Chapter 1407: A small goal of 10 million sheets

While Wang Qi was fully devoted to his investment,

Xia Yu arrived at the Global Credit Card International Organization's headquarters in a low-key manner.

This non-profit organization finally completed all its work on April 19th.

'Hello, Chairman!'

'Well, let's go, show me the results.'

Upon arrival, Xu Chongguang, who had been appointed president of Global Credit Card International by Xia Yu, personally came out to greet him.

He was originally the vice president of Jiuding Bank, and after Liu Tianci's recommendation and Xia Yu's personnel inspection, he was transferred here to take on this important task.

'Yes, Chairman, please follow me!'

Xu Chongguang respectfully replied, and then led Xia Yu and the others in one direction.

Soon, the group arrived at a large studio, where many employees were busy working.

'Chairman, please take a look. These are the credit card templates we provide to various banks. There are three types in total, and each organisation can choose whichever one they like.'

'On each credit card, our Global Credit Card International Organisation logo only occupies half of the space.'

'According to our research, currently, worldwide, each credit card international organisation occupies at least 80% of the credit card space, leaving very little space for the bank.'

'We have directly reduced it to 50%, which is more friendly to banks and will not only promote our organisation.'

Xu Chongguang handed Xia Yu three beautifully crafted cards and introduced them.

Xia Yu listened to the report while observing the three cards in his hands.

In terms of workmanship and material, there was no doubt about it and it was obvious at a glance.

As for the design, it was indeed very beautiful and more friendly to banks, which would be conducive to promotion after benchmarking with other credit card international organisations.

In terms of business, MasterCard is different from American Express, and is more like Visa and Mastercard in terms of its business model.

MasterCard itself does not issue credit cards, but only cooperates with banks.

Therefore, the main body that issues credit cards is each bank.

However, each member bank of the organisation uses MasterCard's credit card standards and the transaction and clearing system – MasterCard Worldwide Network.

One advantage of using this system is that any bank can avoid launching its own POS machine and doing merchant groundwork.

All of this is done by Global Credit Card International.

For this reason, POS machines that support the global clearing system have been created, and any bank's global credit card can be used directly.

As for the more complicated tasks that follow, such as transaction settlement between banks and capital settlement between banks and merchants, they will all be completed by the Global Credit Card International Organisation.

In this way, merchants do not need to place several or even dozens of POS machines from various banks in their stores, and small banks will not be restricted from developing their credit card business due to POS machines.

'If there is no problem with the card, then just follow this format.'

'The key is the global clearing system, can you guarantee that there will be no errors?'

Xia Yu looked at Xu Chongguang and asked cautiously.

Xu Chongguang solemnly assured him, 'Chairman, please rest assured. The reason we have only just finished preparing is because we have put the most effort into the global clearing system.'

'In terms of electronic technology, we are not bad. We have already passed peak tests, international bank interbank transaction tests... We will not lose to Visa and MasterCard clearing systems, and this has been recognised by various banks.'

'As for multi-currency clearing, this requires human intervention because it involves the exchange rates of various currencies, which change in real time. The system is currently unable to monitor the exchange rates of various countries simultaneously.'

'Regarding this issue, no country in the world can solve it electronically at present, and manual assistance is required.'

As Xu Chongguang continued to talk, Xia Yu gradually gained a good understanding of the situation of the Global Credit Card Association.

'As long as there are no problems with the technology, that's fine.'

'Have you made any development plans?'

Xia Yu changed the focus of his attention again.

'Yes, Chairman, would you like to go to my office for tea first, I've found the development plan for you, it's quite long,'

Xu Chongguang suggested tentatively.

Xia Yu looked at him and smiled, nodding: 'Okay, let's go.'

After the group arrived at Xu Chongguang's office, while the staff were making tea, Xu Chongguang brought the development plan over, and Xia Yu read it without saying a word.

According to the development plan formulated by Xu Chongguang,

Global Credit Card International is preparing for two simultaneous promotional campaigns.

The first line is to fully promote the Global POS machine, starting with the stores of various companies within the group, to achieve widespread popularity and establish a firm foothold in one go, and then attract other merchants to join by taking advantage of the general trend.

The second line is to cooperate with the banks within the organisation to launch a free card replacement service. Any Visa, MasterCard or JCB credit card issued by a bank can be replaced with a universal card free of charge.

The two lines will go together to form a virtuous cycle.

And this is only the development plan in the general direction.

There are detailed plans for merchant promotions and bank membership promotions.

For example, in terms of bank membership promotion, the first batch will undoubtedly include all banks under Xia Yu, and then the banks of allies will also join.

In this, banks in the UK, the United States, Canada and other countries are actually involved.

However, the majority of members are actually banks in Hong Kong, Macau and Southeast Asia.

Asia is actually where international credit card organisations such as Visa and MasterCard are weak.

Therefore, the first development priority of the Global Card is to fully capture the Hong Kong, Macau and Southeast Asian markets, so as to gain a foothold and serve as a training exercise.

At the same time, it will leverage its special relationship with the mainland to make the Global Card an officially supported credit card on the mainland.

There is also international interbank clearing business, although it is not being heavily promoted, its influence will continue to spread. After the first step of strategic development is complete, the global expansion strategy will begin.

...

In short, this development plan is very detailed, and Xu Chongguang has not let him down.

Of course, there are still many deficiencies, mainly because Xu Chongguang is not at a high enough level and does not know almost all of Xia Yu's strengths, unlike Fok Kin-ning.

Without a good grasp of the resources of the consortium, there is naturally no way to maximise their use.

However, Xia Yu was not going to tell Xu Chongguang about this. He already had a clear plan. After returning home, he would simply tell each company to take the initiative to approach the Global Credit Card International Organisation.

Of course, Xia Yu also knew that the ultimate goal of the Global Credit Card was to become completely integrated into the lives of users, so that they would become loyal customers.

The best way to achieve this was to completely tie the Global Credit Card to the user's 'clothing, food, housing, transportation, and entertainment' needs.

There could be a Universal POS machine in any consumption scenario, such as shopping malls, restaurants, buses, subways, taxis, hotels, cinemas, etc.

If done well, even if it is not the era of mobile Internet, Universal Card users can also enjoy a cashless life decades in advance.

'Chongguang, your development plan is fine, just follow it.'

'Let me set a goal for you first.'

'It's already late April.'

'By the end of December this year, strive to issue 10 million Global Cards!'

Xia Yu put down the development plan and smiled as he set Xu Chongguang this huge goal.

The goal of 10 million cards was like a mountain that had appeared out of nowhere, weighing him down and making him gasp for breath.

But with Xia Yu's slightly expectant gaze, Xu Chongguang gritted his teeth, said to himself that he would give it his best shot, nodded emphatically, and replied loudly, 'Chairman, I will definitely do my best to complete the task!'

'Hm!'

'Go for it!'

'I'll be waiting for your good news!'

'I have some things to do, so I'll be going now.'

Xia Yu gave a satisfied smile, got up, patted him on the shoulder, and then walked out.

'Chairman, let me see you off!'

Xu Chongguang hurriedly followed Xia Yu out, seeing him off downstairs, and only then did he turn back with a heavy face.

Soon, the entire Universal Credit Card International Organisation was in high gear.

The POS machine production line, which had been commissioned to be manufactured by the Jiuding Electrical Appliances Manufacturing Group, produced POS machines at full capacity, and the various banks also received meeting invitations one after another.

The Universal Credit Card International Organisation began to develop by leaps and bounds.