Mobile payments are growing fast to be alert to hidden traps behind QR codes
Core Tip: Today, mobile phone scan code payment has penetrated into every corner of life. Scanning machines or QR codes can be seen from supermarkets, chain restaurants, taxi rentals, and roadside pancake stalls. Recently, the mobile phone scan code launched by UnionPay United Bank launched bank cash withdrawal and value-added services on the basis of consumption and transfer, realizing the unification of consumption, transfer and cash withdrawal. However, experts warn that while mobile payments are growing rapidly, they need to be alert to the trap behind them.
SHANGHAI (CNFIN.COM / XINHUA08.COM) - Today, mobile phone scanning code payment has penetrated into every corner of life. Scanning machines or QR codes can be seen from supermarkets, chain restaurants, taxi rentals, and roadside pancake stalls. Recently, the mobile phone scan code launched by UnionPay United Bank launched bank cash withdrawal and value-added services on the basis of consumption and transfer, realizing the unification of consumption, transfer and cash withdrawal. However, experts warn that while mobile payments are growing rapidly, they need to be alert to the trap behind them.
“Two-dimensional code is very convenient to collect money. If you sweep it, you can directly make a payment. You don’t have to find change. Sometimes there are promotions or promotion subsidies, which are much cheaper than cash payment.†Ms. Li, who is paying in a convenience store in Shanghai, told me. reporter.
Scanning code payment has become an important way of mobile payment. According to data released by the People's Bank of China recently, in 2016, a total of 125.11 billion non-cash payment services were handled nationwide, amounting to 3,687.24 trillion yuan. Among them, mobile payment maintained a rapid growth momentum, and the number of business and the amount of business increased by 85.82% and 45.59% respectively.
At the same time, with the continuous coverage of daily consumption scenarios by third-party payment institutions such as Alipay, WeChat payment, Baidu wallet, etc., in 2016, non-bank payment institutions accumulated 163.902 billion online payment services, amounting to 99.27 trillion yuan, an increase of 99.53% year-on-year. And 100.65%.
Emerging mobile payment institutions are also constantly expanding their borders. UnionPay has previously launched a “cloud flash payment†method to “recover lost ground†at home and abroad.
The reporter learned that China UnionPay is working with banks to expand the field of QR code payment and incorporate it into the “cloud flash payment†system. The company plans to implement online scan code at two million merchants and 17 national commercial banks by the end of May. This is also to make up for its lack of high-end users in the use of NFC, while making up for its lack of online micropayments.
The characteristics of the UnionPay QR code payment service are technically safer, better control of risk control, and common international and domestic. It is reported that UnionPay has discussed cooperation with relevant institutions in the Asian market.
Li Zheng, senior manager of the network business team of the Bank of China Internet Finance Department, said that the cooperation between the bank and UnionPay in scanning code can establish a unified standard. Just like POS card swiping and NFC flash payment, it can solve the cross-bank general problem and take into account different customers. Groups perform differentiated services. The international “quadruple model†based on issuing banks, clearing houses, acquiring banks and merchants not only solves the problem of depositing funds in third parties, but also ensures that consumption is safer, and more value-added services can be superimposed.
"In addition to the introduction of personal payment (transfer), main sweep, and sweeping consumption, UnionPay scan code will also introduce ATM machine cash withdrawal function." Zhou Xun, product manager of China UnionPay QR code special work team, told reporters that this June Before the bank ATM machine will launch the QR code, any bank's APP can extract cash by scanning code, which truly realizes the unified consumption, transfer and cash withdrawal of mobile terminals.
While scanning code payment is becoming more and more popular, risks are also accompanied. Because the QR code is close to people's life, and the concealment of information makes the user unable to distinguish the authenticity and security of the information, it is easy to be used for fraud.
The recent incident of shared bicycle scan code being maliciously transferred also exposed this problem. The reason is that some of the shared bicycle QR codes are covered by the "cottage" QR code.
Haitao, assistant general manager of China UnionPay QR code special work team, reminded that there is a certain risk in scanning code payment. Consumers may encounter fake QR code when using the main sweep mode, which may contain Trojans. Phishing websites threaten people's property security.
In addition, the current aggregate payment on the market combines the two-dimensional codes of WeChat, Alipay and other institutions into one, and there are also huge risks.
Haitao said that many of the aggregate payments are those that do not have a license, using the name of technological innovation and the "Internet +" gimmick to break through the regulatory red line. Because it is not a formal acquiring institution, it involves the second liquidation of funds. After scanning the code, the funds do not enter the merchant but go to the third-party aggregation organization, and the risk of depositing funds is very high. This is why UnionPay is more cautious about aggregate payments.
UnionPay hopes to cooperate with banks and industry parties, including mobile payment peers, to promote the orderly development of the industry and create a healthy and green market environment.
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