The coming of the post-payment era: The wide innovation space under the open market

Yang Tao that in the "post-payment" era, Electronic payment - -------------the financial functions such as the completion and investment financing will gradually converge, and the retail payment area will receive more attention. Yesterday, participants in the round-table discussion of "New patterns: Innovation and competition in open markets" said that after the opening of the bank card clearing market, the market would bring new competitive vitality and the future diversification innovation based on payment will have huge market space.

Competition brings vitality to the market

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At the end of last October, the State Council's executive meeting decided to liberalise the bank card clearing market, and the market is looking forward to the introduction of specific rules for opening up the market. In this regard, UnionPay electronic payment general manager Sun Ping said: "Objectively speaking, whether it is Visa, MasterCard or other card organization into the Chinese market, will certainly bring competition, but also will bring vitality, I believe we can jointly make the market bigger." In fact, Visa and MasterCard have also said that their competitors are not banks or card organizations, but cash. I think this is our common goal. ”

According to the decision of the executive meeting of the State Council, not only foreign-funded enterprises, but also qualified domestic companies can set up bank card clearing institutions in our country.

Ant Financial Services Group President Assistant Chen Dawei said: "An objective fact is that at present, in addition to China UnionPay, the city firm funds Clearing Center and the Bank of Agricultural Credit Clearing Center, some third-party payment agencies are direct-connected banks, is also doing liquidation, this is a fait accompli." I think, on the one hand, we are in the process of the exhibition to ensure the security of funds, improve the financial infrastructure, on the other hand we also closely monitor the policy trends, we hope to achieve compliance and compliance with regulatory requirements. ”

"The business scope of payment transfer and Gateway Systems is actually very large and not limited to bank cards," Sun said. For my company, for example, personal accounts, withholding payments on public accounts, fund accounts and securities accounts are covered. In the future, if Visa or MasterCard has issued renminbi bank cards within the territory, we are also very willing to work together on these services. ”

The coming of the post-payment era: The wide innovation space under the open market