I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"Uncle Ren, this is really not the case."

Jiang Hao spoke again to dispel Uncle Ren's doubts.

"I have been in charge of Jiangnan Express Payment for the past few years and have no energy to do other expansion activities."

"We have always focused on maintaining our existing business. We have never cooperated with these P2P companies."

He is watching over it personally, and there is also a conservative and steady CEO like Lao Song.

Many things are avoided if possible, and some red lines are not even touched. Of course, this is one of the reasons why Jiangnan Fast Payment's online development has been lukewarm.

"That's good."

"I have asked all the third-party payment companies in our province and found that we have cooperated with nine of them."

"And one of the companies has completely crossed the line in cooperation, which is why the special task force from above came down."

No wonder!

Jiang Hao remembers that there are currently 270 payment licenses in the country.

Among them, there are currently 16 companies with payment licenses in their province since Jiangnan Fast Payment took the lead.

This means that more than half of them have cooperated with P2P. It is no wonder that they have sent a special team to conduct strict investigation and punishment this time.

Jiangnan Quick Payment was unlucky and got implicated.

As the company currently number one in offline credit card business in the province, provincial leaders naturally have a biased attitude.

That's why Uncle Ren came here to check for hidden dangers in advance.

If there really is a problem, the province will first arrange for penalties such as suspension of business and rectification.

At least the leading companies don’t want to be punished and embarrassed by the working group above.

"I remember that you guys at Haijing Payment do personal credit rating, right?"

"There is no lending business in this area, right?"

...

"Uncle Ren, there is none for now, but are we going to check this as well?"

"If you want to check this, shouldn't you check Alipay first?"

Jiangnan Quick Payment or the current Haijing Payment is considering doing some lending business.

Of course, the amount will not be large. Depending on the credit rating, each person will at most receive less than 10,000 yuan, and most people start from 2,000 yuan.

In fact, it is similar to Huabei. It is mainly used to supplement Haijing Technology’s group buying business, including live streaming sales business, to further stimulate consumption.

Logically speaking, the two giants in the market, Alipay and WeChat, have opened this business.

Especially for Alipay, the credit limits of Huabei and Jiebei are extremely exaggerated.

Jiang Hao knew his limits. Anyway, the amount to be opened was very small, and it was mainly for the further adaptation and binding of Haijing Payment and Haijing Platform. Logically, there should be no problem with this matter at present.

"This working group will not investigate this area."

"But I attended a meeting in the capital last month, and it seemed like there was some preparation for regulation in this area."

"If you are going to do it, according to the instructions of the higher-ups, you still have to work with the bank and open it under the name of the bank."

Uncle Ren didn't completely cut off Jiang Hao's idea, but gave some advice.

"According to your credit card business, cooperate with Songjiang Bank."

"Individual lending business was carried out under their names."

...

"Okay! Uncle Ren, I'll contact you then and see if we can come to an agreement."

After thinking about it, Jiang Hao decided to accept this suggestion.

He remembered that in his previous life, Alipay was later subject to stricter supervision, but he himself was not sure what the final outcome was.

Now that Uncle Ren has given a new plan, he himself does not expect to make money from the lending business, but is more committed to promoting the live streaming and selling business on the Haijing platform.

In that case, it would be fine to cooperate with Songjiang Bank.

Anyway, the two companies have a pleasant cooperation in offline credit card business, and a large part of Songjiang Bank's business in recent years has also relied on Jiangnan Quick Payment.

It should be easy to talk about this new business.

After more than an hour, Uncle Ren had asked about all the places where he thought there were potential risks.

However, Jiangnan Quick Payment did not step into these minefields, which made Uncle Ren feel relieved.

Jiangnan Quick Payment itself has not developed very fast, especially its online business, which was purely left to its own devices before.

It was only after Aomori Cycling that it gradually began to be promoted, including the free ordering process for catering businesses.

If we really choose to cross some lines, the development would not be what it is now.

...

A week after Uncle Ren’s visit, the special working group entered Songjiang City as scheduled.

A comprehensive audit was conducted on banks, financial companies, third-party payment companies, etc. across the province.

Jiangnan Quick Payment is naturally not immune from being audited, and is even a key target of scrutiny.

The most exaggerated day was when several members of the working group came three times in one day to ask for information.

Jiang Hao originally thought that he could relax for some time, but in the end he became busy again because of the matters of Jiangnan Quick Payment Company.

The other party's special team also came to Haijing Technology specifically and took the initiative to talk with him to understand the core of the quick payment business.

Fortunately, the staff of the special team were quite polite to him and knew his potential in business.

At least his attitude was very humble during the chat and he wasn't aggressive at all.

It was not until two weeks later, after the working group finished its work and returned, that the penalties imposed on the provincial enterprises were truly announced.

The first to be hit were two payment companies. Their payment licenses were uniformly revoked and they were issued huge fines.

The remaining seven companies related to P7P business also received criticism and large fines, including deduction of deposits.

The severity of the punishment was unprecedented, as if the attack was aimed at the financial and third-party payment businesses in Jiangnan Province.

Jiang Hao was also speechless as he looked at the punishment handed to him in the office.

That’s right, even though I had a good chat with the working group members at the time, I still got a fine.

"Songjiang Bank and Jiangnan Express Payment Company were involved in false advertising in their credit card business, inadequate management of outsourced partner institutions, inadequate control over the use of credit card funds, etc., and were fined."

In fact, they are just grassroots credit card employees of the agent, whose wording and behavior in the promotion were inappropriate.

As for supervision, the use of credit card funds does not match the application and so on.

There is really no way to deal with this situation. After all, even Songjiang Bank itself cannot control it, and their quick payment company as a service provider is even more difficult to supervise.

I had no choice but to accept the punishment. Fortunately, this was a minor issue and they were only criticized for being embarrassed, rather than fined which was high.

Songjiang Bank was fined 90 yuan, while Jiangnan Quick Payment was fined 60 yuan.

Logically speaking, this should be a shameful thing, but compared with other banks, Jiang Hao felt that this punishment was actually a compliment.

Five banks including China Merchants Bank and China Construction Bank as well as several large financial companies in Jiangnan Province were all punished.

In comparison, Jiangnan Quick Payment was the one that received the least fines.

He always felt that this matter was directed at their province.

It was not until a week later that he received news that Alipay had also been punished.

Moreover, the intensity of this measure is much greater than that of Jiangnan Quick Payment. Even the lending business is really regulated, and a new working group has been sent in to conduct another review.

This made Jiang Hao feel that the development opportunity of Jiangnan Quick Payment had arrived!