Rebirth: Super Banking System

Chapter 1781: Chapter 1611 Reserve Fund (Requesting Subscription!)

“Do you believe it?”

“No.”

“It’s about to launch; how can it still be in the testing phase?”

“True.”

“Strongly demand an early launch.”

“It’s a routine.”

“…”

Regarding doubts.

On stage.

Tang Qing remained extremely calm.

Whether you believe it or not, I believe it, and in fact, it’s not entirely a sham. The testing on Ali’s side has never stopped, striving to ensure that this update doesn’t encounter any issues.

Over there, they’re quite nervous now.

The most worrisome.

Is still the accuracy of scanning. Front-facing scans aren’t much of an issue, but side scans become significantly harder, which involves the non-expertise of the image recognition field, where one mistake equals a hundred percent error.

Limited testing on my end.

Once it goes live.

With billions of daily usage, even the tiniest error rate can be magnified to the extreme. Tang Qing didn’t help out because he knows Alipay’s recognition algorithm.

In terms of accuracy.

It’s actually sufficient.

Right now.

It’s just like ’pre-launch anxiety’, a caution towards the unknown.

Then.

Amidst a chorus of boos.

The press conference ended.

And the impact.

Had just begun to spread. People passed the word along, and peers were frantically preparing to launch this new functionality, even if it’s uncertain whether they can compete with Tang Qing, grabbing a small piece is still good.

One person transfers money to WeChat, and the money keeps circulating within WeChat.

However.

As long as it doesn’t transfer to a bank card, the money just sits in the platform’s bank account, untouched. Though it’s not WeChat’s money and can’t be used casually, how much is the interest when deposited with the bank?

How tempting.

Where there is profit.

People will follow.

“…

Back in the living room.

“Is it really still in testing?”

Zeng Rou came up.

The others left after breakfast, leaving just her wanting to play for one more day. Her internship unit is at the Shanghai TV Station, found by her uncle who holds a top position at the Shanghai Finance Bureau.

“Does it make a difference?”

Tang Qing smiled and said.

“Of course, it does. I’m quite curious to try it out.” Zeng Rou nodded.

“But if no one else has it, how will you use it?”

“Uh!”

Zeng Rou was momentarily speechless.

Yeah.

If no one else can use it, who would she scan? Scan herself? Haha, that’s quite boring. Never mind, let’s wait for the update together. Just then, Tang Qing’s phone rang from his pocket.

“You go ahead.”

After saying that.

Zeng Rou dashed off upstairs to paint with Lin Jiaxue.

“Tangtang.”

“Uncle.”

“I just watched your press conference, really impressive. How’s the promotion going, no issues, right?” Tang Kai had just arrived in Xin’an City to attend the trial operation ceremony in Delin Province as an invited island developer.

“Everything’s arranged.”

“That’s good.”

“By the way, Uncle, do you want to advertise your company? You could have it printed on the QR code plaques we’re providing.” Tang Qing casually suggested. As expected, this offers a potential for thousands of exposures.

Prioritizing family.

“How large in scale?”

“Nationwide.”

“No problem, but don’t expect any discount on the advertising fee,” Tang Kai emphasized.

Tang Qing: “…”

Fine.

Don’t talk money with the rich.

“Alright.”

Saying it’s nationwide.

Doesn’t mean it’s going to be uniform across the country. It will be varied, for instance, a shop might not just have one, but possibly a dozen QR codes, with different backgrounds.

“By the way, once this WeChat Pay circulates, won’t it be the same as Alipay with a large amount of funds lying still?” Tang Kai also thought of this, recognizing that it could be a huge sum of money.

He didn’t have any particular thoughts on it.

Just wanted to ask.

Having this amount of money could be a significant help to Tang Qing’s business.

“Yes, but it can’t be used.”

“Why not?”

“The Central Bank will soon introduce regulations to manage such ’customer reserve funds’ uniformly, to prevent companies from misappropriating them and being unable to pay users back,” Tang Qing explained.

In fact.

This regulation was clearly defined only before his rebirth.

Before this, the Central Bank had restrictions, but they weren’t as strict, allowing many third-party payment companies to misuse customers’ funds for high-yield corporate credit.

This made it hard to guarantee the safety of users’ funds.

Therefore.

At the beginning of seventeen.

The Central Bank formally introduced regulations to further restrict the usage of these funds.

Regarding this.

Tang Qing was supportive because, in theory, this money belongs to the users, not the payment platform. Thinking to use it at no cost? Moreover, he wasn’t too interested in the bank’s low interest.

Simply.

When discussing swift binding, he proposed this suggestion, which wasn’t exactly a blow to anyone. Despite the surplus of third-party payment funds, the interest income doesn’t constitute a significant proportion of the profit.

A third-party payment enterprise with annual transaction volumes exceeding a hundred billion.

The interest income at best amounts to twenty to thirty million.

Nowadays.

The largest e-commerce platform Taobao had transaction volumes surpassing two hundred billion in zero-seven; this year, at least three hundred billion, also benefiting from the emergence of smartphones, otherwise, it would only be around a hundred billion.

Of course.

In a couple of years.

Perhaps the sales volume will reach a trillion.

Back then, Ali grew at a rate of doubling every year.

“That’s true, if it’s misused or if the company runs off with the money, that would be a huge problem. By the way, Delin Province is having a trial operation ceremony in a few days, I heard it’s quite lively, would you like to come?” Tang Kai asked.

“I’ll watch from home.”

“It would be great if this place could support WeChat’s electronic payment too.”

At this moment.

Tang Kai sat in the car.

Passing through Xin’an City.

The massive flow of visitors admired by countless cities… Such a waste not to use it.

“Probably by next month.”

“Really?” Tang Kai said in surprise.

So soon.

“Yes, the process is underway. This matter not only requires Myanmar Bank’s consent but also Zero’s vote during the meeting, which takes a bit longer,” Tang Qing said with a smile. If he wanted it fast, they could pass it by tomorrow.

However.

There’s no need to rush things.

What’s the hurry?

It’s all in the pot, can’t run away.

“That would be great.”

After more chatting.

The communication ended.

The car had already arrived at Wei Jun’s house.

“Uncle Tang.”

“Xiao Jun, it’s going to get busy soon.”

“Haha, it’s manageable.”

In Delin Province’s trial operation.

Wei Jun, who runs a travel company, had previously bought land and islands in Delin Province, and built several resort hotels, almost sinking his entire fortune into it, but he remained open-minded.

After all, holding onto Zero’s thigh.

As long as he had the fruit wine sales rights, money would keep flowing steadily.

Not investing.

Would just let it rot.

Due to his optimism about Huaxia’s tourism market, through continuous mergers and acquisitions over the past two years, the company grew larger. Although it might seem like small potatoes to the Tang Family, within the industry, it’s already considered a giant multinational travel group.

In Delin Province’s trial operation.

He received directives from the Myanmar country’s tourism bureau — to promote it vigorously.

Thus.

This morning.

In Huaxia and across all Southeast Asian countries’ branch companies, nearly six hundred stores put up Delin Province’s travel promotional posters. Coupled with online app promotion, the tickets sold crazily.