A few years ago, it was very popular.
The basic logic of entering the customs is: after entering the customs, I have my own great Confucianism to debate the scriptures for me.
With the promotion of the 144-hour transit visa-free, the advantages of entering the customs are vividly reflected. The taste of the overseas version of "Yilin" and "Reader" is here.
The lies of the BBC and CNN on China's underworld filter have been completely broken by European and American self-media, and China has become one of the most popular tourist countries in the world because of safety, cleanliness and abundance. On YouTube, the popularity of the term 'China Tour' has reached 700 million.
Today, let's not talk about listed companies, let's talk about payments.
Attentive friends will find that there will be a very inconspicuous option for UnionPay when paying for WeChat Pay and Alipay.
In September 2021, the project in charge of Xingkong Jun was connected to this function for the first time, although this payment method did not bring any transaction volume, but it was a very positive and beneficial attempt, and it became a highlight project in UnionPay at that time.
Almost three years have passed, and now the interoperability of mobile payment has taken a step further: UnionPay can directly scan the WeChat payment code.
This means that users don't even need to own WeChat, they only need to have the UnionPay app to pay directly to the merchant.
The vast majority of Chinese will have WeChat Alipay, and they will feel that this feature is redundant, and the significance behind it is very significant: in China, any mobile payment method can be interconnected through Cloud QuickPass.
Many social platforms often discuss China's mobile payment, and there is no shortage of netizens who beautify mobile payment in developed countries. However, even in Japan, where mobile payment is more developed, their mobile payment is like this:
As much as there are genders in Europe and the United States.
In China, it is enough to install the UnionPay QuickPass app in position C.
Of course, this is not mainly for domestic users, but for international users, especially after the large-scale liberalization of the 144-hour visa-free policy, more and more international friends travel to China, and payment is a very key link.
First, the signal released by Yang Ma
In May, the official public account of Yang Ma suddenly released various language versions of the "Payment Guide in China", seeing these sudden information, Xingkong Jun knew that there must be a big chess behind him.
Because this number is perennial in this style:
The reason why I pay attention to this number is because Xingkong Jun usually checks the policies and regulations issued by Yang Ma...
In other countries, it is almost impossible to achieve interoperability between different payment institutions.
The reason is simple, there are huge interests involved.
It's a pity that Ant's listing attempt failed, if it can be successfully listed, Xingkong Jun can clearly check Alipay's annual handling fee from Ant's financial report.
Fortunately, Tencent went public, according to the annual report data disclosed by Tencent, the annual revenue of the financial technology business related to handling fees exceeded 200 billion yuan, most of which is the handling fee of WeChat payment.
How can such a considerable benefit be shared with others?
It's just that this is in China.
WeChat Pay (Tenpay), Alipay and China UnionPay have all become major shareholders of online payment, and all online payment businesses in China must be connected to online payment.
Xingkong Jun called it: reverse mixed reform.
Second, the release and management of the platform
马斯克有一句名言：Where is Jack Ma？
It has been ridiculed by many netizens for China's excessive regulation of capital, but this kind of regulation is necessary. In particular, the disorderly expansion of platform capital can have serious consequences.
On March 15, 2021, there was this passage at an important economic meeting:
The meeting pointed out that in recent years, the mainland's platform economy has developed rapidly, and its status and role in the overall economic and social development have become increasingly prominent. The platform economy is conducive to improving the efficiency of resource allocation in the whole society, accelerating the evolution of technological and industrial transformation in the direction of informatization, digitization and intelligence, helping to connect all links of the national economic cycle, and improving the level of intelligence, globalization, personalization and refinement of national governance.
The overall trend of the development of the platform economy in the mainland is good and the role is positive, but there are also some outstanding problems, such as the development of some platform enterprises is not standardized and there are risks, the development of the platform economy is not sufficient, there are shortcomings, and the problems of the regulatory system is not adaptable.
If you understand the sentence "the platform economy is conducive to improving the efficiency of resource allocation in the whole society", you will understand that blind anti-monopoly will not be split.
This has also brought new changes to the payment industry.
In particular, it is the impact of the collapse method to do aggregate payment. Although some banks assist merchants to engage in the collection code is still effective, but from the trend point of view, this method is completely replaced is the general trend, engaged in this area of entrepreneurship, there is no need to invest too much material resources and energy.
3. The most amazing financial institution: Wanshi Network
On February 11, 2020, the official website of the People's Bank of China showed that Mastercard and Netlink Information Technology (Beijing) Co., Ltd., a joint venture between MasterCard and Netlink Payment, was approved to prepare a bank card clearing institution.
Mastercard is one of the world's largest credit card payment institutions, and the establishment of Mastercard marks the fulfillment of China's commitment to the liberalization of the financial market when it joined the WTO.
However, the preparation of Wanshi Network has been more than 4 years.
On May 9, 2024, Masterlink announced its official opening.
Masterlink has cooperated with 16 banks to launch dozens of new "China MasterCard" bank card products, and is cooperating with banks and payment institutions to continuously improve the offline and online acceptance network and create an omni-channel bank card usage scenario for cardholders.
The first batch of Mastercard card issued a total of 22 banks, including 6 large state-owned commercial banks, a number of joint-stock banks and city commercial banks, in addition to rural commercial banks such as Shenzhen Rural Commercial Bank, and foreign banks such as Nanyang Commercial Bank. In terms of acquiring partners, Mastercard has a total of 21 acquiring partners in the first batch, including 9 banks and 12 third-party payment institutions such as UnionPay Commerce and Lakala Pay. In addition, Wanshi Netlink also disclosed the first batch of wallet cooperative institutions and cooperative merchants.
Zheng Xiaofei, CEO of Mastercard, said in his introduction to the company's business: "Through the domestic acquiring network expanded by Mastercard and its partners, combined with Mastercard's coverage of more than 130 million merchants overseas, the new 'China Mastercard' card will be able to meet the needs of cardholders in various scenarios at home and abroad, including binding and using on mainstream electronic payment platforms such as WeChat, Alipay, JD.com, and Meituan." At the same time, cardholders will also be able to enjoy exclusive benefits from the Mastercard brand and the issuing bank. ”
It is not difficult to imagine that Wanshi Internet will also be connected to UnionPay.