[DGITS Biggie Show] Fanbing Kong – IT Director of 99Bill.com: Walk Out of Traditional Payment and Enter into Internet Finance
Source: Chnsourcing.com.cn View: 262 Date: 2015-03-18

With the continuous improvement of international status of RMB and the vigorous development of cross-border e-commerce, the market demand of online and offline cross-border RMB business is increasingly strong, the market scale of online cross-border RMB business reached 211.2 billion yuan in 2013, the market scale of offline cross-border RMB business reached nearly 400 billion yuan in 2013, and 60% of market scale comes from Hong Kong, Macao and Taiwan which accept RMB settlement.

The payment services such as domestic consumers shopping overseas, B2B goods, service import and export trades, foreign consumers shopping at home and the innovation services of financial products are the opportunities of cross-border RMB payment businesses in Fress Trade Zone in the future. Enterprises should rely on the Fress Trade Zone to positively expand e-commerce B2B and B2C and business scale of offline cross-border RMB payment, impel innovation of products, form integrated business benefits which combine RMB cash management, participate in international competition, further improve the internationalization of RMB.

Fanbing Kong – IT Director of 99Bill.com

Brief Introduction of Fanbing Kong:

He devotes to using information technology and subversive innovative thought, lowering threshold of financial service, improving efficiency of financial service, serving Internet financial industry from the aspects of third-party payment, financial management, financing, credit and marketing.

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