President of China UnionPay: Internet Finance and traditional financial perspectives are different and cannot be compared

Luode, president of China UnionPay, said at the Lujiazui forum last weekend that the current concept of a big hot MA-style internet finance is like hip-hop, while the traditional financial industry is GB, the two perspectives are different, can not be compared.

Luode very figuratively said: "Internet finance is actually like hip-hop dance, Freedom is very big also very beautiful, traditional finance like jumping GB, very standard." The best model of the two is integration. ”

In response to the issue of whether Alipay affects UnionPay's business, Luode responded that exploring Internet finance is meaningful, but under the same regulatory conditions. At present, the traditional banking business is subject to strict supervision, and the Internet finance, which makes up the electric business, is more lax. In addition, both the object and content of the service are different.

Luode made a comprehensive clarification of the current rumours about UnionPay's ban on third-party payments. He noted that the relationship between UnionPay and third parties was "normative cooperation" and that he welcomed the addition of Third-party payments as long as the rules of UnionPay were met.