What does CCB mean by aggregate payment?

With the continuous development of the Internet industry, most businesses are now completed online, and online payment is fast and simple. In order to better carry out QR code payment, many businesses have used aggregate payment, and commercial banks have also begun to exert their efforts in aggregate payment. So, what does CCB mean by aggregate payment?

What does CCB mean by aggregate payment?

The aggregate payment of CCB refers to the integration of the channels of banks and non-bank payment institutions, which is compatible with all systems through technical means and provides a unified back-office management system for merchants. Among them, CCB's aggregate payment and its collection QR code is another innovative product launched by CCB. Aggregation payment technology mainly relies on the payment channels and clearing capacity of banks, third-party payment institutions or clearing organizations, and mainly provides comprehensive online payment solutions such as interface, integration, docking, order processing and data statistics for special merchants.

Generally speaking, CCB's aggregate payment and receipt QR code is a payment tool that integrates dragon payment, WeChat, Alipay and UnionPay. The receipt directly enters the CCB account bound by the customer without withdrawal. Through an aggregate payment SDK, you can aggregate all payment scenarios and directly link merchants and channels. After using CCB's aggregate payment, you can save a lot of management costs. Compared with the traditional banking business, the aggregate payment business of commercial banks covers a wider range, including a variety of user types from large merchants to small and micro merchants.