station network (www.admin5.com) August 28th morning news, Alipay yesterday through the official micro-blog said, "for some reason as everyone knows, Alipay will stop all the line POS (point of sale, multifunctional payment terminal business). On the original cooperative businesses we will properly handle the business will not affect the normal business. This brings inconvenience to users and partners, we apologize. But in the exploration of payment innovation, we will never stop.
it is understood that Alipay launched last year POS logistics strategy. Including two major content, namely the logistics POS payment program and electricity supplier logistics payment system investment. The logistics POS payment scheme launched by Alipay, the Alipay POS terminal equipment into conformity with the manifest credit card information management functions, can realize the electricity supplier COD (cash on delivery), real-time funds and logistics information. The Alipay announced to stop all the line POS business actually declared the end of the strategy.
no further explanation, but according to industry analysts, "as everyone knows the reason" in fact origin recently cup on the board of directors meeting a bill. The motion revealed that before July 1, 2014, the gradual transfer of UnionPay UnionPay credit card business transactions to UnionPay network. This means that China UnionPay officially began with the third party payment for direct market. According to industry sources close to UnionPay payment, Alipay stopped POS service is not only because the cup pressure. "After the trading line, POS is not the mainstream, Alipay stop the line POS business, not just" as everyone knows "reasons, is also related to their adjustment scheme." A payment industry sources said. Therefore, in the background of the cup want to incorporate this time, Alipay stopped POS business, more like a "silent protest".
however, in the outside world, the fundamental reason lies in the incorporation of competing interests, the game between China UnionPay and banks, the third party payment company. UnionPay was established in 2002, is a commercial bank to provide interbank transactions clearing, bank card organization to facilitate the payment of bank cards, the main source of income is the channel costs. After the rise of the third party payment mechanism, the profit model of the union was a certain degree of impact. UnionPay as China’s bank card organization, itself and the third party payment companies do not have a direct competitive relationship, but its UnionPay business, UnionPay online and third party payment institutions exist competition. UnionPay advantage lies in the line POS acquiring, comprehensive payment transaction size, the third party payment company advantage lies in the field of online payment. From the bank point of view, the third party payment and bank cooperation, the third party payment company is the bank’s customers. UnionPay is now equal to grab customers in the bank, the bank may be positive, an anonymous payment company CEO said.
stop the line POS business in the future how to deal with? Alipay said in an interview.