TAL Education Group

ladies and gentlemen thank you for standing by and welcome to the third quarter fiscal year 2021 tal education group earnings conference call at this time all participants are in the listen on the mode after the management's prepared remarks there will be a question and answer session today's conference call is being recorded i would like to turn the call over to your first speaker today miss echo yan i are director of tal thank you please go ahead

Thanks, operator. Thank you all for joining us today for TAL Education Group's third physical quarter 2021 earnings conference call. The earnings release was distributed earlier today, and you may find a copy on the company's IR website or through the news web. During this call, you will hear from Mr. Rong Luo, Chief Financial Officer, Limba He, Vice President of Finance, and myself, IR of TAL,

Following the prepared remarks... We all feel safer with what we know, which is why local banks tend to prefer payment requests that come from local acquiring networks. They're familiar, the formatting is correct, and they assume it's safer. We have local acquiring licenses all over the world, so we can route transactions via local channels. That's why Forrester found we were able to increase authorisation rates for our customers by over 1.5%. On top of that, we can also help save costs, since, like mobile roaming fees, local transactions are often cheaper. It's simple. To go global, process local.