"Credit system?"

Liu Yong was stunned: "What do you mean by this?"

"Mr. Liu, our payment port was originally a third-party guarantee. The buyer was afraid that the seller would not ship the goods, and the seller would not give the goods. So our payment port was launched to provide guarantees for both the buyer and the seller. In this way, both the buyer and the seller would feel at ease."

"I understand this. I have to say that your payment pass is very innovative, which also makes e-commerce possible."

"So, it is precisely because Payment Pass serves as a guarantee that he had the characteristics of credit at the beginning of his establishment. This made both buyers and sellers believe us, so our Payment Pass was promoted. Now, Payment Pass is becoming more and more widely used, and we have also established a user credit system through Payment Pass."

"This system judges a person's credit rating through the user's buying and selling behavior, capital situation, etc. The higher the credit points, the stronger his ability to perform the contract. At the same time, through his credit points, we can achieve the goal of controlling risks."

Chen Yu's explanation gave Liu Yonghao a thumbs up: "Awesome, Mr. Chen, how did you think of the credit system?"

Although their credit business has not started yet. If Huanyu Technology's Payment Pass is a judgment on its performance ability, then such a business will undoubtedly be feasible. If a consumer is ready to take a loan, he can take a look at his credit points. If the credit points are not met, then his performance ability will be relatively low and he can refuse to issue loans. With enough credit rating points, it means that he has strong ability to repay the loan, and this business will be completed.

Although this cannot be said that credit points can completely eliminate bad debts, with such an audit, the entire loan business will be much safer.

"We are forced out by the market. We are not like your banks. You are asking customers to come for loans, we are asking customers to come for purchases and to spend. You don't have to worry about not having business. If we don't have business, we will have to go bankrupt... So, we thought of such a creativity."

"Mr. Chen, look at what you said, it seems like our bank is profitable."

Liu Yong cursed Chen Yu in a funny way.

However, although Chen Yu's words are not so objective, the truth is correct.

Why don’t their banks engage in credit loan business?

Could it be that they have no money?

This is not at all.

They just don't want the funds to go wrong.

Of course, they can also think of some ways to reduce the bad debt rate.

For example, they can also build a credit system.

However, because banks don’t have to worry about not having business, they will not think in this direction at all.

"Mr. Liu, how about it? With my credit system, can I still do this business?"

"It's done, of course."

Liu Yonghao nodded with satisfaction this time.

Although such a business doesn't seem big, it's not.

Think about how many people buy mobile phones, computers, and various electronic devices?

Even if each person costs more than a few hundred yuan or one thousand yuan, the amount added up is too much.

Moreover, with their Huanyu Technology's Payment Pass to ensure credit, the bad debt rate is not lacking, but it can definitely be reduced to a safe level.

Minsheng Bank will definitely be extremely welcome to such a business.

There is another problem here: Not everyone has a payment account.

Actually it doesn't matter.

Huanyu Technology cannot do everyone's business.

As long as there are those people in Payment, this business is already extremely large.

In fact, Chen Yu's current users of Payment Pass are already quite considerable.

In order to promote Payment Pass, Chen Yu bound the Payment Pass business with the Internet cafe management software.

Internet cafe management accounts are actually Pay Pass accounts, and users can also shop online through Internet cafes.

It should be said that as long as you can access the Internet, you basically have a Pay Pass account.

"Since that's the case, then we'll make it. I'll send someone to connect with Minsheng Bank for the specific operating details."

"no problem."

"Okay, Mr. Liu, I won't delay you. I'll go back first."

"How can this be done? You can come here rarely. No matter how you say that I, the local owner, have to do the best of the landlords."

“It’s so busy.”

"No matter how busy you are, you can take time. Listen to me this time. By the way, there will be a banquet tonight, all of which are big shots in finance. You must deal with them in the future and let you know each other."

"Since that's the case, I'll follow your arrangements by Mr. Liu."

He couldn't refuse, so Chen Yu could only agree.

...

"Mr. Liu, how did you arrive?"

"Didn't I bring a heavyweight guest?"

"Heavyweight, what are you talking about?"

"You guys see, you have no vision."

That night, Liu Yonghao took Chen Yu to the banquet.

However, many people were surprised by Chen Yu next to Liu Yonghao.

I wonder why Liu Yonghao brought a young man to him?

But after Liu Yonghao introduced him, everyone stared at him and could hardly believe it.

"You are Chen Yu?"

"Don't it look like it?"

"No, no...No, Mr. Chen, you really surprised us."

If you want to talk about Chen Yu of Huanyu Technology, you have heard of anyone.

But when it comes to real people, few people have seen them.

But although I have never seen it, who is Chen Yu?

Whenever Chen Yu’s name is mentioned, even a group of bigwigs in the financial world have to look at each other.

"Come on, Mr. Chen, let me introduce to you, this is Mr. Huang from the Agricultural Bank of China."

"This is Mr. Li from Bank of China."

"This is Mr. Zheng from the Bank of Communications."

"This is Mr. Zhang from Industrial and Commercial Bank of China..."

All the people who come here are big bosses, and the lowest ones are at the level of deputy presidents.

Chen Yu shook hands with everyone one by one.

"Mr. Chen, I heard that you opened Huanyu E-commerce account at Minsheng Bank. Can you open some accounts to our Industrial and Commercial Bank of China?"

After reviewing the introduction, Mr. Zhang of Industrial and Commercial Bank of China said.

"I said Lao Zhang, what do you mean, grab business in front of me?"

Liu Yonghao glared at Mr. Zhang.

"What does it mean to grab business? Huanyu E-commerce's business cannot be taken over by Minsheng Bank, right?"

"No, Mr. Liu, you don't know, we all have a lot of opinions."

Mr. Li from the Bank of China next to him also said.

"No matter how you say it, you can also get some points for us."

Mr. Zheng from the Bank of Communications also said.

After saying that, everyone looked at Chen Yu: "Mr. Chen, what do you think?"

"Everyone, these are easy to say. If you have the opportunity, we can cooperate more."

Chen Yu did not refuse what they said.

In the future, after the payment service becomes larger, a Minsheng Bank will definitely not be able to handle it.

Huanyu Technology also needs to cooperate with a number of domestic banks.

In addition, Chen Yu had to start to make Payment connect with major banks at the beginning.

Otherwise, if Payment Pass fails to grow and grow and is strangled by their bank, Chen Yu will cry to death.

You should know that a business like Payment Pass seems to be a third-party payment tool.

But if he grows bigger, any bank can hang it up.

This is also why Teacher Ma was confident in his previous life that if the bank does not change, we will change the bank.

In fact, he did.

But even though it has been done, in the development of previous lives, banks have also regarded Payment Pass as their biggest competitor.

It has not yet developed so well at this time, so keeping a low profile.
To be continued...