Reborn multinational giant

Mobile payment has been one of the important businesses promoted globally by Huizhong and WeChat.

Although WeChat covers more than 2 billion users globally, the WeChat services used by users globally are not all the same.

For example, WeChat Payments. Although the WeChat payments used by WeChat users around the world look similar in WeChat, the companies that really provide payment transaction services at the bottom of it are different.

In China, the real payment transaction service providers are PayPal, in the United States and parts of the world, Paypal, in Europe, worldpay, etc., and in India, Paytm.

Simply put, WeChat Payments is a shell wrapped outside and facing WeChat users. Inside, it is filled by these various payment companies around the world.

WeChat naturally did so in order to overcome countries' strict regulatory policies in the financial field while popularizing WeChat payments.

To date, more than a dozen third-party payment providers have cooperated with WeChat globally. Even so, there are hundreds of countries and regions in the world that do not have WeChat payment services.

These countries and regions that have not opened WeChat payment are either policy issues or financial infrastructure issues, etc. In general, WeChat has a long way to go in promoting the spread of WeChat payment globally!

Paytm, an online payment company born in mainland India, was founded in October 2009. More than two years ago, after WeChat exceeded 50 million users in India, WeChat entered into a partnership with Paytm, and WeChat payment was connected to Paytm. At the same time, Huizhou also spent USD 240 million to take 24% of Paytm's shares.

After investing in Paytm, Huizhong helped it make huge renovations and upgrades in the system architecture, risk control system, technical capabilities, service quality, etc.

After more than two years of development, the total number of WeChat users in India will exceed 300 million, and the total number of Paytm users will exceed 120 million. Paytm has accounted for more than 80% of India's online payment market share, becoming India's authentic national payment software.

This time, the huge additional investment of 1.5 billion USD, taking 25% of Paytm's equity, is intended to strengthen the control and voice of Paytm and deepen the cooperation between the two companies.

Based on this round of financial valuations, Paytm has valued at $6 billion, one of the top unicorns in the Indian market.

The news of Paytm's capital increase attracted a lot of attention in the internet industry in both China and India. What Fang Zhe did not expect was that President Alima, who had just made a big headline for the new record of Double Eleven, was visited by his servants.

“Fang Zhe, you're the only one who can help me!" Alima, who just sat in Fang Zhe's office for a few minutes, complained directly.

“What else is wrong with your horse?" asked Fang Zhe, who is making tea.

Alima always took the cup from Fang Zhe, didn't drink it, put it directly on the tea table, said:

“When I saw the news, you raised the capital of the Indian payment company Paytm, and I thought that your Fang Zhe's relationship in India was very strong. The three, five, and two divided by two will soon take control of the Indian payment company!"

Fang Zhe waved his hand and denied:

“Forget it, 49% is 49%. That's why I called Morty. Otherwise, the Indian regulator wouldn't be so easy to relax!"

Alima always looked at Fang Zhe with a look at the Master of Versailles and said ill:

“Don't take advantage and be a good girl. You've taken half the shares of India's largest payment company. Ali wants an Indian e-commerce company and is struggling to get a little share!"

“Which company?"

“Flipkart, you should know!India is the second-largest e-commerce company after Amazon and the largest mainland e-commerce company in India.”

“Flipkart” Fang Zhe is in deep contemplation. He has heard of this Indian e-commerce company for a long time, but he is not very related to this company. The layout of the e-commerce industry in India is mainly realized through PaytmMall, which is extended by Paytm.

Paytm entered e-commerce more than two years ago. Although it has only developed for more than two years, its monthly active users have exceeded 30 million, and now it is ranked after Flipkart, becoming the third largest e-commerce company in India.

“What problems have you encountered?" asked Fang Zhe directly. This is why Ma always comes to him.

“I don't know exactly why, as we talked about, we all intend to sign a contract for 20% of the shares valued at $7.5 billion and invested $1.5 billion, and we don't know why Flipkart has suddenly suspended the cooperation program.

Various surveys by our investment corps in India have not identified the exact reasons.”

President Ma finished and added:

“I came to you just to see the news of your capital increase Paytm. I think that you have gathered people into the Indian market for several years and have accumulated a certain amount of networking and resources in India.

I just want you to help me understand why Flipkart's cooperation has suddenly ended. We can also formulate a countermeasure on our side. If we can't talk about it, then we can re-select the investment target.”

“I'm going to make a phone call and you wait here for a while.”Fang Zhe leaves the meeting area after learning some details with President Ma.

A few minutes later, Fang Zhe came back and said to President Ma with a smile: "All right, I expect you will be informed in the afternoon that the Indian Investment Corps will continue to sign the contract.”

Mr Ma's eyes were stunned and shocked. What ghost? He and Alibaba had spent half a day trying to figure out what was going on. Fang Zhe made a few minutes of telephone calls and settled the matter?

“Who did you call?Could it be Morty? "asked Mr Ma.

“How come, as Morty, I can't keep bothering him. I had a phone call with Latan Tata, the leader of the Tata Group, and he promised to help with this.”

Fang Zhe explained.

“Tata Group?" Ma always thought of India as the largest capital group and became silent.

With the energy of the Tata Group, it is naturally easy to solve this matter. Thinking about the joints in it, President Ma relaxed.

“You have such a deep relationship with the Tata Group, I see you make a call and he is willing to help.”Ma always asked curiously.

“Of course, Lattan Tata has a nephew in our company who is the president of the Indian Investment Department. Over the past few years, we have gathered people and Tata Group to invest in many projects. He will naturally be happy to help Tata Group earn a fat bag.”

Fang Zhe's explanation made General Ma admirable. After several years in India, he has been tied to various interest groups at the intersection of the Indian roots, which protects the local development of the conglomerate, and also makes the conglomerate's influence on the ground deeply entrenched.