Rebirth: Super Banking System

Chapter 1780: Chapter 1610: Encountering a Tough Nut to Crack (Please Subscribe!)

At this time.

The fourth journalist stood up.

“Mr. Tang, can it be used abroad?”

This question.

Is also one that many people are curious about.

“Not at the moment. Just like swift binding, it currently only supports bank cards from major banks in Huaxia. Foreign banks are not supported yet. However, we are working hard to extend its range of use.”

Tang Qing explained.

Electronic Payment.

Is not just about simple data.

There are also underlying issues with banks and policies, which is the direct reason why electronic payment in Europe and America has remained on paper. It’s not that the technology isn’t feasible, but rather the law doesn’t allow it.

Whoever makes a move.

The law will teach them a lesson in no time.

Huaxia can consider private enterprises and industry innovation. Once citizens have this need, as long as it is legal, the state can allow its existence and progress through exploration and optimization.

But it’s different abroad.

The bank interest groups will not sit idly by.

Therefore.

Up to now.

WeChat Pay can only be used in Huaxia. Other countries don’t even allow you to bind a bank card, claiming to be researching, and a year has passed without any response from the dozen or so countries contacted.

But it doesn’t matter.

Tang Qing is not in a hurry.

Take it slowly.

First establish a foothold in Huaxia, using the market to drive forward. In the past, WeChat and Alipay still managed to take steps abroad, albeit on a pitifully small scale, and with many restrictions from various countries, but there is hope.

Fortunately.

He can truly influence decisions in Myanmar, and next month, this functionality will be realized there, although limited to Huaxia users. Since its launch, foreign users are indeed few.

It’s impossible to occupy the Myanmar market.

On one hand.

They also have their own instant communication software over there.

Similar to WeChat.

On the other hand.

This company is also controlled by fighters.

In this case.

As long as mutual payment is enabled, there’s no need for all of Myanmar to use WeChat Pay. The next main target for penetration remains the banks of other countries, at least, first get the binding functionality opened.

…

Shen City.

Peguin Headquarters.

Office.

Mr. Ma’s face was extremely serious.

Staring at the image of the calmly smiling Tang Qing, he didn’t know what to say. What he worried about the most indeed happened; Tang Qing brought another milestone product.

—Electronic Payment.

The Cashless Era.

Is about to arrive!

This has a huge impact on Peguin, not just them, but all internet companies and even traditional industries. It has extraordinary significance; the user retention rate will surely surge.

The numbers might even explode.

Speaking of merchants.

To implement WeChat Pay, one must at least have a smartphone, which might lead to further growth in smartphone sales, and in this wave, Peguin is again left behind.

QR code.

So simple!

How did I not think of it?

Looking at Tang Qing.

He thought of it as early as last year, before WeChat was launched. He even initiated a project for payment device research. By now, everything didn’t just appear suddenly but was a natural fruition stemming from foresight.

Plan one step, foresee ten steps.

Such a competitor.

Is terrifying.

Even with ERV support, he has no confidence in contending with Tang Qing head-on.

“Mr. Ma.”

An executive knocked and came in.

Full of seriousness.

“Aware?”

“Yes.”

“Any suggestions?” Mr. Ma rubbed his aching head.

“Follow-up.”

Mr. Ma sighed.

“We’ve prepared nothing, QR code, camera recognition, payment devices, we are far behind.” The ground push for WeChat and Alipay can be said to have begun, registration and authentication, downloading the QR code.

Hang it on the wall.

Simple and convenient.

There’s no need for Tang Qing to send the code shell; numerous merchants can complete it on their own.

Compete?

No time.

This time.

Tang Qing has single-handedly grasped a large part of the market, and Alipay is still competing with it, but obviously, this time it’s Tang Qing playing with Alipay, yet he’s still the major shareholder; isn’t it the same?

The executive suddenly suggested: “We can ask ERV if there’s a mature solution.”

“Okay.”

Ten minutes later.

After hanging up the phone.

Mr. Ma was a bit dazed.

“What happened?” The executive hurriedly asked.

Sigh!

Mr. Ma sighed, “It’s not feasible.”

“Why not? Isn’t this very promising?” The executive asked in confusion.

“They’re not prepared to do this, the reason being that U.S. law doesn’t allow it, and other countries may also restrict it. Concerning citizen payment information, foreign countries are unlikely to permit foreign companies to promote electronic payments.”

“Therefore, compared to doing information communication, ERV is temporarily unwilling to start electronic payment business.” Mr. Ma briefly explained their stance, essentially telling them to fend for themselves.

“ERV can’t operate either?”

The executive was a bit surprised too.

ERV.

The world’s No.1 in internet.

Yet has no plan to do what they see as a promising electronic payment, which does not match their expectations.

“Hmm.”

Mr. Ma nodded seriously.

“It involves the core interests of major banking groups. Europe and America have long had a series of legislation to limit such behavior, with strong restrictions that even ERV can’t change.”

“And countries learning from European and American systems are similar; even if a loophole is opened, it would probably prioritize local payment companies. It’s a ’niche game’.”

The executive: “…”

Well.

They hit a hard bone.

Even ERV can’t chew it.

Next.

Mr. Ma wryly smiled, “However, in a country of Huaxia’s size, a ’niche game’ can create an enormous universe.” In a country of over a billion people, the scale advantage is too clear.

“Doesn’t our Central Bank control it?”

“As long as there’s demand from society, how can it be controlled? At most, incorporate it, like sharing payment information with the Central Bank. It’s uncertain if Tang Qing has reached such an agreement with the Central Bank.”

“…”

No way out.

Who else can stop Tang Qing’s steps.

“We can’t just stand by; follow up where necessary, learn what needs learning, and quickly add this functionality to Fetion.” Being unable to compete is one thing, but doing nothing will be an instant death sentence.

This is without question.

…

At this time.

The press conference was nearing its end.

“Mr. Tang, we’ll have to wait until midnight, we are all a bit impatient; can’t it be updated by noon today?” Finally, with no more questions, a journalist loudly asked.

“Yes.”

“We’re all impatient.”

“Even a trial version will do.”

“…”

To this.

Tang Qing just smiled.

“Our software is still undergoing final testing, ensuring that the updated software operates and pays securely, so for this request, I can only say sorry.” Tang Qing replied in an ’official’ manner.

Since it’s planned.

Execute it well.

They all say hunger marketing, how can you deliver everything all at once!

At this time.

The live broadcast viewers surged to seven million, and only Tang Qing at present has such appeal. By the end of the broadcast, they felt somewhat unfulfilled, even…

complained.