Electronic payment is just the first step in internet finance

"Internet finance is one of the most popular hot topics at the moment, from the Internet financial discussion of the popularity of the venue can be seen," Yeepay pay senior vice President Yu Chen in an interview, said the internet subversion of the traditional financial industry, and solve the payment and capital flow, it is the first issue of internet finance.

Yu Chen Introduction, Yeepay payment positioning is always committed to the vertical industry solutions. Over the past decade, payments from the initial gateway payment model to Alipay's guaranteed payment model, to Yeepay's pioneering industry payment model, has undergone many innovations and changes. In E-commerce, air travel, digital Entertainment, fund insurance (assured), fast-elimination chain and other areas, pay the innovation of the industry, business models.

From Ali launched balance Treasure started, in recent months, business treasure, income and other Internet wealth management products frequently appear in the market, from the giant network to Suninkingdong, etc. in order to dabble in the Internet financial circle to start the Bureau, Tencent's micro-letter 5.0 of the launch is stirred up the internet finance a pool of spring. Yeepay pays for the industry to pay for the solution, but also intended to create their own characteristics of financial products.

Since July, the central bank has issued the seventh instalment of payment licences, the domestic license to more than 250 enterprises, including Baidu, Sina and so on have been paid licences, and recently came out of the third party to pay for the opening of foreign capital news. ebay's chief executive, Donahoe, said last month that it was expected to become the first overseas company to receive a financial-payment licence in China.

Facing fierce market competition, Yu Chen said: "This is not the wolf." He believes that outside the industry may not understand the entire payment industry's ecological environment. The influx of foreign payment agencies is not a bad thing, and China's financial market itself has a lot of characteristics, the future can do the wind may still be domestic payment enterprises.

Yu Chen, for example, the International trade payment tool like PayPal has its own characteristics and strengths, as the world's largest payment platform, it has a profound user base and a large number of user groups abroad, in Cross-border payment has a strong advantage. As the industry becomes more standardized, the addition of overseas payment operators for domestic payment enterprises, but is a good supplement, the two sides will certainly launch the relevant cooperation, rather than a simple competitive relationship.