Silver Lenovo Eminence

Summary: The relationship between UnionPay and third party payments has always been subtle. Yesterday, a eminence bill at the board of the UnionPay made the gunpowder more strong. South reporters learned that in last month's UnionPay board, UnionPay launched the

The relationship between UnionPay and third-party payments has always been subtle. Yesterday, the UnionPay on the board of a "eminence" "Bill" let the two sides of the gunpowder more strong.

South all reporters learned that in last month's UnionPay board, UnionPay launched the "on the further regulation of non-financial payment institutions UnionPay card transactions to maintain the interests of member banks and UnionPay," urged the member banks to unify the action, and gradually transfer the non-financial institutions UnionPay card transactions to the UnionPay network, And for the first time explicitly put forward to achieve the goal of the ―――2014 year before July 1.

Industry figures said that if UnionPay really wanted to incorporate third-party payments, according to the 2014 online payment estimated 8 trillion of the turnover, the increase in fees at least 24 billion. However, in the interview, including Banks and third-party payment enterprises in the view that UnionPay to achieve full incorporation is unlikely. But the small third party pays the enterprise in the future or will first pay UnionPay.

Silver Lenovo Eminence

"If UnionPay succeeds, then China's third-party payment companies will die in half." "Yesterday, a large third-party payment Enterprise marketing department in an interview with reporters in south, said that the bill introduced by UnionPay has a significant impact on the Third-party payment industry."

South reporters from a third-party payment company won the bill. According to the bill, China UnionPay is urging the member banks to unify their actions, gradually transfer the AU-Union UnionPay card transaction to the UnionPay network for the first time, and clearly put forward the timing node of ―――2014 year before July 1.

The head of the marketing department, a third-party payment company, told South reporters that the bill was presented by UnionPay's four-time board meeting on the July 24 to 25th. South all reporters See, the "motion" looks very strong, proposed, "before December 31, 2013, the full completion of the non-gold institutions under the line UnionPay card trading business migration, unified to send UnionPay transfer, synchronous standard Internet UnionPay card payment business." ";" Before July 1, 2014, the implementation of the non-gold institutions internet UnionPay card transactions fully access to UnionPay. ”

"This means that UnionPay should incorporate the current Third-party payment enterprises to achieve eminence." "said the third party payment company marketing department.

South all reporters from the motion see, in order to complete the above "eminence" goal, UnionPay in this motion set out the specific work steps, including "September 2013 onwards, the member banks to stop to the AU to open the new Pay Card payment interface, the stock interface no longer add cards to withdraw, transfer, on behalf of authorized UnionPay card Business", "Before the end of 2013, the non-gold institutions under the line of UnionPay card trading in a joint or direct link mode a little access to UnionPay network, commercial banks no longer retain its and non-gold institutions UnionPay card line trading channel."

In addition, in order to urge the major banks to work with UnionPay, the motion proposes to set up a special working group of Non-gold institutions jointly by UnionPay and member banks, and set up a convention with the member banks of the "UnionPay" and the members of the Board, and regularly inform the progress of the parties and promote the concerted action of all ”

UnionPay has interviewed a number of banks and third-party payment agencies to lobby them to join the banking system. "The big third party pay company marketing department related to reporters said that UnionPay has begun to act, but they have not yet received formal notice of UnionPay and the bank."

Dispute over handling fees

On the original intention of the plan, UnionPay pointed out in the motion that "non-gold institutions through direct union with commercial banks, a large number of illegal development of UnionPay card payment and other business, seriously damaging commercial banks and UnionPay commercial interests and brand equity." Some of the AU institutions also rely on the Internet E-commerce master a large number of customer data, rapid infiltration into the financial sector, shaken the bank's ownership of customers, the traditional banking business gradually formed a big impact. ”

However, in the eyes of the third party payment industry, the interest is the main reason why UnionPay is determined to "eminence". "The development of Third-party payments has threatened the interests of UnionPay. "A third party in Shanghai to pay the relevant head of the company said to reporters, in the Third-party payment before the emergence of the traditional billing market has been UnionPay and the bank two points." But with the development of E-commerce, the current online payment is mostly paid by third-party companies and banks to achieve direct company, UnionPay lost the online payment market.

A major online payment of the third party to pay the company's market, said reporters to the south, according to the central bank regulations, each card processing fee by the issuing bank, receipts, UnionPay according to the "721" proportion. However, with the rapid rise of third-party payments, most of the current payments on the company's online business has not taken the UnionPay channel, and the offline receipts business can also be realized with the bank directly linked, which makes UnionPay aware of the problem. If there is no UnionPay, the issuing bank and the receipt line are divided into 7:3. "The main source of income for UnionPay is still the channel fee, and the rise of the third party poses a huge challenge to its revenue," the people said.

