v3 Chapter 1412： Global Payment System

"Then chairman, what is the name of this company?"

"Do you want to put it under Jiuding Financial Group?"

After understanding the positioning of this asset management company, Wang Qi's pressure was reduced by more than half, but there were still some things that were not clear, so he took the initiative to ask Xia Yu.

Xia Yu smiled and shook his head: "Don't put it under Jiuding Financial Group."

"The new company is called Kirin Capital."

"We are an asset management company that brings prosperity and wealth to investors."

Wang Qi applauded him and flattered his flattery: "This name has a good meaning, and people will be able to leave a deep impression when they hear it."

Xia Yu scolded with a smile: "Okay, don't come to these imaginary things."

"The asset management business of companies such as Jiuding Bank and Jiuding Securities Co., Ltd. will not be allocated to Kirin Capital, so after the establishment of the new company, you have to find ways to raise funds immediately."

"However, I give the right to transfer people. In the entire Jiuding Financial Group, you can find new companies, but the premise is not to have a big impact on the original company."

Wang Qi nodded hurriedly and said: "Chairman, rest assured, I will take care of this degree."

"Ok."

Xia Yu nodded slightly, and after a moment of indulgence, he reminded: “There is one more thing you have to remember. Kirin Capital needs to raise funds and it must be different from Jiuding Securities, so that investors should not misunderstand.”

"Otherwise, Kirin Capital's low management fee and low commission will easily make Jiuding Securities' investors feel unbalanced. There are advantages here, so you have to add conditions in other areas, such as the length of the closed management period."

"Investors of Jiuding Securities Co., Ltd. cannot be allowed to transfer funds to Kirin Capital. This will be boring."

"Kylin Capital Company wants to grab the cake from its peers outside."

Wang Qi solemnly nodded his head and promised: "Chairman, don't worry, I will fully control this degree."

"At the same time as the company is established, I will immediately formulate a company management plan, and I will ask you to check it at that time."

Xia Yu smiled and said, "Okay."

"Do you have any other questions?"

"temporarily unavailable."

"That's it, you can go ahead and do it first."

"Okay, Chairman, I'm leaving now."

After watching Wang Qi leave, Xia Yu got up and walked back and forth in the office, flexing his muscles and bones.

after ten minutes of relaxation.

Xia Yu entered the working state again.

I sorted out assets before, but found three types of problems.

, a Kirin Capital company was established, but it did not solve any of these problems.

just found a seemingly good solution for the second type of problem discovered.

The faster Kirin Capital develops and the more assets, the smaller such problems will be.

When will it be solved? Even Xia Yu can't estimate it.

After all, the future is full of infinite possibilities, he may always be short of money...

He did the raising money.

But spending money can’t be left behind.

Because there is a market, money is spent, and the future is infinitely bright.

That is the credit card market!

This is a market where total consumption exceeded the total global cash consumption before Xia Yu's rebirth, and it is destined to be the first to land in the digital currency era in the future.

Before Xia Yu was reborn, the scale of global credit card consumption exceeded US$26 trillion, and it was still expanding at an extremely high rate of growth every year.

The market value of Visa Card, a credit card giant of later generations, exceeds US$500 billion, and MasterCard is also worth nearly US$400 billion, and there are some giants behind.

Of course, a large market and high potential are one thing.

The most important reason for setting foot in this market and becoming bigger and stronger is that this is a general trend that no bank can resist.

Behind this is a global payment network system with infinite power hidden underneath!

Unless Xia Yu does not want to build stronger barriers for his financial empire, this must be done!

In later generations, there are six major credit card alliances in the world, occupying more than nine tiers of the global credit card market.

are the American Visa, American Mastercard, American Express, American Diners Club, Island Country Gisme Card, and China UnionPay!

The credit card alliance has many functions, and the most important one is to provide a payment card system for multi-currency clearing and settlement.

This function can speed up settlement between financial institutions and greatly improve transaction efficiency.

And Xia Yu's banking empire spreads all over the world, involving a large number of currencies, such as the British pound, the US dollar, the Japanese yen, the Canadian dollar, the Hong Kong dollar, and so on.

It can be said that, except for some small countries, most countries in the world now have its bank branches.

These bank branches belong to different banks, and the relationship has not been fully established.

Although it is said that the banks of Xia Yu’s Jiuding Consortium, Bright Consortium and Polaris Consortium have established cooperative relations, and the cooperation is particularly close.

But the resources of the banking empire are only part of it.

There is an urgent need for a transaction and payment network that can cover the world, link these banks, and realize the further exchange of funds and resources.

