Jifenbao is a points service provided by Alipay. Jifenbao can be used as "money", and 100 points can be used to deduct 1 yuan.

Transactions on Alipay partner merchant websites or specified business scenarios on the Alipay website (such as credit card repayments, public utility payments, etc.) can be deducted at the time of payment based on the ratio of Jifenbao to RMB. Use Jifenbao.

You can also use Jifenbao by exchanging it for designated products, donating it to charity projects that Alipay cooperates with, etc. When using points, you must comply with the minimum usage requirements published on the website. Points cannot be transferred or exchanged for cash.

Extended information:

Integrating "consumption capital theory" into the integration of "Integral Points" consumer pension, converting consumption pressure into consumption motivation, creating a new model of "Integral Points" consumption and elderly care, and residents through daily consumption You can easily accumulate pensions for tomorrow at zero cost, without increasing the burden on the country, society and people, and rationally help solve the pension problems of the country's 1.3 billion people, and provide supplementary protection for China's pension industry. ?

Consumers use the points bank to consume pension cards (just like using bank cards in ordinary times) and go to designated merchants for consumption and pension. They will get additional pension points with discounts, and then all the points will be passed through professional insurance. The company becomes your personal pension, and it continues to maintain and increase value, and you will receive a considerable pension when you retire.

That is, it is to build a platform for consumer pension value-added services online and offline for consumers (common people), alliance merchants, financial institutions (UnionPay Business, PICC, etc.).

Baidu Encyclopedia-Alipay

Baidu Encyclopedia-Alipay