In 2017, UnionPay released transaction data to show that third-party payment became the main force!
In recent years, the constant technological innovation and service thinking innovation in our national payment market has been at the forefront of the world. Payments from cloud flash, chip cards, and QR codes are constantly changing the bits and pieces of our lives. As the third-party payment in the payment market has become the main force in the entire domestic payment market, today it is said that the 2017 UnionPay release transaction data shows that third-party payment becomes the main force, let us look down together.
On January 17, 2017, China UnionPay released the latest transaction data. In 2016, the amount of UnionPay network transfer transactions was 72.9 trillion yuan, a year-on-year increase of 35.2%. Innovative payment method, as an auxiliary service for consumption upgrade, has become an important engine for the upgrading of the bank card industry. The breadth of the UnionPay network has been continuously expanded to provide residents with more convenient, safe and efficient domestic and overseas payment services.
UnionPay cards are the preferred choice for daily consumption of residents, and the growth rate of inter-bank transactions continues to be maintained. From the perspective of consumption structure, the 2016 UnionPay card transaction data shows that supermarkets and daily necessities are still the main expenditure areas for residents' daily consumption; service consumption has also become a key area for residents' consumption, such as catering, refueling passengers and hotels. As well as the proportion of expenditures in health care, education and other fields, they are all among the top in the UnionPay card transaction data.
The cloud flash payment mobile payment series products are fully launched. In 2016, China UnionPay United Commercial Bank, mobile phone manufacturers, telecom operators, etc. jointly released a number of “Cloud Flash Pay†mobile payment products, which were sought after by the market. The UnionPay QR code payment standard has also been launched recently, and the cloud flash payment product system will be further enriched.
The user experience continues to improve, and the breadth of the UnionPay network is further expanded. With the popularity of the UnionPay card small-value secret-free and visa-free service, the cardholder does not need to sign and transfer the designated merchant “cloud flash payment†below 300 yuan, and the payment is convenient and more secure. At the same time, the number of merchants, POS (card readers) and ATMs (detail machines) that can use UnionPay cards in the territory continued to grow, with year-on-year growth rates of 23.7%, 7.5% and 2.5% respectively; parking lots, buses, subways, rentals, food markets, etc. Daily consumption scenarios and small and micro businesses are increasingly supporting UnionPay's “cloud flash paymentâ€.
As for overseas use cards, as of the end of 2016, the global acceptance network of UnionPay cards has extended to 160 countries and regions, covering 19 million overseas merchants and over 1.3 million ATMs; UnionPay cards have issued more than 68 million copies in 40 countries and regions overseas. . While the acceptance network continues to improve, the cardholders' overseas card usage and cross-border service experience are more abundant. Not only can 400,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, Singapore and other places use the “Cloud Flash Pay†mobile phone payment, but also Through the cross-border marketing service platform “excellent planâ€, we can obtain overseas payment and positioning services, precise marketing and new consumption reduction experiences.
To promote economic and trade exchanges and international cooperation, UnionPay has made breakthroughs in promoting China's financial technology standards to “go globalâ€. In 2016, the Thai local transfer system TPN (Thai Payment Network), which was built with UnionPay technical standards, went online and issued more than 1.2 million UnionPay and TPN cards in cooperation with Bangkok Bank.
UnionPay also won the bid to become the sole provider of the Asian Payment Network (APN) cross-border chip card standard. It has signed standard licensing agreements with seven APN member institutions, Singapore, Thailand, Korea, Malaysia, Indonesia, Philippines, etc. The national mainstream transit network will use the UnionPay chip card standard as the technical standard for acceptance and card issuance services. In more than 60 countries and regions involved in the “Belt and Roadâ€, nearly 50 countries and regions have accepted UnionPay cards.
In terms of payment security, in 2016, the whole society, including the bank card industry, jointly cracked down on new types of crimes against telecommunication network fraud. UnionPay cardholders use card security more securely. The domestic bank card fraud rate is 2.95BP, which is consistently lower than the global. Average. In 2016, China UnionPay accumulatively investigated 13,000 cases and investigated suspicious funds of 90.3 billion yuan. The real estate transactions, goods and funds intercepted means to recover losses of 220 million yuan for all parties in the industry. China UnionPay will also promote the construction of the UnionPay card joint defense system through the cooperation with the State Administration for Industry and Commerce and the joint industrial institutions to ensure the cardholders' card environment is safer.
Summary: In 2016, our country issued a number of documents to prevent and combat cyber telecom fraud. In 2017, due to the impact of these documents, the breeding space for cyber telecom fraud will be minimized. Need to remind friends that in 2017, the network will be officially launched, Network and UnionPay will become the two gatekeepers of online payment and offline payment. The introduction of the network will directly constrain the current chaotic QR code payment market, and the entire QR code payment market will be completely reorganized and constrained. In Xiaobian's view, 2017 will be a year of paying for market breakthroughs, innovations and new students. Only in the formal market circulation system will the entire market have a future of development and sustainable development. I hope this information will help my friends.
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