POS will usher in the second spring, online payment "broken direct", the amount of consumption will be limited......

As we all know, in the payment industry, the scan code payment business is in serious violations. There are at least two gray links between the payment giants and the merchants:

A “channel bank” that actually undertakes the liquidation function of cross-legal institutions, and a licensed acquiring institution and a push-pushing company that docks between these “channel banks” and merchants.

The giants will outsource the business to the company that actually undertakes the acquiring function, processing the transaction information, contacting the client's funds, and filling the machine keys. These companies even have no acquiring license qualifications at all, that is, the market is called “undocumented”. "Institutions", in which the "secondary liquidation" company that runs the road is no longer a case.

The bank violated the rules of “putting the channel” and relying on the gray two-dimensional code transaction chain of the unlicensed company to expand the merchants, and sneaked for a long time under the protection of “innovative payment” and “no cash society”. “Payment of convenience” and “regulatory arbitrage” exist simultaneously.

Large-scale outsourcing, coupled with the profit-added financial technology, and the “users” and “prepared deposits” to make the princes' model always bring about efficient expansion and barbaric growth. In the past 2 or 3 years, the two-dimensional code for aggregation payment has been spread all over the food, clothing, housing, and streets.

The China Payment and Clearing Association held a “Training Policy Interpretation Training Course”. At the meeting, Tan Jingwei, Director of the Tool Division of the Payment and Settlement Division of the People’s Bank of China, issued the three dimensions of the policy at the end of 2017 according to the policy background, the basic principles of supervision and the specific content. Notice on Regulating Payment Innovation Business (Yinfa [2017] No. 281, hereinafter referred to as "No. 281") and "Bar Code Payment Service Specification (Trial)" (Yinfa [2017] No. 296, hereinafter referred to as "No. 296") A policy interpretation was conducted.

However, the feng shui turns. The entire financial policy context, including the payment industry, has rapidly completed the transition from promoting development to strict supervision in the past six months. It is the top priority to maintain the security bottom line, serve the real economy, and return to small convenience. In the payment industry, after the National Financial Work Conference, in less than two months before and after the end of last year, the supervision has issued five heavy documents, the level of this unprecedented.

Under the supervision and rectification environment of the entire financial system “improving the financial supervision system and holding the bottom line of systemic financial risks”, the heavy punching of supervision has begun. The "Bar Code Payment Service Specification (Trial)" will be officially implemented on April 1 this year, and the chaotic image of the QR code market will also be cleaned up.

In summary, after the official implementation of the new regulations, aggregation, network and mobile payment will inevitably lead to corresponding restrictions. The loss of users of large-value transactions will be large, and the lost users will be able to switch to the big POS or Mpos. Products, so please the agents are ready to do this spring!

In 2018, POS agents must take action!

Win the development opportunities given by the policy! In the next 2018, the author is still full of confidence in the new wave of payment.

1. The central bank has issued a new policy to strengthen the regulation of bar code payment, whether it is a limit, a credit card restriction or a policy of restricting unfair competition. Both will usher in new development opportunities for the POS acquiring industry;

2. The online transactions of all payment companies will have to access the network. At that time, the new specifications will inevitably limit the illegal operation, and the scanning code payment industry will be re-introduced;

3. Measures such as online payment limits will greatly stimulate the rapid development of POS machines;

4. Unlicensed payment business will be severely hit. At present, the central bank has already taken action, and next year will be a crucial moment for formal action. As of today, there are dozens of card-free payments that have been shut down for payment channels...