Chapter 2554 Controlling Online Shopping Finance in India
Qin Yibin is still the general person in charge of the Xiaoyao department in India. Although Xiaoyao Express and Xiaoyao Logistics will operate independently, he still has the overall supervisory jurisdiction.
But according to Xiao Qi's understanding, Qin Yibin has no interest at all in the position of president of the Indian branch.
Because he knows that with the purchasing power of China's 1.5 billion people and the development potential of this market, it is definitely not comparable to India, a country with a complicated situation.
Moreover, Xiaoyao Mall is an important part of Xiaoyao Family, and Xiaoyao Family is an important part of Xiao Qi’s Xiao family wealth. As long as Qin Yibin manages Xiaoyao Mall in Huaguo well, then not only himself, but also his
Future generations will benefit from this and will be cared for and supported by the Xiao family.
Therefore, while Qin Yibin was supervising the three major companies of the Xiaoyao Group in India, he had to observe and discuss with Zhou Bo and Wen Lu as soon as possible to select the three overall leaders of the Xiaoyao Group.
These three general managers must be able to act independently and have strong working abilities.
It is still hard to tell in general now. Only through the operation of Xiaoyao Group in India can we know who is a capable person and who is a mediocre person.
Xiao Qi will not care about this aspect, because no one knows the Xiaoyao family better than Qin Yibin, Zhou Bo and Wen Lu.
Let professionals decide on professional matters, this is what Xiao Qi has always insisted on doing.
In addition to the active preparations of the Xiaoyao series, Xiao Qi is more concerned about another matter that he wants to develop in the long term.
India is a federal country, like the United States.
But unlike the United States, many places in India are simply closed and conservative places, with no modern culture and education at all, and many conflicts are very acute. The situation in each region is different and very complicated.
Big cities are better, at least the progress of civilization is not bad.
However, small cities, especially small villages and towns, not only have a completely self-sufficient small-scale peasant economy, but also have many ancient customs. Many of them are bad customs.
Therefore, in this case, the legal systems and measurement standards in various parts of India are completely different.
If you want something to be unified, it's basically impossible.
However, the process of modernizing society cannot be stopped by these ancient and absurd customs in India.
Especially in the area of online commerce, it has transcended geographical restrictions and can be purchased anywhere; it has also transcended the restrictions of rich and poor. Whether you have money or not, you can buy what you need online.
Therefore, when online b2c commerce just started, a unified standard was implemented. If it continues to develop, everyone who joins in the future will respect this system and then consciously abide by it.
That's right.
What we are talking about here is not buying and selling things, but a more far-reaching industry, online shopping finance!
In his previous life, when Xiao Qi was watching the development of Indian online e-commerce giants such as Flipkart and Snapdeal, he saw that they were envious of Taobao.com's Zipay, saying that it was difficult to form a unified and complete payment system in India.
They are used to cash on delivery, and many people are not used to paying with credit cards or debit cards.
So when Xiao Qi developed Xiaoyao Mall, he decided to introduce Xiaoyao Wallet of Xiaoyao Mall and the online payment transaction system of Fairy Bank.
This is easy to say about Xiaoyao Wallet. If Xiao Qi can make all products 2% cheaper when paying with Xiaoyao Wallet, it is guaranteed that most people will save money and enter Xiaoyao Wallet.
Fairy Bank's online payment transaction system is a bit more complicated. Fairy Bank must enter India to operate, and then it can build this app on mobile phones to allow people to use Fairy Bank cards to pay.
It doesn’t matter if you don’t have a mobile phone to access the Internet. The square card swipe device carried by the courier can solve the problem. You only need to swipe it with your Fairy Bank card.
As for why you use Fairy Bank Card?
It's very simple. You can get a 2% discount when you use Fairy Bank's credit card or debit card. You don't have to pay any handling fees and interest within the limit of 200 US dollars a month. Do you want to use it?
In addition, if you use Fairy Bank Card or Xiaoyao Wallet in Xiaoyao Mall on your mobile phone, you can get an additional 2% discount. Do you use mobile payment?
If the Fairy Bank Card and Xiaoyao Wallet are also bound together, then an additional 1% discount will be added. Do you want to bind them or not?
The total of these several discounts is basically a discount of about 5%. For people who purchase goods for a long time, a 5% discount is definitely not small. At least 30% of users will use mobile network payment for this reason.
And bind Xiaoyao Wallet and Fairy Bank Card.
