On 20 March this year, ITU issued article No. 42 urging third-party payment institutions to access Internet channels, and stipulated that by June 30, all direct connections between third-party payment institutions and banks would be cut off. After that, banks will no longer provide withholding channels for third-party payment institutions alone.
Mobile payment software such as Alipay and social app changes, you use mobile payment consumption will become this, if you buy a $100 shoes online, when you click to pay, Orders to pay are also sent to Netlink from third-party payment software such as social app or Alipay, which reviews and records payment orders and sends them to their banks. The bank makes the withholding order and forwards it to Netlink, which reviews the record again, then transfers the order to third-party payment software such as Alipay or social app, and then Alipay or social app tells you that payment is successful. There will be central bank surveillance behind this period.
Its essence is to insert a link, or bridge, between bank card payments and third-party payments, which can also be called a company that has shares in Alipay and social app. There are advantages and disadvantages for such a third-party payment platform or Internet finance company, but generally speaking, for our average consumer, the advantages outweigh the disadvantages.
After the changes, the payment process looked very troublesome. In fact, the speed of payment was the same as that of normal payments. The central bank's intervention resolved the conflict between third-party payments and the banks, and also reduced the pressure on Alipay and social app. Third-party payments are becoming more and more secure and regular. Recently, Alipay also cooperated with the public security system in some cities. If the user you transfer belongs to the public security register, the transfer will be interrupted. Moreover, the public security can also get the position of illegal elements, which will also greatly reduce the illegal elements and cyber scams in Alipay. Last year, there were many bad guys with tuition fees, and after that, the money could not be recovered. But this time Alipay will review these bad personnel, transfer will remind you that the other party has bad records, and so on, you can see that Ma Yun for the safety of the people's property can be said to be a broken heart.
For ordinary users, there will not be much change. Users can still use a third-party platform to make payments, but if the balance of the account is insufficient, the payment will skip to the bank payment page and use the bank payment via the Internet, which is a little less convenient than the direct payment in the past. However, the security of the user's third-party account will be greatly improved.