Emphasizing the importance of confidentiality, Zhou Shi ended the meeting, but left behind the time Liu Chuanzhi and Lu Qi.

"There is still a lot of content in digital India, and time can do a lot. When I met Modi and I emphasized the cashless society, I felt that I had a lot of hope!" Zhou Shi

"It's too difficult for India to implement a cashless society. They still have three-story residents who don't have bank accounts." Liu Chuanzhi

"India's digital ID card system is mature, and I guess they will have many measures to promote residents to establish bank accounts. Regardless of whether India will destroy money, we must increase the investment in digital payment there..." Zhou Shi, even if he invests in Niha Dalvi, he will have to have one. No matter, it is not difficult for him to enter the Indian financial payment market anyway.

"Mr. Zhou, time has developed to this point, and we don't need to bet now!" Liu Chuanzhi

"I'm not betting. If the Indian government does not change, then I will change India. Similarly, why do we launch a change treasure? This is because domestic banks do not change. They can make money by lying in bed and gathering, and their contribution to society is very small. There is no way, we have to change the bank. I hope that time will always be a leader rather than a follower. If the capital conditions allow, we need to make various attempts. Time brings together the best talents in China and even the world, which is to do what leads the times." Zhou Shi

"Mr. Zhou's idea is fine. I have discussed with many Indian elites in Silicon Valley. Many of them are very concerned about the development of India, but the education situation there is very different, and there are too many illiterate people. At this time, India is the same as before China. No matter how powerful people are, it is difficult to have a place to use it. The strategy of digital India is very correct, and their banking system is lagging behind China, Europe and the United States. From an economic perspective, it is the advantage of late-developed countries. As long as a nationwide identity authentication system is established, the difficulties faced by mobile payment can be solved. There are many difficulties in entering the Indian market now, but it is precisely because of these difficulties that the best time for us to enter the Indian market, because there are not so many competitors." Lu Qi

"That's right! What kind of development strategy a company chooses can largely show what kind of enterprise it is. The development direction of time has been basically determined. Even if we do nothing, it is still a very excellent enterprise, but from excellence to greatness should be our pursuit. The development of financial technology will surely profoundly change our world, and mobile payment is an invention that can change the world..." Zhou Shi

"Then should our WeBank improve its status?" Liu Chuanzhi

Due to the changes in national policies, the State Administration of China issued guiding opinions, which pointed out that private capital was trying to initiate the establishment of private banks, financial leasing companies and consumer finance companies and other financial institutions that bear their own risks. Therefore, in March this year, the China Banking Regulatory Commission determined that five private banks including WeBank and Ant-Commerce Bank entered the first batch of pilot projects. Time, friends, Lenovo and others jointly established WeBank with Yanjing as the foundation; Alibaba Revival and others established Internet banks initiated by Baidu Penguin and other companies will not be discussed again. After Penguin acquired Shanda Games, it has made considerable progress, but its major shareholder in South Africa has already started cashing out.

"WeBank has a great social significance, but it is enough to apply to Time Finance." Zhou Shi

Time Finance includes Financial Management (Changqianbao), WeChat Pay (partial equity), Square Payment (US, holding shares) and WeBank (partial), and some shares of Dianping.

The main source of profit for WeBank and even Ant Merchant Bank in the future is usury. Well, it seems that it is hard to say that. Although their annual interest rate is about 18%, their existence itself has hit usury with interest of more than 36% in those years, and has a great promoting effect on small and micro enterprises.

Under Liu Chuanzhi's deliberateness, Zhou Shi did not talk about India's affairs. After all, it was unimaginable that India's abolished money had never happened before. No matter how good the cashless society was, no matter how strong the Chinese government had in control over society, it did not rashly promote the cashless society. The risk that Modi took in doing this was unimaginable. If he was not for the future of India, as an excellent politician, he would have no need to do this. If the digital India plan could be successful, Modi's future historical status in India would probably not be lower than the historical status of the chief designer in China.

After digitalization of India, it is not impossible for them to catch up with China in the future. Although first-mover advantage dominates most of the time, late-mover advantage will not be useless. Of course, no matter what advantages are, it is relative. Just like China Infrastructure is now the world's number one, but when we adjust our economic direction and enter a society dominated by the service industry, Europe and the United States begin to carry out large-scale intelligent transformation of their infrastructure, our current advantages will become disadvantages.

If one day new energy unmanned cars dominate the world, commercial maglev cars appear, drones are used on a large scale, smart transportation takes over the command of urban traffic, and various smart homes and environmentally friendly buildings will be fully popularized in the next 20 or 30 years, our government's investment in infrastructure will be reduced in a comprehensive manner. At that time, we will only envy others.

When Liu Chuanzhi left, Lu Qi stayed.

"Simon, was Bitcoin launched by our company?" Luqi

"No, I suspect it has something to do with the CIA." Zhou Shi

"That blockchain?" Lu Qi did not doubt Zhou Shi's words. Even Spacex was related to the CIA, and it was not uncommon for them to throw out Bitcoin. This year's Bitcoin price has fallen from its peak, leaving behind a mess, but it has attracted the attention of the technology community. Lu Qi returned to time and found that there was a blockchain research project and had a considerable result. Of course, he was very curious.

"After I learned about Bitcoin's design ideas a few years ago, I started research on this aspect. This should be of great help to the future progress of financial technology. You can find a way to use it yourself." Zhou Shi
Chapter completed!