Why don't Alipay and WeChat unite and get through the payment transfer link?

Let's talk about the mobile payment brought by Alipay and WeChat.

When it comes to mobile payment, most people first think of Alipay and WeChat payment. As for the third place, opinions vary. Even the powerful Apple Pay has a small market share in China.

How popular is mobile payment? Ma Yun once said at the 20 17 annual meeting of China Green Company held in April this year, "Even beggars near the West Lake use Alipay to beg."

When Ma Yun said this, he was not just talking nonsense. According to the data of the central bank, in 20 16, the scale of mobile payment services in China reached 257 10 billion, with the amount reaching 157.55 trillion yuan, up by 85.82% and 45.59% respectively.

Today, Alipay and WeChat payment have occupied more than 90% market share of mobile payment in China. As the core of the financial payment system, banks can only "stand aside" and lay out mobile payments in hindsight. ...

However, as the leader of the financial industry, banks are not soft persimmons: On May 27th, China UnionPay and more than 40 commercial banks issued a big move, which was "bad luck" for Alipay and WeChat payment.

UnionPay officially launched QR code payment.

On May 27th, China UnionPay, together with more than 40 commercial banks, announced in Beijing that it officially launched the UnionPay China UnionPay Express QR code product, and cardholders can realize UnionPay China UnionPay Express Scan Code payment through the bank APP.

China UnionPay is a joint bank card organization in China approved by the central bank. China Banknote Printing and Minting Corporation, China Construction Bank and China Industrial and Commercial Bank are all shareholders of UnionPay, and they are veritable "national teams" in the payment field. In 20 16, the global distribution scale of unionpay cards exceeded 6 billion, and the global acceptance network of unionpay cards has been extended to 160 countries and regions.

China UnionPay announced:

At present, the first batch of commercial banks supporting China UnionPay to quickly pass QR codes has exceeded 40, including ICBC, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank and other national commercial banks. In addition, nearly 60 commercial banks are stepping up testing and will open soon, and all other major banks will basically open this year. In terms of acceptance, nearly 600,000 merchants across the country have supported China UnionPay Express QR code payment, and about 2.66 million merchants have opened UnionPay China UnionPay Express QR code service.

Security becomes the magic weapon of UnionPay?

In the case that Alipay and WeChat payment are so strong, why should UnionPay join hands with banks to share QR code payment?

China UnionPay said that compared with other QR code payment methods in the market, UnionPay China UnionPay Express QR code products mainly have three characteristics:

First, the security is higher, and the payment token technology is adopted, so that the security level is higher and the safety of consumers' funds is guaranteed;

Second, the service is more perfect, equipped with a sound risk compensation mechanism to ensure worry-free use;

Third, it is universal at home and abroad. Unionpay international is actively promoting QR code business in Hong Kong, Singapore, Thailand, Indonesia, South Korea and Australia, and plans to take the lead in supporting China UnionPay Express in accepting QR code business in Hong Kong and Singapore.

Security is an unavoidable problem in QR code payment. According to media reports, there are various traps in scanning QR code payment, and the victims are either cheated or their personal privacy is stolen.

Nowadays, security may be an important magic weapon for China UnionPay to seize the mobile payment market.

Having said that, to put it simply, even banks will come to mobile payment to share a piece of the action.

In fact, the benefits of uniting so many banks are enormous. But in its present form, banks really can't win this war.

1, in terms of people's rebellious psychology, what was your previous bank like and what was your service attitude? Do you want to be a good boy when you are doing mobile payment now?

2. Is the bank's app available now? In my opinion, it is far from WeChat and Alipay. Is app made into a piece of shit? How to use it?

3. It's not that I don't want to use the bank app. The current interest rate on your bank app is lower than that on WeChat and Alipay. The regular cycle is also low, with tens of thousands of beats. You refused to let us go out! ! !

Both sensibility and rationality have reasons to resist you.

Of course, when banks offer big discounts, almost everyone will use them. After the offer is over, I will still return to Alipay WeChat.

Rationally speaking, banks have introduced scanning code payment, which is beneficial to the country and the people. When I want to kill WeChat Alipay in a short time. We have to practice real kung fu.

As soon as the sincerity of wealth management products comes out, can't the limit of 50 thousand be lowered? The application performance is optimized. Easy to use, easy to use is fundamental.

In short, if you are not grounded, you can't beat WeChat Alipay.

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