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Personal code ban, Ant Financial, WeChat Pay, and fourth-party payment. Who is the winner? _WeChat Alipay payment code cannot be used for business collection_Alipay WeChat payment code cannot be used by individuals? Fake_Barcode

Original title: Who is the final winner of Ant Financial, WeChat Pay, and Fourth Party Payment?

In the past two days, a constantly reversing news pushed Ant Financial and WeChat Pay to the forefront again. After a message that “WeChat Alipay will not be used for business collection” was forwarded by dozens of media, the rumors were dismissed.

On the morning of the 26th, a topic “WeChat Alipay will not be used for business collection” rushed to the hot search and was forwarded by 68 media, but it was later proved that the content of the forwarding was misunderstood. In the afternoon, a piece of refuting news was also topped by hot searches.

The main controversy comes from the four requirements in the “Notice of the People’s Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Business” issued by the People’s Bank of China on October 13, 2021:

In order to better utilize the inclusiveness and convenience of the payment barcode under the premise of preventing risks,

The “Notice” puts forward the following targeted requirements. One is to refer to the management of special merchants for personal payment barcode users with obvious business characteristics, and require payment barcodes for such individual users to improve the quality of acquiring services for individual operators. The second is to require personal static payment barcodes to be used in remote non-face-to-face payment collections in principle, and it is indeed necessary to implement whitelist management to prevent personal static payment barcodes from being sold, rented, or lent to build online recharge channels for gambling activities . The third is to refer to the relevant requirements of personal static collection barcodes for personal dynamic collection barcodes saved through screenshots, downloads, etc., to prevent criminals from using personal dynamic collection barcodes to circumvent policy requirements. Fourth, it is required to carefully determine the access conditions and scale of the whitelist of personal static collection barcodes, the validity period, the number of uses and transaction limits of the personal static collection barcodes, to prevent the risk of whitelist abuse.

The beginning of the rumors was the second point. At first, it was interpreted as the personal code could not be collected. The paradox is that Ant Financial and WeChat Pay, the two largest digital payment platforms in China, did not publicly speak for notifications, so it triggered Outside speculation has even triggered a rise in the prices of related fourth-party payment service providers and payment concept stocks in the stock market.

The mainstream view is that: 1. It is conducive to fourth-party payment. After the release of the new regulations, merchants and institutions must upgrade their collection systems, purchase equipment, access channels, etc. During this process, companies such as fourth-party payment services will receive More business. 2. After the new regulations are released, merchants and institutions will have to upgrade their collection systems, purchase equipment, access channels, etc. In the process, companies such as Lakala will gain more business. 3. Facilitate supervision and prevent tax evasion. 4. There will be an impact on Ant Financial and WeChat Pay. 5. Small and medium businesses will face an upgrade, which will affect roadside stalls.

In fact, the second point of the notice is very clear, mainly to combat illegal crimes, because there is a way to circumvent the policy through remote scan code payment. In fact, this kind of situation is not uncommon in the online world. When many of them leave the payment platform and pay directly with the payment code, the system will prompt because it is directly credited to the account.

The most important thing is: the setting of the payment code itself is not for remote payment. It is inferred from common sense that in scenarios where QR code scanning is required to pay, in addition to business scenarios, the personal scanning code process is a face-to-face process, and this is a super low frequency probability. You can imagine yourself and the people around you. Do you have more transfer functions through Alipay? Or do you often scan a personal collection code of unknown origin to transfer money?

Obviously from the logic of the personal collection code, the trust of face-to-face transactions is greater than that of remote payment itself, and the probability of the collection code to collect money is very small, which also means that if it is an operating collection, through the collection code , The payment platform can be distinguished by monitoring: Zhang San receives dozens of transfers of collection codes with variable amounts almost every day, and the source is local or other. For the era of big data, this is not a problem. The problem is that criminals took advantage of the loopholes that can scan codes remotely and took advantage of the loopholes.

Therefore, the requirement of notification is to strengthen remote supervision and increase specific usage restrictions. However, considering that under normal circumstances, most ordinary people’s payment codes are mostly silent in the multi-level menu, which will not cause too much use in terms of use. Big impact.

