The Millennium Semiconductor Survival Guide.

Chapter 64 Advantages of NewPay

Bill Gates or the Microsoft behind him can help the electronic payment field very little.

If NewPay wants to accept investment, it will not choose Microsoft.

An excellent company never lacks investors. At this stage, it is always the project that chooses the investor, rather than the investor choosing the project.

Zhou Xin's investors in NewPay have always had clear goals, either banks or e-commerce platforms such as Amazon and Ebay.

"I am willing to give a valuation of [-] million U.S. dollars." Bill Gates refused to give up.

"The price is too low. It is this price now, but it will not be this price a week later." Zhou Xin said.

Bill Gates asked rhetorically: "There are many electronic payment companies on the market, if I want to participate in this industry, NewPay is not the only choice.

Other electronic payment companies are valued at only a few million dollars. "

Zhou Xin smiled, "Bill, so you will not invest in those companies, you will only trust me.

You try the products of other electronic payment companies, and then try NewPay, only the comparison will hurt.

The customers cultivated by those electronic payment companies are completely cultivating for us.

They will gradually convert into NewPay users. "

Zhou Xin is extremely confident, he does have this confidence.

Compared with the electronic payment products of this era, NewPay is much better.

"For our promotional incentive plan, we support both mobile phone number registration and email registration.

And users who register by email can only get a user incentive of $1, but users who register with a mobile phone number can get a user incentive of $10.

Why?Because users can register unlimited mailboxes, and the registration of mobile phone numbers is costly.

And users are much more likely to change their mailboxes than to change their mobile phone numbers. Yahoo’s mailbox is easy to use, so I use Yahoo’s mailbox, and Microsoft’s MSN mailbox is easy to use, so I switch to Microsoft’s mailbox.

Users are always chasing excellent products.

But the mobile phone number is a very mature model. Users will not say that I use this mobile phone number today and another one tomorrow.

Electronic payment also hopes that users will be stable.

What's more important is marketing. After users register with their mobile phone numbers, we can notify them of NewPay's activities by sending text messages.

The e-mail box is full of spam, and without special reminders, it is difficult for users to pay attention to the marketing emails sent by an electronic payment company.

Compared with other electronic payment companies, NewPay has advantages in countless details.

This is only from the level of product logic design, and the excellence of NewPay is reflected in the level of use.

We only need an extremely simple way to complete an electronic payment.

Enter the mobile phone number or mailbox number and the transfer amount, and then enter the verification code received by the mobile phone or mailbox, combined with the payment password you set, and the payment is completed after double confirmation. "

Zhou Xin only said a part, the more important reason is that mobile phones are the future trend.

未来很长一段时间移动电话都会是一个高速增长的态势，和1998年相比，1999年全年手机销量增长了65%以上，2000年比1999年又增长了40%以上。

At the same time, it is also preparing for the migration of the mobile Internet era.

NewPay is convenient enough at the moment. It does not need to go to the bank to operate, and the entire process can be completed on the webpage.

Now other electronic payment software still needs to go to the bank's online banking for a confirmation operation.

As for why you can't take the next generation, you only need to enter the six-digit payment password to complete the transfer.

This still takes into account the user's acceptance, the span is too large, and users will have doubts about payment security.

People are like this, the more they can't get, the more they want it.

The more Zhou Xin showed the advantages of NewPay, the more Bill Gates wanted to invest.

"8 million US dollars, my valuation will increase by 60.00%!" Bill Gates said seriously.

Zhou Xin thought for a while: "I will accept your investment, but not yet.

For NewPay, money is not the most important thing, what the investor can provide is the most important.

If Microsoft's Windows system adopts the electronic payment method of purchase, and then the payment channel is completely dominated by NewPay, and the subsequent Xbox is also completely dominated by NewPay, then I am willing to accept your investment. "

Bill Gates asked: "With the strength of Microsoft, it is completely possible to cultivate an electronic payment company by itself."

Zhou Xin grinned and said, "Bill, not all companies can succeed in other fields.

Microsoft's strength lies in the operating system. You have also entered the fields of portal websites, e-mail, browsers, etc. Have you achieved obvious success?
Have you taken advantage of Microsoft to occupy the entire market?Not even dominance can be achieved.

Microsoft is both an advantage and a disadvantage.

NewPay can become Amazon's payment channel, it can become ebay's payment channel, and even Yahoo will let NewPay become their payment channel as long as I am willing to accept Jerry's investment.

But Microsoft's own electronic payment software is not good.

These companies will naturally be wary of Microsoft's electronic payment, and Microsoft's electronic payment can only be limited to its own internal scope. "

Bill Gates instantly understood the meaning of the other party. Internet companies will be wary of Microsoft because Microsoft is too big.

The demand for payment exists widely in every corner of the Internet. The bank transfer and verification code download methods of Riot Games have brought users a fresh electronic payment experience.

But this is not enough.

Previously, the market did not provide corresponding technology to solve various forms of payment needs.

Over the past few decades, credit cards and ATM networks have greatly expanded the options for consumers to pay, but these infrastructure-heavy systems also have significant drawbacks.

Only merchants are licensed to accept credit cards with the necessary equipment, and ATMs are unlikely to be available everywhere.

With so many limitations, neither credit cards nor ATMs can accommodate the needs of a single consumer to pay another person.

If a consumer doesn't have enough cash on hand, his only option is to write a check, a cumbersome form of payment that requires the recipient to go to the bank in person.As for the check clearing, although the recipient will be able to use the money, it will still have to wait a few days.

Now NewPay gives users a new choice.

After the official release of "Plants vs. Zombies", it quickly aroused heated discussions among the player community. This is a more mature product.

Users who have cleared the level quickly have experienced the fun brought by different scenes such as day mode, night mode, rooftop mode, swimming pool mode, etc.

The combination of Zen Garden and customs clearance makes farming more fun.

The "Plants vs. Zombies" section of the Riot Electronics community quickly became the most popular section in the entire electronics community.

But in Silicon Valley, it's NewPay that's getting more attention.

(End of this chapter)