Secret Battle 24 Billion Market Share Unionpay To Limit The Third Party Payment

The relationship between < p > a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107105" > UnionPay < /a > and third party payment has always been subtle.

Yesterday, UnionPay in the board of directors of a "unified" bill, let the war between the two sides more flavor.

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< p > in last month's board of directors of UnionPay, the UnionPay launched the motion on Further Regulating non-financial Payment institutions' UnionPay card pactions to safeguard the interests of members' banks and UnionPay. It urged all member banks to act in a unified way, and gradually pferred the non-financial institutions' UnionPay card pactions to the UnionPay network. For the first time, the time node for achieving the goal was clearly put forward - before July 1, 2014.

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< p > industry estimates indicate that if the UnionPay really wishes to incorporate third party payments, according to the estimated 8 trillion pactions in 2014, the increase will be at least 24 billion.

However, in the interview, including banks and third party payment enterprises, they believed that there was little possibility for the union to achieve full incorporation.

But the small third party payment enterprise will be in the future to the UnionPay.

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< p > Silver Lenovo dominates the world. < /p >

< p > "if the UnionPay is successful, then China's < a href=" http://news.sjfzxm.com/news/list.aspx Classid=101112107107 "> third party payment" /a > enterprise will die half. "

Yesterday, a large third party payment company marketing department stakeholders told reporters in an interview with Nandu, the motion launched by UnionPay has a great impact on the third party payment industry.

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< p > Nandu journalists obtained the motion from a third party payment company.

Judging from the motion, the China UnionPay is urging the member banks to act in a unified way and gradually migrate the non gold institutions' UnionPay card pactions to the UnionPay network. For the first time, the time node to achieve the goal is clearly put forward - before July 1, 2014.

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< p > the head of a third party payment company told the Nandu reporter that the motion was put forward by the UnionPay on the six Board of directors of the four Confederation of China in from July 24th to 25th.

The Nandu reporters saw that the motion appeared to be very strong. It was put forward that "before December 31, 2013, the pfer of UnionPay card pactions under the non gold institutions will be completed in an all-round way, and the unified pfer of the UnionPay should be carried out on a unified basis to synchronize the payment of the Internet UnionPay card."

"Before July 1, 2014, we realized the full access of the non gold institutions Internet UnionPay card pactions to the UnionPay."

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< p > "this means that the UnionPay should incorporate the current third party payment enterprises to achieve unification."

The above third party payment company marketing department said.

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< p > the reporter saw from the bill that in order to achieve the above goal of "dominating the whole world", the UnionPay made specific work steps in this motion, including "from September 2013 onwards, the member banks stopped the new payment interface to the non gold institutions, and no more cash card withdrawals, pfers, Authorisation and other Confederation card businesses were added on the stock interface." before the end of 2013, the UnionPay card pactions under the non gold institutions were linked to the UnionPay network in a linked or direct connection mode, and the commercial banks no longer reserved their offline trading channels with the non gold institutions UnionPay card.

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< p > in addition, in order to urge the major banks to cooperate with the UnionPay, the motion proposes that the special working group of the non gold institutions should be established jointly by the UnionPay and the member banks, and that the Convention should be established by the "UnionPay" and the members of the board of directors of the board of directors and members of the board of directors.

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< p > "UnionPay has interviewed a number of banks and third party payment agencies and lobbied them to join the banking system."

The large third party payment market stakeholders told reporters that the UnionPay has begun to take action, but they have not yet received the official notice of UnionPay and bank.

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< p > dispute on handling fees < /p >

< p > for the purpose of the plan, the UnionPay pointed out in the motion that "the non gold institutions and the commercial banks are directly linked to the bank to carry out a large number of illegal payment and other businesses, which seriously damage the commercial interests and brand interests of the commercial banks and the UnionPay.

Some non gold institutions also rely on the large number of customer data that Internet e-commerce has grasped, rapidly infiltrating into the financial field, shaking the bank's leading power to customers, and gradually forming a larger impact on < a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107108" > traditional banking business < /a >.

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< p > however, in the view of the third party payment industry, interest is the main reason for the Unionpay's determination to "rule the whole world".

"The development of the third party payment has threatened the interests of the UnionPay."

A Shanghai third party payment company official told reporters in Nandu that before the emergence of the third party payment, the traditional acquirer market had been two points between the Union and the bank.

But with the development of e-commerce, most of online payment is directly connected by the third party payment enterprises and banks, and the UnionPay has lost the online payment market.

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< p > a market for the third party payment enterprises, which is mainly paid offline, revealed to the south that according to the central bank's stipulation, each card's handling fee is divided by the issuing bank, the receiving bank and the UnionPay according to the "721" ratio.

However, with the rapid rise of the third party payment, most of the online businesses of the payment companies have not gone through the UnionPay channel, and the offline acquiring business has begun to connect directly with banks, which makes the UnionPay aware of the serious problems.

"If there is no UnionPay, the issuing bank and the receiving bank will be divided into 7:3."

These people believe that the main source of income of the UnionPay is still channel costs. The rise of the third party poses a huge challenge to its income.

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< p > in addition, in the 17 article published last year by the UnionPay to its members, the UnionPay said that the actual fee rate charged by the non gold institutions to the main member banks was about 0.1%, which was much lower than the 0.3%-0.55% price level in the UnionPay network.

According to this preliminary estimate, the annual handling cost of the main member banks is more than 3 billion yuan.

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