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VisaWalking into Wyeth is not only measuring the value of China's 300,000 SMEs, but also extending the financial and banking tentacles behind it directly into the heart of China's SMEs, including product standards, production capacity, supply chain and all other aspects.
Based on the value model of "market in product and product in market" constructed by Wyzont's core technology and services, the core value of SMEs is directly transmitted to the market, and the market and demand are intervened in all aspects of production and supply, which is exactly what Visa values, and Wyzont will also be in this cooperation through its advocacy of global innovation. Wyztron will work with Visa in this partnership through its advocacy of global innovation. E-commerce integrity ecosystem enhances sustainable profitability.
Visa is not only attracted by the tremendous potential value involved, but also the chance to expand its influence to all core nodes from production line to the market. This is in tune with Opener's company vision, which aims at building up a participatory oriented eco system and enhancing This is in tune with Opener's company vision, which aims at building up a participatory oriented eco system and enhancing business integrity.
Visacome out of retirement
As the world's most famous credit card payment organization, Visa controls the settlement and payment operations of consumers, businesses, governments, and 15,700 financial institutions in more than 200 countries and regions around the world, and is the world's largest retail electronic payment network operator. As of 2010, it had issued 1.8 billion cards globally, with total annual transactions amounting to US$5 trillion. According to industry estimates, Visa's international market share exceeds 50%, and it possesses absolute power in the international financial market.
Throughout its 30-year history, Visa has continually emphasized its superior security strategies and customer resources that are unmatched by any credit card organization in the world today.
Safety and security strategy
Visa provides transaction processing services to financial institutions and merchant customers through VisaNet, a secure, global, centralized processing platform. To ensure trust in every Visa payment, Visa has implemented multi-layered security measures covering the payment environment, fraud detection, and loss control. More importantly, Visa has put in place a system of credit recovery, credit protection and funds monitoring to protect and control every aspect of the payment system and to work closely with other parties.
client resource
VisaVisa officially entered the Chinese market in 1993 and 1995 with the establishment of representative offices in Beijing and Shanghai respectively. After more than 10 years of development, Visa has developed 18 Chinese financial institutions and 5 foreign banks in China, including the four major state-owned merchant banks, HSBC, Citibank, Standard Chartered and Societe Generale, among others.
Visa's core competencies of a sound financial security strategy and rich customer resources have established its authority in the international payments arena, driving Visa to become a symbol of safety and security in the minds of consumers.
It is reported thatVisa will work withWhy did Visa come to Wyzong to exchange and cooperate on the innovation of SMEs' international trade payment system and financial system? I interviewed the founder of Wyzong, Mr. Jing Xu, President of Wyzong.
Wyatt-Wyatt strategy
Creating an honest e-commerce ecosystem is the strategic goal of Wyzdom's claim, and under this claim to build aThe value model of "market in the factory and factory in the market". This model has helped Wyzant to successfully attract more than 100,000 customers in just a few months.30million SME users and gained200A resource for 10,000 international buyers.VisaIn the credit card international payment field has been in a monopoly position, only to seize the future growth point to maintain competitive advantage, Wyzong's rapid development naturally attracted the attention of Visa.
3010,000 SME customer resources
Wistron's 300,000 SME customers are located in the Pan-Yangtze River Delta, Pearl River Delta, and Bohai Bay regions, and are involved in industries such as apparel, household appliances, machinery, equipment, electronics and telecommunications, and energy. The broad industry and geographic distribution, coupled with the rich customer resources, expands the leverage and conduction of Wistron's business model in different places and industries, and provides a rare opportunity for other participants, such as Visa, to develop the SME market.VisaWyeth is not only interested in Wyeth's rich SME customer resources, but also in the company'sThe conduction and interaction mechanism between the market and the enterprise constructed by the platform is unheard of in the B2B business model.
Markets in factories, factories in markets
The lure of the platform With ten years of experience in foreign trade, Wyzdom's team found that the traditional B2B mode of trade information dissemination and enterprise production as an isolated static two things, under this concept, e-commerce to the "pan-platform" misunderstanding, that is, detached from the design of the product, the production chain of the situation of one-sidedly emphasize the integration of the trade process. solution. In fact, the exchange of information between buyers and sellers is a dynamic process of repeated games, only when the buyer's demand can quickly affect the various production processes of the enterprise, while the enterprise's production capacity information can be fed back to the buyer in a timely manner, the two sides can really make decisions based on this information to achieve the effective allocation of resources. If the integration of supply and demand information and product flow permeates all aspects of product design, adjustment, production and payment, the value generated is far beyond the traditional B2B model.The platform is the product of the penetration of the Internet into all key aspects of product design and production. The platform is based on cloud computing architecture, the core of the platform can be cross-platform information interaction and transaction services, extremely convenient personalized system settings, custom order processing procedures and product standard information, not only to achieve the transparent transmission of production and trade information, but also for the subsequent procurement and marketing to provide a reference to the product standards, the industry's production capacity plans and upgrading has a positive role in promoting.
conductivity effect The application of the platform extends the reach of the market and enterprises, increases their ability to regulate each other's key links, and expands the role of the Internet from simply reducing information asymmetry to establishing a leverage and transmission mechanism for micro-information of the market and enterprises, thus creating an opportunity to fundamentally reform the existing form of industrial organization. Technological progress has driven the change of industrial organization, the first technological revolution allowed factories to replace handmade workshops, followed by the progress of electricity and communication technology to promote the process of socialized mass production, and the rise of the Internet after the third technological revolution, which made the production process become internationalized. With the new Internet technology support, product customization and process monitoring do not only belong to a few large multinational enterprises, but also small and medium-sized enterprises (SMEs) can win a wider international market by directly interacting with the market.
For Visa, the attraction of 300,000 SME customer resources is undoubtedly huge, and more importantlyCharacteristics of the platformThe opportunity for Visa to get into the heart of SMEs' foreign trade isA rare opportunity to enter the B2B e-commerce payment field. The cooperation with Visa not only meets the needs of SMEs for financial innovation, but also enhances the influence of the Wyztronic platform.
Visafinancial innovation
VisaCooperating with Wyztron, we have jointly opened up the B2B online large-value payment that the market has been expecting, which is bound to change all the capital risks, transaction security, and credit system, and bring about the reconfiguration of the whole market resources marked by honesty and security.