Considering that many young people and white-collar workers in India are already accustomed to the Western credit card life, they will not resist slightly more advanced online mobile payments. This group of people account for at least about 20% of the overall shoppers.
.
In total, it is optimistically estimated that three years after the opening of Xiaoyao Mall's Indian branch, including users of Xiaoyao Wallet and Fairy Bank Card, there should be 200 million mobile payment users.
Being able to have 200 million users and the funds they deposit in banks and wallets, no matter which bank or mobile payment platform, is very impressive. If it is listed on the market, it will be at least 50 billion.
Market value above USD!
In Xiao Qi's mind, Indian online shopping finance and mobile payment are as important as the three major companies in the Xiaoyao series.
Use the Xiaoyao series to control the buying and selling of Indians' daily necessities, and let the Xiaoyao wallet and Fairy Bank Card control their consumption. It is no exaggeration to say that Xiao Qi can control at least 20% of India's economy.
As long as you pay attention not to get involved in various disputes in India, do your own thing seriously, and then handle things in an all-round way, it is not impossible for Fairy Company to turn India into its own back garden.
In anticipation of this situation, Fairy Bank began to clear India's financial review and apply to enter India as early as the Spring Festival.
Since India adopts a Western open financial system, Fairy Bank completed all procedures, paid a large amount of capital deposit, and gave red envelopes to the officials involved in the review. As early as
In July, branches were opened and officially opened in the seven cities that have been decided.
However, Xiaoyao Mall has not yet opened for business, so Fairy Bank's reputation is naturally very low. Only the business of Fairy Direct Store has been transferred, so the turnover will not be too embarrassing.
However, the poor business performance cannot affect the enthusiasm of the staff of Fairy Bank. They know that Fairy Bank will have at least more than 30 branches in India in the future, and everyone will have the opportunity to become a master, so when nothing happens, they
I went to the streets to promote myself and attract customers, in order to train myself more so that I could get a promotion and a salary increase in the future, and become a real gold-collar worker.
Xu Weihong personally took the lead in opening the new branch. After the MCA checked it out, he told Xiao Qi that Xu Weihong already had the initial abilities of a banker. If he continued to train like this for three to five years, he would be able to become an outstanding banker.
banker.
Speaking of Xu Weihong, he can be said to be the number one model worker of Fairy Company.
After his mother recovered and his wife gave birth to their son, Xu Weihong's major life issues were basically resolved and he devoted himself to his work.
Zhou Bo has to work hard running around all day long, and Xu Weihong also goes to various branches all day long to deal with various matters, and there are endless meetings... Basically, he can take two or three days off a month, and his daily working hours are definitely more than
12 hours.
Xiao Qi also told him many times about this, but Xu Weihong just smiled and said that in order to establish and develop Fairy Bank, the main pillar within the group, he was willing to work no matter how hard it was.
Fortunately, Xu Weihong is not old, so even if he worked harder when he was young, he can still hold on mentally.
In addition to sighing, Xiao Qi could only try his best to instruct his subordinates to provide the best logistical support for Xu Weihong's life and work, and to increase his salary subsidies.
Xiao Qi has always believed that the talent theory of steel magnate Carnegie is very correct. Talent is more important than money.
The sense of accomplishment of making money is not as good as the sense of accomplishment of discovering a few capable subordinates.
Needless to say, Xu Weihong and Zhou Bo, Xiao Qi knew from his previous life that they were very capable and could be used as confidants.
Then Yu Shanshan, Qin Yibin, Zhang Gu, Zhang Qingqing, Xing Hu, Wen Lu... and other talents were discovered by Xiao Qi in his own life. Seeing them succeed in each job position, Xiao Qi
I feel that the Fairy Company is about to collapse. As long as they are willing to work hard with me, in a few years, at least another company worth hundreds of billions will be re-established.
It is a pity that Xiao Qi has not discovered enough talents like this, otherwise MCA would not be appointed as the president of the Indian branch.
There is no doubt about Ma Hua's ability, but he is old after all, and is not that familiar with online finance. Xiao Qi is a little worried that his development is not active enough.
But there is no way now. Xu Weihong cannot be allowed to slow down the more important layout of the China headquarters and come to work in India, right?
It seems that attracting some talented banking elites from abroad is also an issue that must be put on the table.
After all, it is not just India. The establishment of branches in Malaysia, the Philippines and other countries in the future will also require more professional talents! (To be continued.)