Life at The Top novel Chapter 1165

Both Hudson’s and Wayne’s expressions changed slightly upon hearing this.

Both of them knew that, considering his character, Jasper would not make a joke about something like this. Not to mention that he had flown both of them over from different cities with his private plane. It would be ridiculous for him to go so far just to make a joke.

Hence, Jasper’s words had to hold significant meaning. Jasper exhaled softly and continued, “It’s to do with payment.”

Payment!

Wayne and Hudson frowned at the mention of this.

Payment methods were the most important aspect of online shopping platforms, so Wayne was no stranger to online payments. He also knew that he could not make his platform into something big no matter how good it was if they did not find a good solution for this problem.

“As things stand, the government has plans to standardize online payment; it will be implemented through policies soon. They’ll most likely try to increase accessibility and standardize market behavior.”

“This implies that the government is aware of the huge effect that online payment may bring, which is why they’re setting a standard in advance.”

“This involves many parties, and we’ve already got competition. If we’re not careful, our opponent will completely seize control of the online payment market. We’ll be in trouble if that happens.”

Hudson seemed fine when he heard Jasper explain this, but Wayne’s expression changed completely.

The main point of an online shopping platform was to have a huge number of products and a quick and convenient shopping method. From signing up on the website to choosing goods to communicating with suppliers, everything came down to paying for the goods.

If someone else were to dominate online payment, then he might as well close his online shopping platform.

“Don’t worry. Since we have the first-mover advantage, it won’t be that easy for competition to get rid of us,” Jasper consoled Wayne.

“But we don’t have much time now, so we have to take control of the online payment industry before the direction of the future has been decided.”

“I’ve thought about this before. We’ll take the online payment technology platform that Terizone Inc and Sena partnered to create, then integrate it with Abbylon’s shopping platform.”

“Then I’ll separate this segment and establish a whole new subsidiary for it. This subsidiary company will only take care of online payments, and it will be the most important company that will connect all of JW’s dot-com enterprises.”

Jasper’s words were not complicated, and since both Wayne and Hudson were experienced businessmen, they immediately understood what he meant.

This meant that all Internet companies under JW in the future would have business with this online payment company.

This company’s importance had instantly outshone any other.

It immediately became JW’s new core.

“JW Capital will own 70% of the new payment company’s shares. For the remaining 30%, I’m planning to split it between Terizone and Abbylon equally. JW Capital will maintain ownership and be the majority shareholder, but I plan to hand management rights over to both of you.”