First information Greater China President Li Lihai: At present China's credit card cost is only 2%, 16% of spreads

20 years ago, when he was living abroad, he lost a bank card and found it two weeks later, Li Lihai, chief executive of Greater China (first data), said in an interview with the Leehun. He called the bank, the bank asked a few questions, confirmed that it was not his intention to cheat, decided to send Zhang Yingka to him, bear all the losses. Banks think it's their operating costs. In China, most of the time consumers come to bear the losses. In the area of payment, despite the great achievements made by China in the past more than 10 years, there is still a big gap.

The first information provides financial institutions and merchants with electronic payment and merchant handling services, such as the receipt of orders from merchants, the systematic management of data on credit card users, and so on. If you compare the organizations such as UnionPay, Visa and MasterCard to highways, the first information is the entrance and exit of cars on highways.

cbn:2009 years, China UnionPay has confirmed nearly 30,000 cases of credit card case. How to develop credit card at the same time to prevent risk becomes an important topic today. What do you think about this?

Li Lihai: Last year's economic crisis, many businesses closed, including airlines. Some airlines collect money, sell tickets, and then airlines go bankrupt. Who's in charge? In foreign countries, the protection of consumers is very high, the bank will be responsible for compensation, the money back to you. So when the bank is in receipt of the order, it is necessary to be careful when choosing the merchant. In foreign countries, we work with banks to do the outsourcing of receipts (this part of the business is not yet launched in China). So we are also responsible for guarding against the risks of unscrupulous businesses.

CBN: How to guard against it?

Li Lihai: We have experts to screen the merchant, and according to the income and expenses of the merchant, we collect the deposit according to their financial position. If it is AAA class merchant, will accept less or not, if it is CCC level, more accept more. And once a merchant closes, we pay together with the bank. For example we and Bank of America, we accounted for 49%, they accounted for 46%, the rest of the investment company to bear. Last year, an airline in Hong Kong closed down and the loss was shared by all of us. In the financial turmoil, the risk of receipt is still very large.

CBN: How much does the financial crisis affect you?

Li Lihai: Our clients are banks, which have a direct impact on bank failures, lower consumption and lower bank budgets. Luckily, credit cards are an act of consumption. The number of cardholders has not changed, but may have bought 100 yuan, now buy 90 yuan. The number of consumption is not much reduced.

CBN: What is the current credit card loan situation in China?

Li Lihai: Now China's credit card revolving credit is about 20 billion dollars, which is a very low number. I used to be a bank, a single family on 800 billion dollars. In foreign countries, personal loans and corporate loans accounted for about 50% of the bank, while in China, 80%, 90% are corporate loans, personal loans are very few. Even if there is a loan, first the mortgage, then the car loan. What's the reason? This is related to the development of technology and the willingness of banks. Lending to the company is easy, send someone to the company to see how the company operates. But to the personal card is millions of tens of millions of, it is impossible to one family to check. To solve this problem, we must rely on data and technology.

In addition, the current Chinese credit card interest is 18.25%, and the cost is about 2%, 16% of the spreads. Foreign spreads are not so high, there are high and low, your credit is your capital, the higher your credit, the lower the interest.