Payment market policy continues to tighten: personal hand brush POS market may change again

The Chinese payment market has been leading the global payment innovation market in recent years; at the same time, relevant payment policies are constantly tightening.

First, the People's Bank of China issued the "Notice on Printing and Printing <Bar Code Payment Service Specification (Trial)>". The well-known April 1 scan payment limit is from this document.

The regulations mainly provide mandatory management for the scanning payment market, and static scanning will be limited to 500 yuan.

Second, in the payment market, the POS machine that plays an important role is the top priority of this management. From the end of 2017 to February 2018, the central bank issued five consecutive fines. Including: La Cala, Zhonghui, UBS, High Speed ​​Xinlian, Baisentong.

Different from the past, there are 3 companies that are all industry giants.

Third, on February 27, 2018, Fan Yifei, deputy governor of the central bank, made it clear that the payment market regulation legal system needs to be improved, and the methods and means need to be innovative. The new pattern of opening up of the payment industry needs to be accelerated. In the new era, the two-way opening of China's payment industry and the level of participation in international governance need to be upgraded.

Fourth, in terms of documents, in the past three months, there have been documents No. 217, No. 281, No. 248, No. 296 issued, all pointing to the security management and regulation of the payment market:

Notice on Further Strengthening the Remediation Work of Unlicensed Operation Payment Business (No. 217), Notice on Regulating the Payment of Innovative Business (No. 281), and Notice on Adjusting the Proportion of Deposit Payments by Payment Organization Clients 》(No. 248), “Bar Code Payment Service Specification (Trial)” (No. 296), etc.

V. Finally, we searched on the official website of the central bank with the words “payment settlement” as the key words, and all the new notification documents and meetings on the security management party. From the head office to the branches everywhere.

After finishing this information, it is not difficult to find that in 2018, it is difficult to pay the market unchanged!

Unlike the "streaking" state of the mobile payment market a few years ago, it is believed that under the management and supervision of policies, the payment market will be more standardized and healthy.

Regardless of the traditional POS machine, or the personal hand brush POS machine, or will be ushered in a change of the day, but in any case, the user's capital flow will inevitably be more secure.