Nov 06, 2017
2016 is a year of rapid development of mobile payment. Not only consumers gradually accept payment applications with QR code as the core, but also other payment technologies are gradually falling into place. Among them, NFC, MST, biometrics, IC reading and writing are emerging endlessly Payment and interaction technology. The development of technology has also brought some confusion. How to meet the demand of different consumers for convenience payment in different scenarios has become a major challenge in the mobile payment era.
Two-dimensional code is the key technology of the rise of China's mobile payment, originated in Japan, but by the adoption of WeChat, the rapid spread in China, initially only for information exchange, with the fiery mobile payment, WeChat will be applied to the payment, Alipay Follow-up, and jointly promote the development of two-dimensional code payment in the country. Up to now, the two-dimensional code has become the mainstream technology of China Mobile Payments. It has a great impact on the traditional payment industry, not only changing the industrial pattern, but also affecting the acquiring equipment industry. In the future, all POS vendors' products will support QR code payment.
The two-dimensional code to bring the payment reform is just the beginning, payment is an industry emphasizing the scene, different scenarios have different advantages of technology applications. The two-dimensional code of the old rival, fast, secure NFC technology, the same in 2016 has been rapid development. Apple Pay launched into China early this year, detonating consumer obsession with quick payment, followed by Android camp also introduced various Pay products, according to relevant research data show that in 2017 NFC mobile phones in the total smart phone shipments will exceed 6 to make. Behind the popularization of application and popularization of mobile terminals, POS terminal are required for the transformation of equipment. In recent years, CUP has been devoting itself to non-connection reconstruction. According to the report of CUP in the second quarter of 2016, the number of POS terminal with non-connected functions reached 1050 Million units. So, NFC also brought another revolution, POS terminal not only need to support two-dimensional code, but also need to support NFC.
In addition to the two-dimensional code and NFC, another need to mention is the promotion of biometric technology. For the interaction of payment information, NFC and QR codes have been able to meet the vast majority of payment scenarios, but quick and easy verification of identity information requires biometric assistance. Apple Pay is a tremendous innovation. At the same time, it is necessary to input fingerprints information in order to establish a national fingerprint information database when handling second-generation ID cards in China according to relevant state regulations. In the handling of bank payment business, the user in many cases require fingerprints or face verification. So, after NFC and QR codes, biometrics brought the third wave of payments infrastructure impact. Bank self-service machines, MFPs and even some POS are suffering from this impact.
After a variety of shocks, the traditional magnetic stripe, IC card slot and other terminal devices still need support, which gives rise to Samsung MST technology opportunities, but the rise of technology is facing a huge problem, while supporting a variety of payment technologies, The traditional and emerging technologies in parallel, to the terminal transformation has brought a nightmare.