Payment Of New Regulations Cited Netizens Tucao E-Commerce Industry Is Very Worried.

In recent years, China's third party payment pactions have been rising rapidly.

If the draft is implemented in accordance with the draft, the ability to undertake banking online banking will also bring unprecedented challenges.

With the announcement of last month's (July 31st) draft of Internet payment, some of the capricious chop people feel very frustrated.

The draft is approved by "customer management".

Fifty-seven chapters of the seven chapters, including risk management and customer rights protection, supervision and management, and legal liability, have made detailed provisions on the network payment business of non bank payment institutions.

Among them, the third party paid a single customer's cumulative amount of no more than 5000 yuan per day, and the payment account required a variety of cross validation, which almost became the life gate of the third party payment company.

No accident, this regulation has aroused thousands of waves on the Internet, and countless netizens have been tucking up all night.

Of course, the most frustrating and most helpless is the third party payment company and the electronic business platform. The future of the whole industry seems to be shrouded in shadow.

In an interview with reporters, almost every platform and website did not make official statements at the weekend, but they all expressed their concerns. Once implemented, the method will seriously affect the daily life of consumers' online payment, and it will also hinder the industry's innovation and user experience, and even the regression of the industry.

An anonymous third party payment person said, "although the central bank said the 5000 yuan limit is misreading, but this regulation fundamentally changed the experience of consumers, but also raised the threshold of online payment. For large electricity providers, the difficulty of completing an order is greatly increased."

In addition, because the payment of more than 5000 yuan must be connected to the online banking platform, users can either finish by computer or jump over the quota.

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The majority of bank phone APP's current experience can not satisfy users. Perhaps this provision will also make Alipay and WeChat pay no effort in mobile payment.

Reporters interviewed one circle and realized that the company's concerns were nothing more than the following:

First, fast payment user experience regression.

In the draft, it is mentioned that in addition to the small payment business with a single amount of less than 200 yuan, as well as the regular and regular payment business paid by payer such as public utilities and tax payment, the payment institution shall not replace the bank for customer identity and paction verification.

All along, the fast payment function of WeChat and Alipay mobile phones has brought an excellent payment experience to users. Users can only get six digit password.

If the amount of a single payment exceeds 200 yuan, you need to go through the webpage version of U shield or

Only in order to pay for success.

That is to say, even if you send 201 red packets in WeChat, you will have to go to the online banking page in a tedious way. It is estimated that it will blow up a lot of enthusiasm for the red envelopes.

Two, offline mobile payment suffered a devastating blow.

Another payment platform personage said, now the big family likes to use fast payment, because the platform has not gone through the bank verification process, so the processing speed is very fast.

This is also the reason why mobile payment can rapidly expand online, such as supermarkets, convenience stores, hospitals and restaurants.

If more than 200 yuan of payment is to be verified by banks, it is necessary to increase the input of bank cards, insert U shield and verify SMS.

These tedious processes, coupled with unstable networks, will greatly reduce the efficiency of mobile payment.

Because impatient cashiers will never let you spend one or two minutes to pay.

To this end, users will have to return to the era of cash and credit card consumption.

Three, can banks provide the same services?

In recent years, China's third party payment pactions have been rising rapidly.

The US market research machine Strategy Analytics data show that in 2013, the number of Chinese users reached 1 billion 700 million times. In 2014, the number of Chinese users reached 4 billion 500 million times, equivalent to about 12300000 of the average daily pactions.

The foregoing people believe that if the draft is implemented in accordance with the draft, the ability to undertake bank online banking will also bring unprecedented challenges.

Taking Alibaba double eleven as an example last year, according to the official data released by ant gold service, Alipay accounted for 56.9% of "fast payment", accounting for 0.7% of "net banking payment", accounting for 57.6% of the total.

The challenges of the peak trading day and the pressure brought by the total paction volume to the IT system were jointly completed by Alipay and the bank. In other words, Alipay helped the banks bear a great deal of pressure.

Four, raise the threshold of large online shopping.

In July 18th, the central bank issued the guidance on promoting the healthy development of Internet finance. It has said that Internet payment should always adhere to the development of service e-commerce and provide the purpose of providing small, fast and convenient small and micro payment services for the community.

However, it seems that the first thing that will be affected will be the price of the electronic business platform with a price of more than 5000 yuan.

Temple library network CEO Li day study in an interview with reporters once said that ordinary users will not actually continue to buy luxury goods, which leads to luxury website user price is very high, the average can reach only 5000 yuan.

"Luxury goods are difficult to generate electricity providers, like other electronic business platforms. There are several times the number of outbursts. It is subject to too many objective constraints, such as whether the network payment is smooth or not."

Another unnamed cross-border e-commerce platform leader admitted that if the central bank's new policy is really implemented, there may be some adjustment to the commodity category on the platform.

"I hope this is a rumor, because it will have a great impact on our user experience."

Five, to open the payment account to the neighborhood committee?

The above worries may be the worst outcome, and raising the threshold of new payment accounts is undoubtedly a continuation of the third party payment which is still at the stage of popularization.

The sixteenth provision of the measures stipulates that if a payment institution opens an account to an individual, if it is a consumer account, it needs three institutions to make authentication for users. If it is an integrated account with financial functions, five institutions need to be verified.

According to the insiders, the identity authentication here is not a security means such as passwords, but a public security, taxation, business, bank, educational institution, neighborhood committee and other institutions that can prove your identity.

For example, users upload ID cards, payment agencies can verify by public security network, to prove that you are you, or, users bind the bank card, because the bank card is a real name system, so checking the bank card information can also prove that you are you.

At present, Alipay and WeChat pay are only using these two external channels to prove that you are you.

If this method is really implemented, new users will have to pay their accounts. They may also upload a series of diploma education, tax certificates, account books, passports and so on. If they do not collect five items, it will be difficult for them to open accounts.

Even if the users actually upload these materials, the Ministry of education, the industry and Commerce Bureau, the finance and Taxation Bureau and so on have not been able to seamlessly connect with the company.

A payment company insider sighed, "estimated that the company will also send a lot of manpower to do manual audit at the time, for users hundreds of millions of platforms, such workload is unthinkable."

Obviously, the third party payment company must have had a bad weekend.

The central bank has clarified today that it only limits the payment of the balance, and that the amount of online shopping through the third party payment can meet the vast majority of consumer demand.

However, the central bank has not yet responded to questions about whether the regulation is operational.