Yeepay pay Yu Chen: There will still be many ways to pay in the future

Absrtact: September 26, Yeepay, president and co-founder of Yu Chen, said in an interview with Tencent technology that Apple's influence will make NFC (approach communication technology) An important scenario application, but there will still be a variety of payment options. Apple pay won't

September 26, Yeepay, president and co-founder of Yu Chen, said in an interview with Tencent technology that Apple's influence will make NFC (Access communication technology) An important scenario application, but there will still be a variety of payment options.

Apple pay will not pay the industry

In early September, Apple released its latest payment system, Apple Pay, which supported NFC payment technology, which attracted worldwide attention once it was published. For Apple Pay, Yu Chen that having Apple's influence would give it a degree of market recognition, "NFC payments can be an important scenario application, especially in small retail scenarios." ”

Yu Chen also points out that the demand for payment scenarios is diverse, even in Japan and South Korea, where NFC payments are most successful, and it is mostly used in convenience stores, bus payments, and so on, not taking all of the scenes, "we'll still see multiple forms of payment." ”

Industrial Internet imagine a bigger space

Yu Chen said that we are experiencing the second wave of the Internet, in which the Internet is reshaping all the traditional industries, the so-called industrial Internet.

The first wave of the internet was in the 90 's, popularized by the World Wide Web, to Virtual information class services (such as mail, portals, search, etc.), and the second wave is with the mobile Internet, intelligent terminals, Internet of Things (IOT) and the rise of O2O, the impact of the network from the line to the line, From the virtual economy to the real economy, from the IT industry extended to the traditional industry, changed our food and clothing and life services (catering, taxi, etc.).

Yu Chen that the second wave means that electronic payment is not only to serve the narrow sense of e-commerce or online shopping payments, but also can serve all offline traditional industries, the line of the traditional industry transactions on the scale of 20 times times the line, with greater market potential, Electronic payments can also be used to promote the electronic delivery of all traditional industries through the electronic flow of funds.

The following is the Tencent Science and technology interview record:

Tencent technology: What does mobile Internet bring to yeepay payment?

Mobile is the link between the line and offline bridge, mobile payment is also one of the most important yeepay payment strategy. Mobile Internet makes payment can happen anytime, to bring great convenience to consumers, on the other hand, because the mobile phone has gradually become identity labeling and authentication tools, mobile payment in a sense can become more secure. In traditional payment, security and convenience are often not the same. Yeepay payment of a key payment can be widely used in mobile games, flight booking, mobile commerce, O2O services, and many other scenes; Yeepay payment of Bluetooth POS, can be the card machine and intelligent terminal matching, for the merchant brought integrated mobile checkout and payment solutions.

Tencent technology: Before you said, we are experiencing the second wave of the Internet, this second wave how to understand it? is the traditional industry subversive or complementary?

The first wave of the internet was in the 90 's, popularized by the World Wide Web, to Virtual information class services (such as mail, portals, search, etc.), and the second wave is with the mobile Internet, intelligent terminals, Internet of Things (IOT) and the rise of O2O, the impact of the network from the line to the line, From the virtual economy to the real economy, from the IT industry extended to the traditional industry, changed our food and clothing and life services (catering, taxi, etc.). "Atoms are new bits": The first wave of the internet is more of a virtual world of bits, while the second wave of the internet extends to the physical world of atoms, and the internet is reshaping all the traditional industries, the so-called industrial Internet.

Tencent technology: What does this second wave mean for the payment industry?

means that electronic payment does not only serve the narrow sense of e-commerce or the payment of online purchases, it can also serve all the traditional industries under the line, the line of traditional trade transactions are 20 times times the size of the line, with greater market potential, electronic payments can also be through the electronic flow of funds to promote the electronic industry in all traditional industries.

Tencent technology: How to look at Apple's new iphone Pay (NFC)?

NFC payments can be a very important scenario application, especially in a small retail scenario where more apps are available, and with Apple's influence, Apple Pay should be able to get a fair amount of market recognition and drive the ubiquity of NFC. On the other hand, the demand for payment scenarios has always been diversified, even in the most successful NFC payments in Japan and Korea, it is mainly used in convenience stores, bus payments and other scenarios, not take all the scene, we will still see a variety of payment methods coexist.

Tencent technology: What role does the payment play in building the ecosystem of Google (Weibo), Amazon, Facebook, Microsoft and other technology giants?

Payment is an important link in the Internet ecosystem, is the basis of the transaction closed loop, is the universal demand of all business activities. When the Internet evolves from an information platform into a trading platform, the role of payment in the Internet ecosystem becomes increasingly important. Payment is the "last kilometer" in the process of transaction, it has important strategic position, and it is also the pivot of connecting other links including Internet financial service.