Without this network, let alone the future, even the current banking competition will suffer.

Of course, in fact, all major banks under Xia Yu have basically joined major credit card organizations.

For example, HSBC has joined the European International Payments Organization, and it issues Euroland cards.

Standard Chartered Bank, Wells Fargo Bank and Northern Trust Company are members of MasterCard International, and they issue MasterCard.

Westpac Bank of Australia joined the US Visa International Organization and issued Visa.

Chiba Bank, Shizuoka Bank and many other banks in the island country are affiliated to the island country’s Jisme Card International Organization and issue Jisme Cards.

Own banking resources are all contributing to these credit card organizations.

Because these credit cards are issued, they have to follow the standards and rules of these credit card organizations.

The most important thing is that these organizations can control the data of these credit card users.

And these organizations, although they are still alliances, are not for profit purposes.

However, Xia Yu, who is familiar with the future trend, is very clear that it is because it is still in the pioneering period. The major international credit card organizations are still competing for customers. Making money is not the goal. It is the most important thing to win the right to set standards and market leadership. .

Once the structure is stable, these credit card international organizations will be transformed into a profitable company.

At that time, the standard setters are in full control. Both banks and individual users can only abide by the later changed rules, such as card issuance fees, card replacement fees, handling fees, and so on.

This kind of routine is the old routine of capital, and one trick is rarely eaten all over the world. Unless you encounter a socialist iron fist, it can almost be said to be effective forever!

Fortunately, major international credit card organizations are still vying for the market. The later generations of Visa and MasterCard occupy 72% of the global credit card market. The pattern has not yet taken shape.

China UnionPay has not even appeared yet.

Morgan Stanley was dissatisfied that Diners Club International was controlled by Citibank, and started a new venture. Last year, it also established Discovery Card International, the sixth largest credit card company in the United States. It didn't take long for it to start at this time.

Vicasa International, the largest in the U.S. market, is backed by the Bank of America, a California consortium.

The second largest international MasterCard organization is backed by the joint support of established consortia such as the Mellon Consortium, Texas Consortium, and Boston Consortium.

Needless to say, the third-largest international organization of American Express cards, American Express, which is deeply influenced by the Rockefeller consortium, was launched, and Chase Manhattan Bank and other giants are fully supporting it.

...

In Xia Yu's long-term planning.

Southeast Asia is his basic market, and the mainland market is also his back.

Southeast Asia was basically eaten by Visa and Mastercard in the previous life.

Even if the mainland has established China UnionPay, more than 600 million credit cards have been issued, and more than 90% of them are Visa and Mastercard.

Although the accounts of these cards are managed by the issuing bank, the issuing rules, business specifications, technical standards, transactions, and clearing of the cards follow the unified regulations of Visa and MasterCard. The card data is centrally managed by them, and the main transactions and clearing are Completed through their network.

Under this structure, the issuing banks have become the brand distributors of Visa and MasterCard, and regional or domestic bank card networks and organizations mainly conduct transaction transfers for them. In fact, they have become part of the global network. component.

The essence of this pattern is that multinational companies such as Visa and MasterCard dominate the global personal payment system.

This kind of power, he also desires to have it!

Therefore, when Wang Qi tried his best to build Kylin Capital.

Xia Yu asked people to take out two floors in a building in Central, and registered and established a credit card international organization called "Global".

After 　　 was incorporated, Xia Yu did not immediately list.

is to mobilize the resources of the consortium, UU reading global hunting and hiring.

Moreover, Xia Yu also used money to bring in a credit card organization in the western United States and the United Kingdom.

has the experience of these two credit card organizations, coupled with the resource support of the consortium.

Global Credit Card International Organization takes shape at a rocket speed.

But the time has come to the end of March.

While the Global Credit Card International Organization was still being set up, Kirin Capital took the lead in making all preparations.

Xia Yu was named chairman of the board, and Wang Qi was appointed as the president of Kirin Capital. Various financial elites gathered under his command, and many funds were also ready.

Xia Yu gave an order.

The financial media took the lead, and Kirin Capital Corporation appeared in front of the world with a very high attitude.

When it was hotly discussed in Asia.

A copy of the exquisite brochures introducing Kylin Capital Company was sent out.

Those who are eligible to receive the brochure are high-quality customers with bank deposits of more than one million Hong Kong dollars.

Jiuding Bank, HSBC, Standard Chartered Bank and other banks have provided Kirin Capital with this customer information.

The boss with assets of more than 100 million Hong Kong dollars not only received the brochure, but also received an exquisite cocktail invitation!