These three businesses will lead the future of third-party payment.

Due to the in-depth development of financial internet, third-party payment has gradually surpassed traditional bank payment and become the mainstream means of market transactions. Recently, the media broke the news that Didi will wholly acquire a third-party payment platform. Scene giants such as Didi, Vipshop and Xinmeida have joined the game of third-party payment licenses. It can be said that whoever grasps the future of third-party payment will occupy the highland of internet finance.

What's the point of discussing the future of third-party payment?

In the past five years, the transaction scale of China's Internet consumer finance market has grown by spurt. Although the month-on-month growth rate has declined in recent two years, the scale and growth rate of the consumer credit market in China are increasing year by year. TrendForce predicts that by the end of 17, the global mobile payment market will reach $780 billion, an increase of 25.8% over 16. In the future, there is still room for development of Internet finance, especially third-party payment. At the same time, the cashless society will turn from ideal to reality in the next five to 10 years.

With the development of third-party payment, the demand of all walks of life has been met through different payment methods. At present, the mainstream payment products of third-party payment are: online banking payment, mobile payment, digital TV payment, fixed-line payment, ATM payment, NFC near-field payment, code scanning payment, point card payment, prepaid card payment and city payment service. With the popularization of artificial intelligence technology, there are many payment methods, such as acoustic payment, fingerprint payment and face recognition payment. The rapid development of cross-border e-commerce has also spawned cross-border payment methods such as cross-border settlement and international credit card receipt.

However, the audience of some payment products can only be limited to specific or minority groups, such as digital TV payment and fixed-line payment. In order to occupy a place in the future third-party payment, payment products and services should have a wide audience, considerable industry prospects, and can solve the pain points of users. Mobile payment, urban convenience payment service and cross-border payment are the three major payment services that meet the above elements. At the same time, they also represent the future of third-party payment.

mobile payment

Ctrip has become synonymous with travel, Kindle has become synonymous with reading, and WeChat has become a social account. Takeaway, laundry, car repair ... anything can be done on mobile devices as long as there is potential demand. Gas stations, convenience stores and even roadside fruit stalls can support scanning code payment, which is the terrible thing about mobile devices and the reason for the rapid development of mobile Internet.

However, the mobile Internet still has many shortcomings. According to the data of iResearch, only 33.9% netizens choose online shopping when shopping, and the proportion of booking tickets through the network is only 3 1.5%. This reflects that the awareness and frequency of domestic netizens using mobile payment is still not high. At the same time, due to the immature technologies such as near-field payment and code scanning payment, the awareness and utilization rate of mobile payment are relatively low. This shows that mobile payment is still in the growth stage. However, with the wide application of human-computer interactive payment technology, the improvement of infrastructure and the change of netizens' usage habits, mobile payment will surely usher in a blowout period in the future.

As the overlord of domestic third-party payment, its Alipay has long been synonymous with mobile payment. With financial platforms such as Ant Garden and Yu 'ebao, plus the huge transaction flow generated by Taobao and Tmall, as well as a series of convenient payment services, shopping and entertainment services and fund exchange services, Alipay is enough to sit firmly on the throne of domestic mobile payment. Recently, Ant Financial has successively shown "big moves". First, Ma Yun announced the launch of the cashless promotion plan, and claimed to bring China into a cashless society in five years. Then, at the first technical conference of Alibaba, Ma Yun announced the launch of a program code-named "National Aeronautics and Space Administration". In the next 20 years, an independent R&D department will be established to reserve core technologies for the new economy. It can be seen that the position of Ant Financial in the field of mobile payment is still difficult to shake.

City payment service

Urban payment services include public services such as medical treatment, traffic control, transportation, public security and household administration, entry and exit, payment, education, provident fund and private services such as personal tailor. On the surface, it is just an extension of mobile payment. In fact, behind the city payment service, it relies on the powerful mobile Internet and social media system.

As a life consumption scene, public service needs a platform that can accommodate all kinds of life consumption scenes. For example, citizens who want to make an appointment for passports and apply for Hong Kong and Macao passes only need to submit information on social platforms. Other matters, such as vehicle inspection appointment, vehicle and driver's license violation inquiry, invoice authenticity inquiry, living payment inquiry, etc., can be easily realized through social platforms.

With the improvement of people's living standards, customized and personalized community consumption is gradually emerging. This kind of consumption is not limited by region and time. The successive establishment and development of different communities will form a viral fission. At present, Luo Ji's thinking, as well as various e-commerce communities, such as maternal and child communities and beauty communities, are typical examples of developing community consumption. The logic behind it is that when the economy develops to a certain stage and the basic material desires are satisfied, people will turn to a higher level of material desires, that is, personalized and customized community culture. It may be difficult for us to find a product that meets everyone's needs, but we can find a product that everyone in the same circle likes. And this kind of community-based goods can produce consumption.

Both public and private services rely on users' sticky social tools. By using social tools, users can quickly obtain any service in their own life scenes, which is a city payment service integrating mobile payment and social tools. At present, only Tencent can meet these two requirements. Tencent is the dominant social tool in China, and QQ and WeChat have formed a solid community foundation. As a mobile payment application second only to Alipay, WeChat payment has not only products with community attributes, but also products with payment attributes such as public welfare, taxi, ticketing, domestic service and life finance, forming a powerful "moat" of payment and socialization. This is also beyond the reach of competitors such as Alipay.

Cross-border payment

Analysys International predicts that the total export value of China will increase steadily in the next two years. It is predicted that the scale of export retail e-commerce transactions in 18 will be more than three times that in 2006. While gradually transforming the traditional foreign trade industry, e-commerce will also bring new development opportunities to the foreign trade industry.

For enterprises and individuals engaged in e-commerce, if they are engaged in domestic e-commerce business, they can basically meet the transaction needs through third-party payment platforms such as Alipay and Tenpay, without worrying about handling fees, security and other issues. However, if you are engaged in cross-border e-commerce, the transaction process is much more complicated. Payment is only part of the cross-border e-commerce transaction process. Cross-border e-commerce transactions also involve payment, logistics warehousing, customs declaration and other processes. And the payment methods and application scope of different payment platforms are also very different. Take Paypal, which is widely used at present, as an example. For small transactions, using Paypal is very cost-effective, and has a high international reputation, which is trusted by European and American users. However, Paypal itself has many problems. First, Paypal only provides cross-border payment, and customs declaration, logistics and warehousing still need to be solved by merchants themselves. Secondly, many friends who use Paypal have had this experience: accounts are easily frozen, and the interests of consumers override the interests of merchants, resulting in the loss of merchants' interests.

At present, the prerequisite for third-party payment platforms to provide cross-border payment services is to obtain a license for cross-border RMB payment and settlement business, or to obtain the pilot qualification of cross-border foreign exchange settlement business of SAFE. Zhifu Payment, also known as "Dinpay", is one of the few approved third-party payment platforms in China. In view of the pain point of cross-border payment at present, Zhifu has launched an overall solution for cross-border foreign exchange and RMB payment and settlement, cross-border logistics and warehousing, customs inspection and filing, customs declaration and inspection, and international credit card payment. . By cooperating with well-known cross-border logistics warehousing and transportation enterprises at home and abroad, Zhifu has realized filing docking with customs, bonded warehouses and overseas warehouses, established a cross-border closed-loop system integrating warehousing, logistics, customs declaration and payment, and solved the cross-border service problems that currently plague merchants.