What does CCB aggregate payment mean?

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

What does CCB aggregate payment mean?

CCB aggregate payment refers to the integration of channels between banks and non-bank payment institutions, through technology The method is compatible with all systems and provides merchants with a unified backend management system. Among them, CCB aggregate payment and its collection QR code is another innovative product launched by CCB. Aggregated payment technology mainly relies on the payment channels and clearing capabilities of banks, third-party payment institutions or clearing organizations, and mainly provides comprehensive online payment solutions such as interfaces, integration, docking, order processing, and data statistics for special merchants.

In general, CCB’s aggregate payment collection QR code is a payment tool that integrates Dragon Pay, WeChat, Alipay, and UnionPay. The payment is directly entered into the customer’s bound CCB account without the need to withdraw cash. Through an aggregated payment SDK, all payment scenarios can be aggregated and directly linked to merchants and channels. After using CCB aggregate payment, you can save a lot of management costs. Compared with traditional banking services, the aggregated payment services of commercial banks cover a wider range of users, ranging from large merchants to small and micro merchants.