Financial website news on May 27, China UnionPay and more than 40 commercial banks jointly announced in Beijing that the company will officially launch the UnionPay cloud flash payment QR code products, cardholders through the bank APP can achieve UnionPay cloud flash payment code payment. From June 2nd, about 100,000 merchants in 40 well-known business districts across the country will enjoy a 62% discount on the use of UnionPay cloud flash cards, mobile phones and scan code payment.
This is the latest achievement since the launch of the UnionPay cloud flash payment mobile payment brand in December 2015, the bank card industry has jointly innovated, continuously enriched payment options, and joined forces to give back to the society. Fan Yifei, member of the Party Committee and deputy governor of the People's Bank of China, made a written speech. Xie Zhong, Director of the Payment and Settlement Department of the People's Bank of China, Li Wei, Director of the Science and Technology Department, Cai Hongbo, Secretary General of the China Payment and Clearing Association, Ge Huayong, Chairman of China UnionPay, and many more The heads of commercial banks, major non-bank payment institutions, well-known mobile phone manufacturers, and merchant representatives attended the ceremony and witnessed. At the press conference, UnionPay's no-card fast payment channel debuted.
Fan Yifei, deputy governor of the People's Bank of China , said in his speech that the top-level design of China's payment industry has basically been completed, and a multi-level payment and clearing network system has been constructed. Among them, bank cards, as the main non-cash payment tools in the personal retail field, have played an important role in promoting consumption upgrading and realizing the informationization of the payment industry. The People's Bank of China has always paid close attention to the innovative application of new technologies, and encouraged all parties in the industry to intensify innovation under the premise of compliance, effectively protect the public funds and information security, and continuously enhance the customer experience. The UnionPay cloud flash payment two-dimensional code jointly launched by all parties in the industry and the vigorous promotion of the cloud flash payment product system are important achievements in the continuous development of bank cards in the era of mobile Internet. It is hoped that various market institutions will exert their joint efforts to promote the development of the payment industry to a higher level, and help the innovation drive and consumption under the “new normal†of the economy to promote transformation and upgrading.
For the UnionPay cloud flash payment QR code product, Vice President Fan Yifei’s speech concluded that, from the perspective of security, after the industry has fully demonstrated the two-dimensional code payment technology and security specifications, it has established complete business rules and technical standards. Full chain business system such as risk control. In terms of applicability, UnionPay cloud flash payment two-dimensional code products not only meet the cardholder's convenient payment needs, but also realize the market application of bank II and III accounts, and is a powerful practice to implement the personal bank account classification reform policy. At the same time, the global versatility of UnionPay cloud flash payment QR code products will further promote the “going out†of China's payment service and payment standards.
Ge Huayong , chairman of China UnionPay, said that with the guidance of the People's Bank of China and the support of all parties in the industry, China UnionPay has been actively exploring the practice of innovative payment and its risk prevention and control. In order to meet the market demand, the launch of the cloud flash payment two-dimensional code products, to bring more rich mobile payment options for consumers, to achieve new developments in the application of card organization mode in the field of mobile payment. China UnionPay hopes to continue to improve the acceptance environment with all parties in the industry, strengthen the coordination of financial services and risk prevention and control, and jointly create a safe mobile payment ecosystem.
Conference, the Industrial and Commercial Bank 601398, diagnosis and shares Jingdong, the US group reviews were used as commercial banks and merchant strategic cooperation on behalf of his speech. They unanimously stated that UnionPay cloud flash payment QR code products are innovative products jointly created by all parties in the industry, which can realize the interconnection of two-dimensional codes between different organizations, and help commercial banks to effectively integrate the massive merchants and user resources of different institutions. It takes the security payment as the core concept to ensure the cardholder account information security, while constructing a richer scene, making daily payment more convenient. Jingdong, the US Mission and other organizations agree with the concept of open, cooperative and win-win for UnionPay. By opening the entrance to the cloud code, hundreds of millions of consumers can enjoy more convenient, safe and efficient payment services. Fang will also work together to continuously improve the consumer experience and promote the upgrading of consumer services.
Since the launch of UnionPay Cloud Flash, it has launched a variety of mobile payment products such as HCE, Apple Pay, Samsung Pay, Huawei Pay, MI Pay, etc., which brings a convenient and safe payment experience for cardholders. In order to meet the diversified needs of the market and the innovation needs of Class II and III accounts, on the basis of the previously published business rules and technical standards, the China UnionPay has jointly launched a number of commercial banks and payment institutions to launch the cloud flash payment QR code products. .
