Jifenbao is a points consumption service launched by Alipay’s wholly-owned subsidiary, which has cash value. Usage: Committed to realizing the redemption of different points, and realizing functions such as cash redemption for shopping and payment.

Jifenbao is a points product launched by Alipay to redeem cash for shopping. Users can use Jifenbao to deduct cash for consumption at all merchants that support Alipay transactions. You can also perform points lottery, point redemption, point donation, credit card repayment, and payment of utility bills on the Jifenbao page. 100 sets of points can be deducted by 1 yuan.

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Extended information:

At the end of 2011, Jifenbao was spun off from Alipay and became an independent company. When Jifenbao points can be exchanged with a large number of third-party points, Jifenbao points will gradually become a virtual currency with the nature of "hard currency" in the Alipay system, and Alipay will become a virtual currency carrying circulation. electronic wallet. It is worth noting that Tmall Mall’s points system “Tmall Points” and Jifenbao are only connected in one direction.

Jifenbao can be used as "money", and 100 Jifenbao can be used to deduct 1 yuan. Users can deduct the use of Jifenbao according to the ratio of Jifenbao converted into RMB when making transactions on Alipay's partner merchant websites or in designated business scenarios on Alipay's website. Users can also use Jifenbao by exchanging it for designated products, donating it to charity projects cooperated by Alipay, etc.

Reference materials: /baike.baidu.com/item/E99B86E58886E5AE9D/3388148?fr=aladdin"target="_blank"title="Baidu Encyclopedia - Jifenbao"gt; Baidu Encyclopedia - Jifenbao