Two-dimensional code to pay the future is not the mainstream

Recently there is news that CUP is the layout of two-dimensional code payment. It is reported that the two-dimensional code payment system has been developed under the Bank of China, some areas have been filed with the People's Bank of China, as the central bank has yet to be clear on the two-dimensional code payment attitude has not yet been promoted in the Mainland, but has been with the issuing bank, Organizations to discuss future cooperation and promotion issues; outside China, UnionPay has already started through the local co-payment agencies to promote.

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Although UnionPay has denied this news, the relevant person in charge of China UnionPay said that "the issue of payment security based on two-dimensional code has not yet been completely solved, and CUP has never started any commercial application of two-dimensional code payment in the market." However, in my opinion, the so-called no wind without waves, this time can not groundless, UnionPay just like Alipay and the like, "under the table" slowly grab the market.

Two-dimensional code of "edge ball" ecology

To know as early as March 14 this year, the central bank issued an emergency document said offline bar code (two-dimensional code) payment broke through the traditional admissibility of the terminal business model, the level of risk control is directly related to the customer's information security and financial security , Requires immediate suspension of offline bar code (two-dimensional code) payment, virtual credit card-related business.

However, in fact, the two-dimensional code payment of offline scenes of various companies can still be used normally. In particular, in the scene of taxi software, the payment can be made through the two-dimensional code, and "concessions" can also be obtained. This shows that everyone on the central bank issued a document is not a cold, because they can completely user behavior, user needs, etc. prevaricate, for this "edge ball" ecology, seems to have become well aware of this industry, but Can not say the secret.

In fact, such a bar code payment, the impact is the receipt of payment under the UnionPay business, which directly skip the UnionPay to complete the issuer and acquiring bank handover, as vested interests, CUP how can sit back and ignore. We do not even rule out that the document issued by the central bank in March is behind the scenes of the CUP. For the relationship between UnionPay and the Central Bank, borrowing a senior executive of the Bank of China in the financial industry gathering, privately said "UnionPay is the Bank of China's dry-sons," from its personnel appointment we can see such a relationship, its previous The chairman and executives are from the central bank executives (Wan Jianhua, Suning, etc.).

As for why there is such a situation today, the central bank does not stop the reason. I think maybe because of public opinion, and the reasons for political and commercial relations. Most crucially, there is no explicit "moratorium" on the lines and penalties in this document, leaving the companies concerned with the potential to drill. As for the UnionPay, since the "positive" can not curb the interests of the continued damage, can only choose to enter (layout QR code), and can not be honest to say that they have already entered.

It is reported that UnionPay's 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 to replace the swipe code credit card. In the application scenario, UnionPay's offline two-dimensional code payment and Alipay, TenPay's scanning process exactly the opposite, that is, consumer mobile terminals generate bank card information, two-dimensional code, the merchant to scan code to complete the transfer of financial information and Pay.

Two-dimensional code layout or not self-help

In my opinion, CUP layout of two-dimensional code and can not be self-help, or just now the layout has been too late. First of all, from a technical point of view, CUP mobile payment in the past is taken decentralization. As far as I know, UnionPay pays no less than 5, none of which is UnionPay's own company, which adopts or authorizes, or associates, and other operations, except that the bottom users and the capital data come from UnionPay.

Therefore, it is unclear whether UnionPay's two-dimensional code payment is made by UnionPay itself or by the same method as mobile payment. But no matter who do, image recognition, payment security are the biggest problems, seven payment security is the common problem in the industry, so far no one company can completely solve this problem. This is the same as the issue of bank cards. This security risk is inevitable. We can only raise the costs of crimes committed by others. However, we absolutely can not prevent others from committing crimes.

Second, from the market environment, two-dimensional code to pay the future will be the mainstream? Recently circulating a video online, its content generally said that Alipay will be on-line a new payment method "kongfu", using image recognition technology, that is, people or things through the picture to complete the payment, which has exceeded the QR code The height, but also more than two-dimensional code more convenient.

According to my understanding, as early as three years ago Alipay has begun to study various emerging payment methods, but also set up a special innovation payment department (now there is no do not know), the department was mainly two-dimensional code, Sound waves and other means, and now have to study the image payment, the next step will be the fingerprint, retina.

With these emerging payment methods, the future is not even mobile devices do not need to be able to pay directly, then the CUP layout of two-dimensional code value? Not only Alipay, Baidu, Tencent and other activities in this regard, and whether CUP can keep up with such a pace, it is really worrying.

In fact, two-dimensional code, images and other payment methods are not the biggest problem CUP itself, the biggest problem CUP is "closed monopoly." This closure allowed the Union to become accustomed to food and clothing, accustomed to high profits, accustomed to King terms, and when the Internet is more democratic and equal mechanisms, infiltration, CUP has become helpless. So I said that the layout of two-dimensional code, but also can not save UnionPay, unless the Union completely changed.

(Author: Bian Haifeng)