UnionPay: After the compliance will launch two-dimensional code payment

The central bank stopped two-dimensional code payment has been more than in March, although the central bank has not yet opened the gate release, but the market came out yesterday, CUP will do QR code payment. Yesterday, China UnionPay responded that CUP has already started to study the two-dimensional code payment, will be launched after compliance.

Rumors, CUP's two-dimensional code payment system program consists of two parts: First, online and window scanning code payment, the second is offline scanning code payment; the latter attached to the UnionPay original offline receipt layout system, Code instead of credit card links. In the application scenario, UnionPay's offline two-dimensional code payment and Alipay, TenPay scan code exactly the opposite process, that is, consumer mobile terminals generate bank card information, two-dimensional code, the merchant to scan the code to complete the transfer of financial information and Pay.

China UnionPay technical expert Dr. Xu Jingwen introduction, CUP because there is a security risk that can not be eliminated because of technical conditions, so there is no commercial application. UnionPay is still continuing to conduct research and exploration on business, technology, standards and safety aspects in the joint industry. After researching solutions that are mature, feasible and safe and controllable and have been approved by the regulatory authorities and cooperative institutions , CUP will launch related products and services.

In fact, third-party payment companies such as Alipay and TenPay have launched two-dimensional code payments last year. However, at the beginning of this year, the central bank suspended the payment of two-dimensional codes on the pretext of "security." At that time, many people in the industry believed that the central bank may restart the two-dimensional code payment after the security system of the two-dimensional code payment is more perfect. However, until now the central bank has not yet expressed its position on this matter.