Starting from March this year 1, the personal payment code was stopped for merchants to collect money. Will we go back to the era of paper money?

The central bank issued the Notice on Strengthening the Management of Payment Acceptance Terminals and Related Services, which is required to be implemented from March 1 day this year; A series of management requirements are put forward for receipt bar code payment. At the same time? Barcode payment has also been regulated, and specific provisions have been made on the use of personal collection barcodes, which will be implemented on March 1 2022.

One of the core concerns is the large number of small street merchants with low turnover. Does the personal payment code need to be changed into a commercial payment code? Will the cost increase again? China Payment and Clearing Association, Alipay and WeChat issued announcements at almost the same time.

With the continuous improvement of living standards, the use of smart phones can be seen everywhere in our daily life. Among them, the collection and payment functions of WeChat and Alipay are now leading the trend. In the past, when people went out to buy things, they all carried bags and cash. Now all they need is a mobile phone.

Now we only need to display the payment code, so the payee of course only needs to display your payment code. What is worthy of recognition is that the receiving code on the mobile phone is true, which brings convenience to our life. Moreover, more and more people prefer to pay by mobile phone and collect money directly by mobile phone.

However, in official website, the central bank issued a document, aiming at the collection of Internet, and severely punished it. "From March this year 1, the commercial use of personal collection codes is prohibited." . It is understood that only personal payment codes are restricted. In other words, if merchants want to use QR code to collect money, they must convert the personal payment code application into a commercial payment code.

There is also a kind of payment code that we saw in the street night market. After we check out, we can see that the payment account is an individual. This category is prohibited within the new regulations of the central bank.

In addition, China Bank and China Construction Bank have similar promotional activities. Bank of China said that BOC's collection code supports large, medium and small businesses to open stores and promote them free of charge; Support China Bank to gather wealth, WeChat, Alipay and UnionPay and other four payment methods;

According to CCB, the QR code of CCB merchants' collection integrates a variety of payment methods, such as WeChat, Alipay, UnionPay, China UnionPay, and Dragon Payment. After the merchant collects the money, the funds can directly enter the CCB card or enterprise account bound by the customer, and there is no need to withdraw cash. In addition to banks, many aggregation payment institutions are also promoting their own payment codes, and the acquiring market is getting stronger and stronger.

All the businessmen we trade need to pay taxes to the state. They use merchants to collect and pay, and there are records in the background. The state can collect taxes from these operators according to law. Those merchants who collect money by personal receipt code are not business activities, and the state cannot collect taxes according to law, which is definitely not allowed from the perspective of national interests. Therefore, there is also a reason for restricting the commercialization of personal bar codes this time.

After the commercial use of personal payment code is restricted, a series of merchants such as WeChat business can't use personal payment code to conduct transactions, so they will sign agreements with third parties, thus expanding the number of merchants and the scale of transactions. Therefore, we should look at everything from the perspective of development, not only to see its shortcomings, but also to see its advantages, so as to better understand its intention.