”

Zhang Yiming said: "Then adjust the strategy and focus on market operations."

Zhou Buqi said: "That's all. Don't care about anything else. The most important thing is Alipay. This is the biggest competitor. Alipay has been doing online payment for so many years. It is impossible for you to compare Alipay from a technical level." To gain an advantage. You must look for opportunities from a market perspective.”

Zhang Yiming, an expert, became very melancholy, "If we start from the market, it will cost a lot of money. Especially Ali is not short of money, and payment is Ali's core product. If there is a fight, it will cost a lot of money." If we start from the market, we will definitely fall into the vicious competition of continuous price reduction and continuous subsidies.”

Zhou Buqi smiled and said, "It's not all bad. At least it can make the domestic Internet industry popular. Don't be too stingy about payment. Anyone who wants to learn or develop can do it. The Academy of Engineering is open to providing domestic services." Promoting Internet technology among peers is originally a mission of Ziweixing. Ziweixing should not only do well on its own, but also drive the entire industry to make progress together."