What is Hong Kong Fubao?

The launch of "Hong Kong Fubao" has made some innovations in this respect. It has established special accounts for buyers and sellers in banks, and funds flow directly in a banking system. Opal Steel Network and China Construction Bank * * * supervise the funds. "Hong Kong Fubao" is a large-scale online payment tool launched by Aopu Iron and Steel Network for the iron and steel industry, which is suitable for inter-enterprise transactions. It realizes the unification of capital flow and invoices, the integration of payment and delivery, and completely solves the problem of user invoice tax refund.

Online payment can also avoid sending wrong goods.

Last year, Opal Steel Network used Lecong, the largest steel distribution center in China, to integrate many steel warehouses and launched an online "steel supermarket". After more than half a year's operation, Hong Kong Fubao, which was officially launched yesterday, added B2B online payment function to Opal Steel, and its function was further improved.

Under the B2B trading mode, most buyers can't accept that the goods are not right. When they received the goods, they found there was something wrong with them. The loss of enterprises is far greater than the payment for goods, which leads to high logistics cost and delayed production schedule. Most importantly, if they delay the downstream orders, they may face huge risks such as huge compensation. In the payment process of "Hong Kong Fubao", the third party (the market side) submits the payment order, and the market side verifies the goods in kind to ensure the absolute safety of the goods before putting them on the shelves.

In addition, enterprises are different from individual users in the transaction process, and have higher requirements for fund security, speed of account arrival and payment limit. Through in-depth cooperation with China Construction Bank, Hongkong Fubao has comprehensively optimized the above problems in the industry through measures such as direct bank supervision, real-time system receipt and unlimited quota.