The Yu'e Bao and Zhaocai Bao on Alipay are both good, with higher returns than banks and guaranteed safety.

Yue Bao is a balance value-added service created by the third-party payment platform Alipay for individual users.

Through Yu'e Bao, users can not only get income, but also consume, pay and transfer money at any time, just as conveniently as using Alipay balance. Users can directly purchase funds and other financial products on the Alipay website. At the same time, funds in Yu'e Bao can be used for online shopping, Alipay transfers and other payment functions at any time. The funds transferred to Yu'e Bao will be confirmed by the fund company on the second working day, and the income will begin to be calculated for the confirmed shares.

The Zhaocaibao platform is a financial information service platform independently operated by Shanghai Zhaocaibao Financial Information Services Co., Ltd. Various financial institutions such as banks, insurance companies, fund companies, etc. can release fixed-term, stable-income, low-risk financial products established and managed by them in accordance with the law through the Zhaocaibao platform. Users can obtain simple, fast, safe and secure financial products on Zhaocaibao. regular financial services.

The current products on the platform mainly include three categories: small and medium-sized enterprise loans, fund products, and insurance products.

Loan products issued by small and medium-sized enterprises or individual financiers have a guarantee mechanism behind every transaction.

The borrower will return the principal and income to the investor in one lump sum at the agreed rate of return when the financing matures. The funds generally arrive in the lender's account within 1-3 working days after the loan maturity date.

If the borrower is unable to repay the due principal and income, the agreed financial institution or large guarantee institution will provide guarantee of the principal and income.

After the personal loan financial product expires, the funds will be automatically transferred to the investor's Yu'e Bao account. If stolen, Zhongan Insurance will pay full compensation.