The impact on merchants?Yes, but not big

Many enthusiasts are worried about two points. Can roadside stalls be able to scan codes in the future? Are you investigating tax evasion?

I think it is necessary to worry. First of all, with the development of society, even individuals or self-employed individuals should support the national tax policy. Reasonable tax avoidance is possible, but tax evasion is not acceptable.

In summary, there are three impacts:

1. The personal static collection code cannot be used for non-face-to-face collection, and cannot be used for remote collection; if there is a need for non-face-to-face and remote collection, you can apply for a whitelist, and the whitelist has corresponding restrictions.

2. Personal dynamic collection code, if downloaded and saved through screenshots, it will be treated as a static code for management.

3. If the personal static collection code has business characteristics, it must be upgraded from individual to merchant. This depends on the solution provided by the WeChat Alipay platform to guide.

From a more macro perspective, whether it is supply-side reforms or current hot discussions crossing the economic cycle, considering China’s actual national conditions, what we need is a vibrant market, and small and medium-sized merchants are important to make up this fresh food market. As the component part, governing a big country is like cooking small fresh produce. To maintain the vitality of microeconomic activities, proper supervision will have a reasonable scale. The benefit of digital payment is that it facilitates the supervision of data. It is inevitable that normal business activities are supervised, and there are reasonable exemptions for tax collection. Therefore, there is no need to over-interpret it in terms of strict tax management.

Regarding the whitelist, the notice also stated clearly that those who have business activities must be included in the whitelist. In layman’s terms, small businesses must also become merchants, but all payments, including special merchants of the bank itself, have Reasonable mechanism. From the perspective of social development, today’s roadside stalls, even those operating in small cities, have at least one self-employed license. It is not difficult to pass the verification of the platform merchants. If the personal collection code is monitored for business behavior, It is an inevitable process to upgrade to a merchant. This process will not be difficult. It depends on the solution of the platform and the channel is now available. It is not difficult, and it will not leave small and medium businesses with nowhere to go.

As for those vendors who operate without a license? First of all, this kind of people exists objectively, which can be understood from the perspective of seeking advantages and avoiding disadvantages, but from the perspective of social development, operating in accordance with regulations should be encouraged. Since the personal collection code is restricted, it seems that various payment friend transfer and red envelope functions can still be used, but it does not rule out the possibility of being discovered and restricted by big data.

Is it good for fourth-party service providers such as POS machines?

When the first rumor came out, the most excited were the fourth-party service providers. Here, we need to make it clear that the essence of the personal collection code is the collection code, not the aggregate code. The aggregation code is the service provided by the fourth-party payment. Usually, this type of service provider provides multi-platform payment through the aggregation code and collects fees from it.

It’s difficult to understand why the personal code upgrade involves upgrading. After the new regulations are released, merchants and institutions have to upgrade their collection systems, purchase equipment, access channels, etc. This is more puzzling, and it’s a code scan. Do you want to upgrade your phone? Or does the Ant Financial and WeChat payment platforms do not have the ability to review individual users to upgrade to the whitelist of merchants, and need to change their hardware? ? ?

From this point of view, it is better to regard the continuous reversal of recent messages as a spiritual feast for fourth-party service companies. In the digital transformation based on payment, mobile payment was once known as the fifth invention, although regulatory requirements continue to increase , But it cannot be denied its role in improving payment security and efficiency. It is precisely the fourth-party payment service providers that are subverted.

On the contrary, there are a lot of gray areas and risks hidden in the fourth-party service with handheld POS machines. However, the constant reversal of public opinion ultimately benefits them: the stocks have risen, and the ordinary roads that are not familiar with the Internet As far as the small and medium-sized merchants at the side stall are concerned, the intimidation of some rumors may become a major benefit for dividing Ant Financial and WeChat Pay users, right?

Some people think that it is beneficial to promote the digital renminbi. From the perspective of user habits, it may take time.

In the final analysis, there is no need to over-interpret this notice. The impact on everyone is not great.Return to Sohu to see more

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