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Chapter 471 Attack on Microbank Payment

The third partner institution is Barclays Bank. As the largest financial institution in the UK, it has huge influence in the world, and its energy is beyond doubt.

This time, WeBank Payment and Barclays Bank cooperated to form a UK subsidiary of WeBank Payment to jointly develop the UK online payment market.

Weiyin Payment holds 60.00% of the shares30.00, and Barclays Bank holds [-]% of the shares[-].

The fourth cooperative institution is BNP Paribas. As a leading global bank and financial institution in Europe, BNP Paribas has great influence in France.

This time, we cooperated with WeBank Payment to jointly establish the French subsidiary of WeBank Payment.

Weiyin Payment holds 60.00% of the shares, and BNP Paribas holds 30.00% of the shares. They will jointly develop online payment services in France.

……

Lin Rui's trip to Europe is not yet over. Seeing that Weiyin Payment is blooming everywhere in Europe, several major financial giants in the United States can't sit still, and strongly invite Weiyin Payment to come to the United States to open up the market.

Therefore, Lin Rui had to interrupt his trip to Europe and rush to the United States again.

In the same way, WeBank Payment cooperates with American financial institutions to set up a US subsidiary of WeBank Payment, which operates independently and is responsible for the online payment business in the United States.

However, several major financial institutions in the United States who have seen the potential of online payment business all want to join in, and they are not satisfied with the 30.00% of Wu's shareholding.

After negotiation, WeBank Pay joined forces with Citibank, China Bank, and Goldman Sachs to establish a US subsidiary of WeBank Pay.

Weiyin Payment holds 50.00% of the shares, and the three financial institutions each hold 15.00% of the shares, so everyone is happy.

……

Then, it cooperated with Canada's largest financial institution "Royal Bank of Canada" to set up a subsidiary to jointly develop the Canadian online payment market.

Weiyin Payment holds 70.00% of the shares, and Royal Bank of Canada holds 30.00% of the shares.

……

Cooperate with Temasek to set up a subsidiary to jointly expand the online payment market in Singapore.

Weiyin Payment holds 60.00% of the shares, and Temasek holds 30.00% of the shares.

……

Cooperate with HDFC Bank, India's largest financial institution, and set up a subsidiary to jointly develop the online payment market in India.

Weiyin Payment holds 70.00% of the shares, and HDFC Bank holds 30.00% of the shares.

……

Cooperate with Russia's largest bank "Sberbank" to set up a subsidiary to jointly develop the Russian online payment market.

Weiyin Payment holds 60.00% of the shares 30.00, and the Russian Federation Bank holds [-]% of the shares [-].

……

Cooperate with SoftBank of Japan to set up a subsidiary to jointly develop the online payment market in Japan.

Weiyin Payment holds 60.00% of the shares, and Softbank holds 30.00% of the shares.

……

Cooperate with Korea's largest commercial bank "Kookmin Bank" to set up a subsidiary to jointly develop the Korean online payment market.

Weiyin Payment holds 70.00% of the shares, and Kookmin Bank of Korea holds 30.00% of the shares.

……

Cooperate with Australia's largest commercial bank "Westpac Bank" to set up a subsidiary to jointly develop the Australian online payment market.

Weiyin Payment holds 70.00% of the shares, and Westpac Bank holds 30.00% of the shares.

……

Cooperate with Bank of Malaysia to set up a subsidiary to jointly develop the online payment market in Malaysia.

WeBank Payment holds 70.00% of the shares, and Maybank holds 30.00% of the shares.

……

Cooperate with Standard Bank of South Africa to set up a subsidiary to jointly develop the online payment market in South Africa.

Weiyin Payment holds 70.00% of the shares, and Standard Bank of South Africa holds 30.00% of the shares.

……

As more and more banks and countries needed to cooperate, Lin Rui didn't bother to run away, and handed everything over to his senior executives.

He only set one standard. Countries with a population of more than 800 million or a GDP of more than US$300 billion are the targets of Weibank Payment, and they must cooperate with the largest local financial institutions to jointly develop the online payment market.

As for small countries that have not met either of these two standards, they can only be released first, and then they will take their time when they have spare capacity in the future.

……

Here, Weiyin Payment cooperates with financial institutions in various countries to set up subsidiaries around the world to explore the online payment market.

Domestically, as the parent company, Weiyin Payment also ushered in changes.

At present, Xingkong Technology Group holds 70.00% of the shares of Weiyin Payment, and Weiyang Technology holds 20.00% of the shares of Weiyin Payment.

It was nothing before, but with the expansion of Weiyin Payment in the world, the scale is getting bigger and bigger, and the current shareholding ratio is a bit unreasonable.

The global promotion of Weiyin Payment mainly relies on WeChat's more than 20 billion users around the world, and is heavily dependent on Weiyang Technology, with only 20.00% of Wu's shareholding, which is a bit small.

Weiyang Technology has other shareholders, which are not Lin Rui's personal company. WeChat needs a reasonable return for the resources and channels spent on WeChat Pay's global promotion.

This point is not only for the institutional shareholders of Weiyang Technology, but also for him.

After a professional evaluation, Lin Rui decided to issue an additional 20.00% equity in Weiyin Payment and grant it to Weiyang Technology in return for using WeChat channels and resources.

Moreover, the rights, responsibilities, and obligations of both parties will be clearly divided in the form of a contract.

Weiyang Technology, which enjoys 20.00% equity for free, will be obliged to promote Weiyin payment globally through its own channels and resources in the future.

The cooperation between the two parties will be permanent.

With the finalization of the agreement, after the issuance of 20.00% equity, Xingkong Technology Group's shareholding in Weiyin Payment has 70.00% five, which has been reduced to 60.00%.

The original shareholding of Weiyang Technology dropped from 20.00% to 20.00%.

In addition to the 20.00% granted by the additional issuance, Weiyang Technology will hold a 40.00% stake in Weiyin Payment.

In this way, the division of interests is clear and there is no dispute.

WeBank Payment can also reasonably and legitimately use the promotion channel of Wechat.

……

With the finalization of the new equity structure, in order to support the global expansion of Weiyin Payment, a new round of capital injection has been launched.

According to the shareholding amount, Xingkong Technology Group injected USD 60 billion into Weiyin Payment, and Weiyang Technology injected USD 40 billion into Weiyin Payment.

After the capital injection was completed, with tens of billions of dollars of microbank payment in hand, it immediately became a favorite in the global capital market.

In the world, no financial institution has so many users and such a broad market.

In the eyes of many people and institutions, the rising Weiyin Payment will be the second largest technology and financial unicorn in the world under Weiyang Technology.

Even if it develops into a global financial giant in the future, it is not uncommon.

As Weiyin Payment finalized a bank and opened up the online payment market in each country, WeChat has also risen.

Through microbank payment and official account, firmly rooted down, occupying and controlling the mobile social network of each country.

Moreover, with the largest financial institutions in various countries as partners, the policy risks encountered by Weibank payment in the financial field and WeChat in the social field will be minimized in each country.

The future is brighter.

(End of this chapter)