As a mobile application (referred to as "APP"), China MobilePay's two-dimensional code products are inter-transit exchange products. Through two-dimensional code (bar code) interaction, individuals, individuals and merchants and merchants are realized. The payment between the funds. The release includes a variety of models for main sweeping consumption, swept consumption and personal payment, and will also launch ATM QR code cash withdrawal and value-added service solutions. When using, the consumer opens a commercial bank APP that has opened the cloud flash payment QR code service for the merchant who has placed the cloud flash payment QR code acceptance mark. After the first time the card is tied, the payment is generated by the “payment to merchants†function. "Payment Code", the cashier uses the scan code gun to read and complete the payment, or scan the merchant receipt code through the "sweep" function to complete the payment.
Compared with other QR code payment methods on the market, UnionPay cloud flash payment QR code products have three main features: First, higher security, using payment tokenization (Token) technology, high security level, to protect consumers The safety of funds; second, the more complete services, well-equipped risk compensation mechanism to ensure the use of worry-free; third, domestic and foreign GM, UnionPay International is actively promoting Hong Kong, Singapore, Thailand, Indonesia, South Korea, Australia and other domestic cardholders often The QR code business in the travel area is planned to be the first to support the cloud flash payment QR code service in Hong Kong and Singapore.
At present, the first batch of commercial banks supporting cloud flash payment QR code has more than 40, including Industrial and Commercial Bank, Agricultural Bank 601288, diagnostic stock , Bank of China 601988, diagnostic stock , CCB 601939, diagnostic stock , Bank of Communications 601328, diagnostic stock China Merchants Bank 600036, attending stocks and other national commercial banks, and nearly 60 commercial banks are stepping up testing and is about to open, the other major banks during the year will be basically all opened.
In terms of acceptance, nearly 600,000 merchants in the country have already supported cloud flash payment for QR code payment. About 2.66 million merchants have opened the UnionPay cloud flash payment QR code service, and 36 provinces and autonomous regions have also created 40 well-known business districts. The card person has an in-depth understanding and use of the cloud flash payment QR code. Consumers take your phone, you can now at Lotus, Watson, Century Lianhua, hollyland 002,729, attending stocks, on-aa 002 695, shares more than 10 clinics and industry well-known national chain of nearly ten thousand business entities designated stores Experience. In addition, nearly 60 acquiring institutions such as UnionPay Business, Fast Money, Tonglian, Lakara, and accompanying payment have completed the transformation of the acceptance end, and more merchants will join in the follow-up.
A quality user experience is inseparable from a fast and efficient trading channel. With the rapid development of payment technology and the trend of online and offline payment integration, UnionPay's cardless fast payment service has been continuously upgraded, and a new docking with the commercial card-free fast payment channel has been launched, aiming to create a connection to all commercial banks. The single-institution and the new payment network's fast payment networked universal network support various types of cardless payment application innovations, bringing more convenient, safe and efficient payment experience to cardholders. At present, UnionPay has completed the docking of non-card fast payment channels with four banks of industry, agriculture, China and China. During the year, it will achieve full access to other major national commercial banks and regional banks without card fast payment channels.
In order to thank the cardholders for their support and trust in UnionPay, the China UnionPay united parties to launch a large-scale theme feedback event of “62 UnionPay Cloud Flash Payâ€. From June 2nd to June 8th, UnionPay cards (card number starting with 62) users use innovative payment products such as “Cloud Flash Payment†and “UnionPay Walletâ€, which can be used by nearly 100,000 merchants of more than 100 well-known brands nationwide. Enjoy 6.2 fold or full discounts, covering six major scenarios including dining, shopping, travel, entertainment, and cultural health. Cardholders of banks such as CITIC, Everbright, Huaxia, Beijing, Shanghai Rural Commercial Bank, etc., during the event, they can also enjoy the highest 100 times bank rewards for cloud flash payment transactions.
In the same period, overseas UnionPay cards around the world's top 100 airport promotions are also hot, covering more than 100 airports in about 30 countries and regions, covering duty-free shops, souvenir shops, restaurants and other merchants, the discount is up to 25%. In addition, users who use cloud flash payment can enjoy cloud flash payment discounts in more than 1,000 merchant stores in Taiwan, Australia, New Zealand, Hong Kong, Macao and other popular tourist destinations.
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