In addition, in last year 17th, which was released by UnionPay to its members, UnionPay said that the actual fee rates paid by the AU institutions to the major member banks averaged 0.1% per cent, well below the 0 3%-0 in the UnionPay network. 55% of the price level. On the basis of this preliminary estimate, the main member banks of the annual loss of more than 3 billion yuan.

"It's not so much the loss of the bank as the market that UnionPay lost," he said. "The loss is interpreted by an industry insider."

In fact, this is not the first time UnionPay has tried to "incorporate" third party payments, and the dispute between UnionPay and the third party payment industry has been long-standing. Before the advent of third-party payments, the traditional billing market has been the silver link and the Banking department two points world. However, with the development of E-commerce, several large third-party payment enterprises through the direct connection with the issuing bank to carry out internet payments, PO s receipts, fast payment, mobile payment and other services.

South reporters through the relevant channels to receive UnionPay in last December and this April to the members of the 17th text and 5th, to promote the Third-party payment agencies unified access to the UnionPay network. At present, many banks and third-party payment enterprises also choose to cooperate with UnionPay. "The advantage of working with UnionPay is that you can talk to the bank without your own family, and you can focus on the product side of the channel." "A third party payment company in a national business is described in this way through the UnionPay channel."

A third-party industry analyst in Beijing said the number of third-party payment companies that joined UnionPay in recent years did increase. Yesterday afternoon, UnionPay in the south to reporters in response to the interview that there are more than 60 major non-gold institutions have been connected to the UnionPay network.

UnionPay Incorporation Difficult

In the interview, reporters in the south have clearly felt the delicate relationship between the third party payment business. "We are very resistant to the action of UnionPay, but do not want to work with UnionPay, after all, UnionPay's market position is very strong." "The Shanghai third party payment Enterprise Marketing department relevant responsible person thinks, UnionPay's action has the monopoly nature, is not advantageous to the industry development, but he also pointed out that because they have some business needs to take UnionPay's business, therefore" does not want the two sides to form the confrontation. ”

The large third-party payment agencies said to the South reporters that the third party payment institutions must be traded through the UnionPay channel, is the administrative, monopolistic thinking of the typical representative. "It's better to compete with a lot of people than just one. The person further points out that, in practice, UnionPay's approach contradicts the central bank's July approach to the administration of receipts.

It is reported that in early July, the central bank issued "bank card receipts Business management measures." The biggest difference from the draft, which was published last year, is that 26th of the measures refers to: "The receipt agency will send the transaction information directly to the issuing bank, should be in accordance with the issuing bank to comply with the relevant Bank card clearing institutions Agreement, signed a cooperation agreement, clear transaction information and capital security , cardholders and merchants ' rights, obligations and liabilities for breach of contract. "This is the default of the Third-party payment company and the bank directly connected to the feasibility." "The large third party payers said that if a monopoly is established, the third party will pay a fee of at least 24 billion of the fees paid by the company in accordance with the 2014 online payment of the estimated 8 trillion transaction volume." And this digital third-party payment industry is certainly not affordable, and ultimately not to be passed on to the user.

However, in this battle, the market is not optimistic that UnionPay can win. "It's really hard to ' eminence '." "China's third party industry analysts said in an interview with reporters in South China," UnionPay for third-party payment enterprises and banks do not have the right to executive orders, it is difficult to require enterprises to cooperate.

In fact, as a third party in this campaign, the bank's attitude is important. The head of a joint-stock bank electronic Bank said to reporters that the current Internet financial rapid development, the bank and the third party to pay more and more cooperation, many business innovation must be through direct connection to complete, which determines the bank needs and third-party payment to maintain a cooperative relationship. And once you choose not to pay for cooperation with a third party, it means that you will lose part of the market. "Big banks are stronger and will not be able to tie in with UnionPay's ban." Said the head of the electronic bank.

and South reporters see, UnionPay's motion also mentioned that the reason for the failure to carry out such a similar operation was that "a non-gold institution is involved in commercial banks with more lines of business, different private prosecution, no formation of resultant force within the commercial banks, and the single commercial bank and UnionPay are more difficult to implement alone, Need for joint and unified action ".

However, the bankers also pointed out that the key to facing the banks is how determined the attitude of UnionPay, because in this battle, UnionPay has another important chip in the hands of the bank can charge the brand fees.