1 The amount of UnionPay network transfer transactions in 2018 reached 120.4 trillion yuan
China UnionPay recently released the latest transaction data. In 2018, the amount of UnionPay network transfer transactions exceeded one billion for the first time, reaching 120.4 trillion yuan, a year-on-year increase of 28.1%. In addition, less than a year after its release, the cumulative number of registered users of the Cloud QuickPass APP exceeded 100 million and has now reached 120 million.
Currently, the UnionPay APP supports the debit card balance inquiry function of 275 banks and the credit card bill inquiry function of 116 banks, becoming a veritable unified portal for mobile payment in the banking industry.
2 Zhou Qiang: In the past three years, a total of 3.51 million dishonest persons subject to execution have fulfilled their obligations.
On January 22, the World Enforcement Conference was held in Shanghai. Zhou Qiang, President of the Supreme People's Court, delivered a special speech at the meeting. He said that in the past three years, the Supreme People's Court has restricted the persons subject to execution of dishonesty from holding specific positions, traveling, buying houses, investing, bidding, etc., so that the persons subject to execution for dishonesty have "broken their trust in one place and are restricted everywhere." So far, a total of more than 3.51 million people have voluntarily fulfilled their obligations under pressure.
The Supreme People's Court of China has established a "head-to-head" online investigation and control system, which is connected to 16 units including the Ministry of Public Security, the Ministry of Civil Affairs, and the Ministry of Natural Resources, and more than 3,900 banking financial institutions, basically realizing the "one-stop sweep" of the main forms of property of persons subject to execution.
3 Boshi, Cathay Pacific and others have suspended the use of some payment channels of Tonglian Payment
It is reported that recently Boshi Fund , Donghai Fund, ICBC Credit Suisse Fund, Cathay Fund, etc. have issued notices of suspending some electronic self-service transactions of Tonglian payment channels.
Recently the Shanghai Securities Regulatory Bureau issued the "Notice on Issues Found in the Daily Supervision of Asset Management Institutions in the Jurisdiction in 2018" (hereinafter referred to as the "Notice"). The notice stated that some fund companies did not disclose the subject of fund sales services and investment risks to investors when they cooperated with Internet institutions to carry out Internet sales of money market funds. In the process of individual fund companies cooperating with non-bank payment institutions to carry out fund sales payment and settlement services, non-bank payment institutions sometimes carry out fund sales operations such as publicity and promotion, share issuance, subscription and redemption, etc. in disguise.
4 Shanghai Banking and Insurance Regulatory Commission re-investigates the issue of excessive credit card extensions
Economic Observer Network reporters exclusively learned that the Shanghai Banking and Insurance Regulatory Bureau will re-investigate the issue of excessive credit card extensions from August 24 to October 15, 2018. , conducted an audit and investigation on the implementation of credit card "rigid deduction" regulatory requirements of 19 major card-issuing banks within its jurisdiction, and issued a results notification on December 25, reminding some banks that there are many problems in credit card credit management and total credit limit risk control.
The so-called "rigid deduction" means that when banks grant credit lines to credit card holders, they must deduct the lines already obtained from other banks. For example, if the bank approves a credit card user's credit limit of 80,000 yuan, and if the customer has a credit card credit limit of 60,000 yuan in another bank, the maximum credit limit granted by that bank when applying for a new card is 20,000 yuan.
5 China UnionPay cooperates with Anhui Rural Credit Cooperatives
On the morning of January 22, China UnionPay and Anhui Rural Credit Cooperatives jointly signed a strategic cooperation agreement.
According to the agreement, the two parties will carry out in-depth cooperation in seven aspects including UnionPay card issuance and product rights, acceptance environment construction, mobile payment field, innovation field (big data, application innovation, risk control value-added products, etc.), rural inclusive finance, agency collection and payment, and joint marketing. In the next step, the two parties will jointly explore the in-depth promotion of UnionPay payment products such as UnionPay APP, UnionPay QR code, and mobile QuickPass in secondary cities and lower markets in Anhui Province.
Currently, China UnionPay has expanded to more than 2 million rural QuickPass users and nearly 700,000 rural small and micro merchants.
6 Nielsen: Singapore, Malaysia, Thailand 3/4 Supermarkets and convenience stores accept the Chinese version of mobile payment
According to foreign media reports, a survey released by market research company Nielsen in cooperation with Alipay showed that three-quarters of supermarkets and convenience stores in Singapore, Malaysia and Thailand now accept the Chinese version of mobile payment. The survey said that the adoption rate of mobile payments in Singapore, Malaysia and Thailand has grown rapidly in the past two years, and last year Chinese tourists used more mobile payments overseas than cash payments.
7 Tencent QQ announced the Spring Festival event: forward the lucky bag to unlock cash red envelopes
Tencent QQ announced the 2019 New Year event. Participate in the "Blessing Bags Go Home" event, win the lucky bag and share it with friends to unlock cash red envelopes and card and coupon treasure chests. The event will start on January 28, the New Year’s Eve, and continue until the third day of the Lunar New Year.
8 Sesame Credit: Deposit-free rentals during the Spring Festival increased by more than 100% year-on-year
Sesame Credit statistics found that credit rental orders during the Spring Festival holiday increased by more than 100% compared with last year's Spring Festival. Data from some rental platforms show that car rental orders have surged, with more than 60% of users ordering cars more than 10 days in advance. Those born in the 1990s love to rent cameras and drones, and those born in the 2000s like various high-end game consoles.
9OK Supermarket launches its own payment tool OK Pay
Following FamilyMart My FamiPay, Lairfu Hi Pay, and Uni-President OPEN Wallet, OK Supermarket announced on the 22nd that it has joined hands with Taishin Bank to launch its own payment tool "OK Pay", emphasizing that it can be used in physical stores and "OK mini" smart vending machines across Taiwan, and you can also accumulate membership points simultaneously when spending at vending machines. At this point, the era of the four major supermarkets’ own payment tools has been officially launched!
PAY· Daily Lace
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2 Kaxingtianxia has made a major organizational adjustment after receiving investment from Cainiao Network and GLP .
January 22 news, Kaxingtianxia announced a major organizational structure adjustment after receiving strategic investment from Cainiao Network and GLP Hidden Mountain Capital.
1. Services to shippers and customers will become the main work of the new card bank, and the customer resources of Alibaba and the card bank will be deeply integrated; 2. Regional management will be divided into two regions, northern and southern. Comprehensively promote refined operations in the region to optimize and improve costs and efficiency.
PAY· Investment and Financing
1 Xiaomi will invest US$2.6 million in Maoyan Entertainment
Maoyan Entertainment delayed its listing schedule and introduced new investors to participate in the IPO, including Xiaomi Group. According to the updated prospectus, Green Better, an investment company under Xiaomi Group, will serve as a cornerstone investor and subscribe for shares equivalent to US$2.6 million (approximately HK$20.28 million) in Maoyan Entertainment.
PAY· Daily Newsletter
- Jingdong "2018 Regional Consumption Insight Report": The central region has become a new driving force for online consumption growth
- ofo responded to the pledge of part of the equity of the subsidiary to 九富白条: Exploring technology to empower the real industry
- Zheng Yang, Director of the Shanghai Financial Work Bureau: Recently, online loan risk prevention work has been carried out from three aspects
- PayPal payment has a market share of 82% among the top 500 online retailers in the United States
- Microsoft WalletMicrosoft Wallet will retire
- on February 28 and receive another UnionPay award Fu Linmen Ningbo Branch won the 2018 Acquiring Contribution Award
- ICBC Global Payment Innovation Project (SWIFT gpi) made new progress
