UnionPay, Alipay Double 11 "crossfire": Whose cheese has been moved in those years?

This year's double 11, in the Chinese payment market, the Alipay and China UnionPay, which have been fighting for many years, are on the same stage. At present, Alipay is the leader of online payment, and online card spending, all bank cards that can be settled in RMB, have the "China UnionPay" logo.

The latest "you come to me" is due to the unsuccessful payment of some orders for the double 11 zero Tmall Mall. Some netizens reported that there were a lot of prompts for "UnionPay is error, build UnionPay order fail..." in the Tmall client.

On the morning of November 11, the netizen "Nie Mou Ren" published an article entitled "Alipay, this pot of UnionPay does not back" on its WeChat public account, and said, "This is a double eleven Alipay to UnionPay. pit". This article, which was issued at 8 o'clock in the morning, quickly broke through "100000+".

In the face of netizens' hot discussion, at noon on November 11, Alipay issued a solemn apology in its official Weibo in an easy tone, saying that the above English tips are the error codes defined by Taobao engineers themselves. "Consolidated payment failed, failed to create a consolidated payment order."

This time, China UnionPay is not willing to suffer from squandering and stand up to defend its brand image.

Shortly after Alipay issued a statement, China UnionPay said that Tmall has not yet connected to the UnionPay network and has no cooperative relationship with China UnionPay. Since the early morning of November 11, the UnionPay network has been operating stably and everything is normal. The above error has nothing to do with the UnionPay network.

In the current online payment market, third-party payment can be compared to the offline payment system. At present, online payment is a free market. Payment institutions can choose to transfer to the bank through UnionPay, the central bank's inter-bank clearing system, etc., or they can choose directly. Directly complete the transaction with the issuing bank and will not pass the UnionPay network. Alipay uses the latter.

Alipay and UnionPay staged this big show on the day of the Double 11 also hinted that no one will pay a concession in the payment market for Alipay and UnionPay, which have been fighting for many years. More importantly, the third-party payment represented by Alipay is currently widely adopted as a direct banking model, which will be suspended and replaced with the establishment of the network platform.

At present, the central bank is guiding the China Payment and Clearing Association to organize payment institutions to jointly initiate the establishment of a network payment clearing platform for non-bank payment institutions. In accordance with the “Implementation Plan for the Special Rehabilitation of Non-Bank Payment Institutions” issued by the People’s Bank of China and other ministries and commissions on April 14, the payment agency’s cross-bank payment business must be carried out through the People’s Bank’s inter-bank clearing system or a legally qualified clearing institution. It is stipulated that after the platform is established, the business carried out by the payment institution and the bank's long-term connection should all be transferred to the platform for processing.

Although some details of the network platform have not yet surfaced, the payment mechanism bypasses the clearing house and directly connects with the bank to complete the payment and liquidation mode, which is gradually banned.

About UnionPay VS Alipay, everything you want to know is here.

Prior to the emergence of third-party payment institutions, UnionPay, established in 2002, has been the only transaction clearing organization for RMB payment cards issued in China. Around 2005, China’s third-party payment institutions began to develop, and Alipay and Tenpay were appearing one after another. From 2004 to 2010, it was the rapid development of Alipay and China UnionPay for six years.

In 2010, the third-party payment institution headed by Alipay introduced the bank card quick payment that is now widely used, and shielded the online banking interface from the customer's payment process. This is called “Alipay” by Peng Lei, the chairman of Ant Financial Service. The innovation of one of the four major landmark events in the history of development, third-party payment has ushered in a new period of development.

On May 26, 2011, after six years of brewing, Alipay and Tenpay received the first batch of “payment business licenses”, commonly known as third-party payment licenses, and became regular troops.

On the other hand, China UnionPay also began its own marketization. In 2013, the central bank announced the abolition of five networked general documents, which marked the complete cancellation of the policy protection of UnionPay. UnionPay entered the current president of Wenchao. In the "naked swimming" era, "the days of lying and making money are gone forever."

On the morning of August 27, 2013, Alipay put the dispute between the third-party payment institution and China UnionPay on the table through a sentence of its official Weibo: Alipay will stop all offline POS business for some well-known reasons. . Prior to this, UnionPay offered a series of measures to regulate the UnionPay card business of non-financial payment institutions.

In March 2014, the two-dimensional code payment developed by Alipay and WeChat was suspended by the central bank. The central bank payment and settlement division issued a separate opinion to Alipay and Tenpay to suspend its offline barcode (two-dimensional code) payment. The letter, the red-handed merchants receive the QR code on the machine, and the customer uses the QR code of the mobile phone to scan the code to pay the dumb fire. At that time, there was a voice that believed that this was in the interest of maintaining UnionPay.

On October 29, 2014, the State Council held an executive meeting and decided to release the bank card clearing market. Eligible domestic and foreign-funded enterprises can apply to set up bank card clearing institutions in China. On April 22, 2015, the “Decision of the State Council on Implementing the Admission Management of Bank Card Clearing Organizations” was released. The bank card clearing market in China was officially opened. Alipay was once regarded as a potential applicant. In June 2016, the People's Bank of China and the China Banking Regulatory Commission issued the “Administrative Measures for Bank Card Clearing Agencies” to further clarify the details of the establishment of bank card clearing institutions.

In 2014, with the help of the double 12, Alipay returned to the offline payment market, and by changing the scanning method of the QR code payment, the merchants were asked to scan the barcode generated by the consumer Alipay wallet. This new two-scan code payment also Obtained the acquiescence of supervision. Subsequently, Alipay and WeChat paid the online market to expand rapidly.

In February 2016, China UnionPay and Apple jointly launched Apple Pay (Apple Pay), using NFC near field communication technology, UnionPay also expects to use Apple Pay (Apple Pay) and subsequent Samsung Pay Pay technology, such as cloud pay technology, in mobile payment The market is turning around.