How to interpret the so-called "prepaid card"

Prepaid card is the abbreviation of prepaid card, as the name implies is the first to pay and then consumption of cards. After the introduction of the method, the prepaid card means a third party to pay the prepaid value of the goods or services that are issued for profit, and purchase outside the issuing institution, including the prepaid cards issued in the form of magnetic stripe, chip and other technology.

Unlike traditional scorecard, store value cards, the introduction of Third-party payment after the issuance of prepaid cards will be able to have a real financial payment function, such as you go to the mall to buy clothes, watching movies, taxis can be used to brush prepaid cards, but different from the previous scorecard, stored value card drilling policy loopholes.

It seems that prepaid cards are similar to traditional bank cards, and in fact prepaid cards are functionally similar to bank debit cards, a pure prepaid card that does not have a debit function. In addition to online payment, prepaid cards have been able to implement prepaid cards, prepaid cards, prepaid cards to bank card transfers, and become part of the financial system.

For third party payments that monopolize online payments, to make prepaid cards a part of offline payments, the first thing you need is a large enough POS terminal network to get out of the first step of paying offline. They now have two options:

Join existing POS terminal network: At present, the fact standard of the offline POS terminals is UnionPay, the best choice for the third party is to share with UnionPay, then the large POS terminal of UnionPay is easy to controlled, and it is also a question whether UnionPay is willing to contact. Self-built POS terminal network: With all due respect, this is not a small cost project, but there is still room for imagination. For example, Alipay, now a lot of convenience stores have pulled the terminal equipment, and Alipay is one of the investors in the card, if Alipay and pull card under the offline payment cooperation may not have no chance.

Prepaid card means that the balance of Alipay in addition to charge, online shopping, can also be used for shopping, watching movies, then prepaid card for users and bank debit card has no difference. The introduction of Third-party payments can further optimize the market configuration, businesses and consumers will benefit from this, and third-party payments will officially become a part of the financial market, but also an integral part of people's lives.