Reborn multinational giant

WeChat launched the QR code function for receipt and payment this time. In addition to adding this function to the WeChat of ordinary users, it also launched business cooperation with several major supermarket chains across the country, including 7-11, FamilyMart, Meiyijia, and Kuaike.

WeChat pays the cost of scanning equipment and cashier transformation and installation, and provides free access to the function of scanning WeChat QR code to collect payments for these chain supermarket stores across the country!

In addition, WeChat also announced a three-year WeChat payment subsidy program, starting with WeChat’s launch of the QR code for receipt and payment function, and ending on the same day three years later. WeChat users use the WeChat payment QR code. Every transaction paid to a merchant may receive a certain amount of cash back and subsidies.

On holidays or official WeChat event days, etc., the subsidy amount may double or even discount the user's one-time transaction amount!

This subsidy program of WeChat has directly stimulated many WeChat users who are early adopters and want to save money. They can't wait to go to 7-11 and other chain supermarkets across the country to use WeChat Pay to purchase goods.

7-11 and other merchants that cooperate with WeChat are also pleasantly surprised to find that since they connected to WeChat Pay, the customer flow and daily turnover of their stores have increased by more than 10%. Merchants and supermarket chains that have not yet connected to WeChat Pay are envious, and have expressed their intention to cooperate with WeChat officials to access WeChat Pay collection functions.

However, merchants such as 7-11 are the WeChat payment collection functions that WeChat, in order to promote WeChat payment, proactively ask for money from the door and pay for the equipment to dispel the concerns of the merchants.

The rest of the merchants and supermarket chains are not so lucky. Although the WeChat QR code scanning equipment and installation and renovation costs are not expensive, there are too many supermarket chains and merchants that can’t support the country, even if there are unmanned parties. The richest man does not dare to guarantee these devices for merchants for free.

Therefore, subsequent merchants and chain supermarkets who want to access the WeChat payment collection function can only spend money to buy equipment for modification. Although most merchants have dispelled the desire to access WeChat payment, there are still Many merchants are far-sighted and know that as the number of WeChat users increases, more and more users will use WeChat Pay. Other supermarkets and convenience stores can increase passenger traffic by more than 10%, even in their own stores. It can increase by 5% or even 1%. Compared with the cost of accessing WeChat payment, that is a very profitable thing!

A few days after WeChat launched the QR code payment and receipt function, it has a great relationship with Huizhong. As the supporter of WeChat payment payment services, Alipay has also updated its Alipay APP and launched a QR code payment and receipt function similar to WeChat. .

Although WeChat Pay is very closely related to Alipay, it can even be said that all WeChat Pay users are Alipay users. However, not all Alipay users are WeChat users, because the source of Alipay users is quite a bit from Remittance. Game users on game platforms such as Zhongle, Steam China, etc., come from e-commerce companies such as JD.com, Miya, Jumeiyoupin, Ele.me, Meituan, or various service companies invested by Huizhong.

In the future, the independence of Alipay will become stronger and stronger, and it will develop more and more towards payment software, financial management software and convenient life service software. Therefore, Alipay and WeChat have similar QR code receipt and payment functions, but they are mutually exclusive. independent!

On the morning of the second day after Alipay updated the QR code collection and payment function, Alipay executives, who had not yet separated from Alibaba, held a meeting with Alibaba executives such as President Ma and Zhang Yong to discuss Alipay’s launch of collection and payment. Seminar on QR code function.

"WeChat and Alipay launched the QR code payment function this time. Didn’t you receive any news in advance?" Alibaba’s executive vice president, Lu Zhaoxi, who founded and led the rise of Alipay in the early days, gave a serious face to the current Alipay. The person in charge Peng Lei asked.

Peng Lei is the current Alipay CEO and one of the few women among Alibaba’s 18 entrepreneurial veterans. Her husband Sun Tongyu, who is also one of Ali’s 18 entrepreneurial veterans, is the main founder of Taobao.com , Was also the president of early Taobao. In 2008, Sun Tongyu resigned from Taobao, while Peng Lei stayed at Alibaba and served as the CEO of Alipay since the beginning of the decade.

In the past life, under the leadership of Peng Lei, Alipay has been far ahead of third-party payment platforms such as Tenpay’s Tenpay in the field of third-party payment, and firmly controlled most of the market share in this field, even after Tencent relied on WeChat. With a huge user volume, WeChat Pay has been launched. Under the leadership of Peng Lei, Alipay has also improved its financial management services, small and micro loans, and convenient O2O services.

In the previous life in 2018, in the global capital market, Ant Financial, which renamed the independent Alipay, exceeded a valuation of hundreds of billions of dollars. Peng Lei's credit can be said to be indispensable, so her ability is definitely worthy of recognition!

It's just that, in this life, Fang Zhe, a rebirth, and the payment channel hatched by Huizhong are disrupted. Even Alipay, which is stronger than Peng Lei, has developed a lot faster than the previous life.

Nowadays, many of the market shares that should have belonged to Alipay in previous life have been robbed by Alipay. Not to mention, the various functions and services launched by Alipay are beyond the reach of Alipay. I am deeply admired and can only study hard!

This kind of attitude of Alipay to learn and catch up with Alipay makes Peng Lei and the entire Alipay team feel very tired. For example, this time the QR code payment function launched by WeChat and Alipay, Peng Lei did receive in advance The subordinates reported the news, but at present, in terms of Alipay's functions and services, there are many more important and worth learning things that need to be learned from Alipay.

Including the credit scoring system launched by Alipay, the utility bills and other life payment services in many cities across the country, etc. All these require Alipay to learn and catch up. In contrast, a small payment and payment QR code function, Even if Peng Lei pays attention to it, its development and launch time may have to be scheduled for half a year!

Peng Lei is a very straightforward person, and therefore, she answered Lu Zhaoxi’s question very directly: "We did receive the news in advance, and we had a simple seminar to study, but according to our current work plan , Alipay launches this feature, at least six months later!"

When Peng Lei said this, the Ali executives who attended the meeting all showed weird looks, especially Lu Zhaoxi, who had just been questioned, his face was even more expressionless. Obviously, Peng Lei's answer and attitude made him very unhappy. satisfaction.

However, President Ma, as the helm of Alibaba, has a very peaceful mind. He only smiled relaxedly, and the atmosphere in the conference room became a bit more active. Then he said:

"If you have any difficulties, just say it. It happens that we all work together to find a solution. Now Alipay and WeChat Pay complement each other. The development speed has far exceeded my expectations, and it has far exceeded the current development speed of Alipay.

Although, now our Alipay still has a certain lead in the number of users and transaction volume, but if we can’t open this gap again, I believe it won’t be long before Alipay and WeChat Pay will catch up or even surpass us. !"