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Tuesday, May 19, 2009

Strategic modification UnionPay Bao pay to move into the web will face serious tests

By Professional editor working for Jacket.

Where money-making, where serene doomed.

To cover the Po to comprise the "militia" will escort in groups or with the bank, "regular army" affirmative confrontation. It is described that Bank of China has made significant strategic change, the advancement of the online fee enterprise in 2009 encompassed one of the priorities. Signal is one of its enterprise, focusing in online fee subsidiary CHINAPAY (CHINAPAY Services Limited) in Beijing last week to encourage, then there will be key localities in the homeland to convey out a sequence of promotional activities.

In the mesh to pay into the "big cake", the Bank if such a move would have "reap the profits," suspicion? China UnionPay businesses prepared to take-all mesh will pay for new monopoly? Po to pay personal businesses comprised will be hard hit? Consumer Network buy free of ascribe if or not the forthcoming end of the era? Followed by numerous problems.

New areas of focus, or will be competing for

"The market is open, no one has the right to enter." Association of Chinese e-commerce guideline, deputy chief director of the Legal Committee of Allah lumber in an interview here today that the payments in the web, CUP is not a new military forces, commenced numerous years in the past online compensation has been wrapped up, and now it is only needed to intensify efforts. According to public information: the prevailing enterprise market, third-party compensation is the first compensation of Po, the second go beyond is a fiscal compensation, the third is UnionPay CHINAPAY.

Email UnionPay compare with the "combat effectiveness," Adams Wood Allah that the two edges have their respective advantages. Bank's power lies in mechanical staff and other assets are abundant, for example enterprise liquidation passages are open, and that no one can. Treasure, but the fee has its own natural benefits, particularly in the untainted online buying know-how, from Alibaba and Taobao to the fee of the Po to Yahoo China, a sequence of mutual support emblem, gigantic clientele groundwork, are the sole advantage.

Another issue that can not be disregarded, AliPay number of banks have lately connected hands in the prescribed launch of a one-stop round the fee of public utility services, persons can pay their water line, electrical power, gas and communications charges, for example day-to-day. From a certain issue of outlook, this has been the banking enterprise in the locality of value-added or expanded operations.

"These new environs of purpose will be striving against for the two boundaries of the object, it is locked-in to lead to fierce struggle, who will win this engagement that is still not good." Allah Adams Wood that the midpoint bank as a third party to pay for step-by-step alertness to the compensation web the pertinent certificate is in addition blatant that one time the midpoint bank has distributed a schematic certificate, AliPay can pay with Bank enterprise in the all-out war.

Be treated with caution buyers not purchase it

"Resolutely opposed to the referee to play!" Network for the Bank to pay into the general consumer is not good, some people even say, as the administrator of the Bank, it is important that the exercise of management functions and establish a third-party image, rather than with the the people for profits.

More persons are concerned about the fee of state-owned enterprises engaged in the mesh will convey the risk of monopoly. The buyer is not that there is no cause to concern about, after all, free borrowing business card allegations are "criminal record" and would like to first let the interbank charges and allegations more than numerous persons had a brain to stay.

"UnionPay authorized backdrop, one time went into, is expected to make use of its authorized privileges to stifle non-governmental third-party fee, into a monopoly." Taobao shop in more than 3 years of a seller's outlook of the precious gem rather representation.

In reply, advocates trust that a entirely market-oriented performance, it is impractical to win by a monopoly of the client good. The market for themselves, or to pay by Bank Po, clients have the right to decide entirely. UnionPay Bao if paid better than good, clients will be cheerful to see.

Expert analysis: not likely a good thing

"Online compensation market is now very energetic, but still many of subjects, the most valued is the sincerity and security subjects, and the Bank for online compensation of intervention can be a good result to the prevailing problems. From this consideration, entry to to the Internet Bank payments to clients may not be not a good thing. "

As e-commerce legal expert analysis of Allah wood Adams that "the funds to pay the network security issues is very important, but in the current practice, the implementation of electronic signature law is not good. Electronic signature is relatively complicated, a lot of people do not want to use various industries to promote well, these are a direct result of the safety of online shopping is not high, cut fraud constantly repeated. banks are only required to have a clear third-party certification, which is for the protection of the rights of consumers is very necessary. UnionPay will standardize the market intervention to protect the financial security play an important role in promoting. "

China UnionPay will aim for the implementation of online fee data, AliPay applicable individual to reply publicly today that the market space is very large, met the engagement of Bank together evolve the market. - 18423

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