International card organization holding hands third party targeting China online mobile payment

In addition to the traditional real bank card business, the international card organization from abroad has "targeted" China's online payment and mobile payment market, and has begun to seek further cooperation with domestic third party payment enterprises.

Holding hands third party targeting online mobile payment

Chen Weizhong, senior vice president of the Asia-Pacific, Middle East and Africa region of MasterCard International, said in an interview with the first financial daily that it is planning to further cooperate with domestic third-party payment companies to develop overseas payment operations.

"MasterCard can work with a number of third-party payment companies, such as the domestic MasterCard cardholder's Taobao wallet to generate a MasterCard virtual card number, through which the card number directly to the overseas merchant consumption." Then, the consumer's electronic wallet has not changed, the function is more powerful and perfect. "Chen Weizhong said.

In the choice of domestic third party payment cooperative enterprises, Chen Weizhong said it would consider "third party payment licences issued by the central bank", but refer mainly to the management, operating experience, industry branding, business nature and model of these companies, "particularly those that are very interested in expanding their overseas payment channels when they have a certain size in the local payment market." ”

Alipay related people to our correspondent said: "Now with Visa and MasterCard have cooperation, mainly to Hong Kong, Macao and Taiwan region users through Alipay directly on the mainland web site consumption, there are other foreign bank card organizations to discuss this cooperation, Cross-border payments will further explore the future." "and domestic users in overseas websites and merchants consumption, Alipay is currently with the Bank of China to carry out the purchase of exchange cooperation."

Third party payment company Quick Money CEO Guoguang recently to accept this reporter interview also said, get the payment license, the next step to develop the business including Cross-border payment settlement, there are foreign card organization expressed the intention of cooperation, is currently in the process of negotiations.

In addition to hand-holding third party payment companies, the International Bank card organization itself on China's emerging payment market is also accelerating the layout.

Chen Weizhong told our correspondent that online payments and mobile payments would be MasterCard's key development strategy throughout the Asia-Pacific region.

He also believes that domestic mobile payment services and applications pay more attention to the demand of bank customers mobile payment, in the future should pay more attention to the non-bank relationship of customer demand.

Layout of the Chinese territory

Cooperation and competition with UnionPay

And with the tentacles of the Chinese market, the cooperation and competition between the bank card organizations from abroad and China UnionPay are constantly seeking a new balance.

"Foreign card organization and Third-party payment Company's continuous cooperation, as well as online payment and other aspects of the pace of acceleration, the number of UnionPay is worried." Moreover, the Internet transaction payment is not the strength of UnionPay. "A person close to China UnionPay said to our correspondent," the current cooperation between UnionPay and the overseas bank card organization is mainly in the overseas receipts and domestic and foreign card receipts, UnionPay very want to ' peer ', but this is not easy. ”

Since last year, the International bank card organization Visa has begun to restrict UnionPay in its overseas channels, and the US Trade Representative Office (USTR) has applied to the WTO to start a dispute settlement mechanism for China UnionPay's monopoly. Meanwhile, MasterCard has been strengthening its cooperation with UnionPay, which signed a memorandum of cooperation last September to promote online payments and other cooperation.

"The competition with UnionPay overseas has already begun, and the overseas distribution of UnionPay has been very rapid over the years, and the competition will certainly be there." Chen Weizhong Frankly, "Our cooperation with UnionPay is mainly to strengthen overseas receipts, Internet payment and other aspects." For UnionPay, mobile internet receipts or new business, the two sides can have some mutual win cooperation. ”

Recently, China UnionPay has continued to exert its force on online payments and mobile payments. At the beginning of this month, UnionPay formally launched the "UnionPay online payment" and "UnionPay internet mobile phone Payment" two business, relying on the existing bank card trading clearing System Foundation, built with UnionPay characteristics of the card-free payment transaction processing platform.

Chaihong, executive vice president of China UnionPay, previously interviewed by reporters also said that UnionPay is very optimistic about mobile payments, a new generation of mobile phone payment has been completed commercial testing, the year will be in Shanghai, Chengdu, Sichuan and other cities to start the application, and future UnionPay will be with more third-party payments to cooperate.