Domestic payment newsletter! One year after Alipay's cancellation, Meituan's takeaway was paid by Xiaomi.

202 1.7.2 1 domestic payment industry information

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One year after Alipay's cancellation, Meituan's takeaway was paid by Xiaomi.

Recently, Meituan takeaway payment found that in addition to Meituan payment and WeChat payment, "Mifu" payment was quietly launched.

It is worth noting that at present, "Mi Pay" payment seems to only support Meituan takeaway payment, while Meituan optimization, movies/performances, mobile phone recharge and other services only support Meituan payment and WeChat payment.

According to public information, Mi Pay is a mobile payment method based on Tianxing Financial Wallet App (formerly Xiaomi Wallet App), which provides services for users based on Near Field Communication (NFC) or QR code (payment can be made without opening the App).

The main operator of Mi Pay is Fu Jie Ruitong Co., Ltd., and Fu Jie Ruitong is a payment license acquired by Xiaomi Group at the beginning of 20 16 for 600 million yuan.

On July 29, 2020, some users found that Meituan's monthly payment and bank card payment had priority, Alipay payment was no longer displayed, while WeChat payment and Apple Pay were still in the payment selection list.

In response to the US Mission's quiet cancellation of Alipay payment, late at night on July 29, Wang Xing, founder and CEO of the US Mission, said that Taobao did not support WeChat payment. Ali was an early investor in Meituan. At present, Ali still holds the shares of Meituan 1.48%, and Tencent holds more than 5%. Netizens teased that this time the US Mission and Ali's 1% "love" completely broke up.

As of today, Meituan will cancel Alipay payment for a whole year. However, judging from the existing payment interface of Meituan, it seems that Meituan does not intend to introduce new payment methods. This also means that third-party payments including Alipay and China UnionPay Express will miss the US Mission.

On April 26, the website of the State Administration of Market Supervision released a message saying that recently, the General Administration of Market Supervision filed an investigation into the suspected monopolistic behavior of Meituan according to the report. The ADR of Meituan immediately responded and fell more than 6% in early trading. Subsequently, the US Mission issued an announcement to respond that the company will actively cooperate with the regulatory authorities to investigate and strictly implement relevant regulations. At present, the company's business is all normal.

It is worth noting that before the US Mission was investigated by anti-monopoly, Ali suffered huge penalties for monopolistic behavior. On April 10, the State Administration of Market Supervision imposed an administrative penalty on Alibaba Group for implementing the "two-in-one" monopoly, and fined it182.28 million yuan.

Regrettably, there is no sign of reconciliation between the two giants who first encountered antitrust investigations. However, according to media reports, Ali and Tencent are expected to complete the "great reconciliation of the century." According to media reports, Ali and Tencent are considering opening their respective ecosystems to each other. At present, they are only in the initial stage, and there are not many detailed measures.

If Ali and Tencent can really complete the "great reconciliation of the century", it is not impossible for Ali and the US Mission to complete the reconciliation. After all, if Taobao supports WeChat payment, Meituan can't find a more sufficient reason to refuse Alipay.

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Analysys report: B-end enterprises pay to create the second growth curve

Recently, Analysys released "202 1 Special Analysis on Digital Development of Third Party Payment Market in China". The report pointed out that advanced technology has comprehensively helped the iterative upgrading of the payment industry, and the digital transformation market of small and medium-sized enterprises has great potential, and enterprise services will become the "second growth curve in recent days" for payment institutions.

The report pointed out that with the stabilization of domestic and global epidemic situation, it is expected that China's economic growth and residents' income will gradually return to a relatively normal development track in the future, thus promoting the further development of the third-party payment industry in China.

At the same time, the epidemic has greatly accelerated the online consumption of goods and services, deepened the penetration of online and offline integrated service models, and the change of consumption patterns has promoted the digital transformation of offline businesses from the demand side. A large number of small and medium-sized enterprises began to seek online and digital upgrades. Opportunity.

In the process of digital transformation in all walks of life, the digital empowerment of third-party payment institutions undoubtedly has great value and market imagination.

As the entrance of traffic, payment institutions can help enterprises to see their own situation more clearly in complex structural transactions, better adapt to the needs of rapid changes in the industrial chain, help merchant enterprises to realize informationization and digitalization with data drive, improve their production and operation efficiency, and provide an important starting point for enterprises to reduce costs and increase efficiency.

At the same time, payment can promote the coordination of industrial Internet scenarios by covering multiple scenarios, penetrate into the supply chain and financial chain of merchant enterprises, open up the capital flow, information flow and logistics of merchant enterprises, and drive the transformation and upgrading of business models of merchant enterprises.

Under the epidemic situation, the total digital economy in China will still achieve a positive nominal growth rate of 9.7% in 2020, far exceeding the GDP growth rate in China in 2020. The market share of third-party payment companies that have been digitally transformed in advance has begun to rise, and the demand for payment-related products and services has begun to explode. The "spring" of the B-side payment market has arrived.

As Fan Yifei, the deputy governor of the central bank, said before, from informationization and marketization to digitalization today, the payment industry is expected to usher in the next golden decade with leap-forward development, and digitalization will be the key driving force for the leap-forward development of the payment industry.

03

Guangdong's first CIPS cross-border RMB payment business successfully landed.

Guangdong's first cross-border RMB payment service handled by CIPS standard transceiver successfully landed.

The relevant person in charge of Guangzhou Branch of the People's Bank of China said: "The introduction of CIPS standard transceiver can enable enterprises to confirm the status of cross-border capital nodes in time, improve the efficiency of cross-border payment, reduce handling fees, reduce costs and increase efficiency, and facilitate enterprises to enter the' expressway' of cross-border RMB payment."

On July 19, Guangzhou Branch of the People's Bank of China instructed Guangdong Branch of Bank of Communications to successfully access the CIPS standard transceiver (Enterprise Edition) for TCL Technology Group Finance Company and TCL Industrial Holding Company, and the two companies handled cross-border remittance business of 43.9 million yuan and/Kloc-0.0 million yuan respectively to pay for imported raw materials, and successfully settled cross-border RMB funds by relying on the CIPS standard transceiver.

It is understood that this is the first batch of enterprises that use CIPS standard transceivers to carry out cross-border RMB payment business after the Guangzhou Branch of the People's Bank of China organized a promotion meeting on the application of financial data exchange standards in the field of cross-border RMB payment on July 6. It is reported that China Southern Airlines Group Finance Company and Zhuhai Fahua Group Finance Company have also completed the construction of CIPS standard transceiver application equipment.

CIPS standard transceiver is an innovative tool developed by cross-border clearing companies, which is deployed in banks and enterprises respectively, and the transceivers are interconnected to realize information interaction.

04

Bank of Communications was fined 4 1 10,000 yuan for 23 violations.

Recently, the Information Disclosure Form of Administrative Punishment of the Bank of China Insurance Regulatory Commission (No.28 [202 1]) published the Decision on Administrative Punishment of China Bank of Communications Co., Ltd.

According to the information disclosure form of administrative punishment of China Banking Regulatory Commission, Bank of Communications was fined 4 1 10,000 yuan for 23 illegal acts such as illegally issuing entrusted loans.

The illegal acts of Bank of Communications include the data of wealth management business is inconsistent with the facts, increasing government debt in violation of regulations, collecting commission from entrusted loan borrowers in violation of regulations, and realizing false reporting of non-performing assets.

In this regard, the Bank of China Insurance Regulatory Commission decided to impose an administrative penalty of 4 1 10,000 yuan on Bank of Communications in accordance with Articles 21 and 46 of the Banking Supervision Law of the People's Republic of China and relevant prudent operating rules.