The mobile payment market will reach $ 172 billion in 2012

Although the NFC into the iPhone or some other device, but did not prevent the booming development of mobile payment. According to Gartner's recently released research data revealed that the mobile payment transaction credit card processing gateway volume in 2012 will reach $ 171.5 billion, an increase of 60 percent from $ 105.9 billion last year; the number of users is increased from 160 million in 2011 to 212.2 million this year , an increase of 32%.

Gartner also expects mobile payment transaction size is expected to exceed $ 617 billion by 2016, while the number of users to use mobile payment services will reach 448 million. Means of transaction, SMS continues to occupy the dominant position of underdeveloped market trading, still occupy an important position in the more mature developed markets to complete the transaction through the mobile Internet portal. Gartner does not think the NFC development reasons for the slow in the mobile phone manufacturers, on the contrary, Gartner believes that this is the problem of the whole industry chain, NFC payment related to changes in user behavior, and needs of stakeholders such as banks, mobile operators, as well as credit card integration between the Internet and other.

The fragmentation of the mobile payment industry will continue from the point of view the service providers or technology providers, each will continue to enhance their strength. For businesses and consumers is not necessarily a good thing, but this may be the ultimate success on the road must pass through a road. With the maturity of mobile payment industry as a whole, the individual needs of the market will continue to be enhanced, in particular the special needs of the local market will differ, and may require different solutions credit card payment service and different modes. Therefore, the future is likely to be an environment of symbiotic giants and local small businesses.

At the same time, Gartner believes, the future of mobile payments will be Amazon and eBay, the leading on the network; and online, like Starbucks App mode most likely is the most feasible in the future mode.

Electronic payment is needed to build a regional financial center in Guangzhou

The past, the concept of e-commerce electronic payment, in fact, the traditional economies in transition can also be leveraging e-commerce to promote the "off".

Recently, Pearl River Financial Forum held in Guangzhou, said Lihan Dong, deputy secretary general of the Guangdong Provincial Government, Guangdong, Guangzhou electronic payment and e-commerce to accelerate the development will contribute to the credit card processing gateway construction of the Guangdong financial province and Guangzhou regional financial center, and then speed up the Guangdong economy restructuring and upgrading. Li Handong said that Guangzhou has a cultural tradition of the Millennium mercantilism, Chong will vigorously support the development of electronic commerce, to create a good environment for the favorable development of electronic commerce, and strive to create the digital age "network operators".

At the Forum, the industry from the banking, payments and e-commerce giant paid for the Guangzhou market, the electricity supplier market bigger and stronger to offer.

Guangzhou to pay a huge market space

Li Handong said at the forum, e-commerce to rise rapidly, the traditional business faces many challenges today, with the Millennium mercantile, Chong Shang culture traditional Guangzhou has also ushered in a new historical turning point. Guangzhou will also through the strong support of e-commerce development, to create a favorable environment conducive to e-commerce development, and strive to build the digital age "network providers" to continue the heritage of Guangzhou Millennium.

Quick money CEO Guan Guoguang (microblogging) pointed out that Guangzhou is a very centralized distribution center side of a trade, whether it is from Asia or from the Inter-American point of view, the trade distribution of the local culture intertwined most concentrated. Guangzhou area as a platform for material circulation, the advantage in the country are very obvious. With the development of e-commerce, this advantage will become Guangzhou's unique characteristics.

"Quick money in Guangzhou, education, aviation, insurance and logistics industry, such as a considerable number of traditional industries do a lot of groundwork," Kwan think, Guangzhou in the future certainly will transition development, in the original rely on traditional entities, trade will go to more efficient e-commerce, not only across the country, may also cross-border. The coming Canton Fair Canton Fair that never ended, 24 hours a year can be traded, then this will become one of the largest nationwide product or service the import and export platform. Corresponding to the payment of services of various types, including supply chain, including trade finance, including cross-border, will be a very important market space. Kwan, Guangzhou to pay a huge market space in the process of economic transformation.

Guangdong Development Bank official said, bear the bounden responsibility and sense of corporate mission as the national joint-stock commercial banks of the only one headquartered in Guangzhou, Guangdong Development Bank in the Guangzhou Economic and strategic transformation.

Cai Lifeng, deputy governor of Guangdong Development Bank, said that demand from the market point of view, the annual growth of e-commerce transactions "big cake", financial institutions and non-financial institutions have a huge space for development. With the common development of the industry chain parties, the future of financial services types will gradually expand to include iron and steel, logistics, funds, insurance, education and many other traditional areas, by the mere payment and settlement services upgrade to a comprehensive industry solution.

Banks and payment companies are not a monopoly

Recently, ICBC to suspend open Kara repayment port incident sparked speculation that subtle changes of the cooperative relationship between enterprises and banks, the market for third-party payment. In this forum, the third-party payment and the relationship between the bank has also become the focus of much debate.

Kwan, third-party payment and the stability of the banks depends on the positioning match. "Our relationship with the bank is very commercial market price is determined by supply and demand, our position will cause prices to gradually become more rational, more market-oriented. With the banks are unable to monopolize the market. Payment and bank co-operation win-win, can not damage the interests of the bank, only to reach such agreement, it may be long if the payments business into a commercial bank, then, under a highly regulated environment, innovation will be more slow and rely on technology to promote innovation, but always under the definition of commercial banks, must comply with the rules of the commercial banks. two choices tell us to go the way of commercial banks is dead. "Kwan stressed.

Payment of security is not a hardware problem

Another major concern to the industry payment security has also become a hot topic in the Forum. GF Fang Qi, general manager of e-banking department pointed out that, regardless of the bank or payment companies, payment of security hardware has reached the highest in the world. "I know the banks of the recent rumors U shield vulnerable, I engaged in electronic banking did not encounter more than a decade U shield under attack to crack the case."

Fang Qi, why people still feel unsafe when paid, on the one hand there are habits. "We are engaged in electronic payment business or industry as a whole to take, such as two-factor authentication, dynamic password, we used multiple means of digital certificates, phone verification, but we do electronic transactions using a mobile phone, mobile phone not the same with the previous phone and it has become a credit card processing gateway vector of the elements of the transaction, so, we want to improve the safety level in particular, how do we protect our wallets, on how to care for our phone. "Fang Qi believes that the current user does not form such a concept.

In addition, Fang Qi appeal from the law, including law enforcement system and judicial practice in terms of e-commerce businesses and our customers benefit protection.

Third-party payment and bank

With the electronic payment market rapidly bigger cake, whether it is banks, CUP, or just take the license year, the third-party payment companies, clasped tightly in this market. The rapid expansion of third-party payment service, which caused many banks to smell an unprecedented threat. The more some time ago came credit card processing gateway the news of ICBC contract with CUP Kara line credit card payments business disputes. However, in the electronic payment and e-commerce high-level forum held in Guangzhou - Pearl River Financial Forum, the parties are whirring open cooperation to make the development of industry stability.

Payment industry cake rapid growth to become a financial battleground

According to iResearch (microblogging), statistics show that the 2011 payment industry, Internet payment business transaction size is reached 2.2038 trillion yuan, an increase of 118.1%. 2012 only in the first quarter, the Internet payment transaction size of China's payment industry reached 776 billion yuan, an increase of 112.6%. Experts predict that the Internet payment service in 2012 will continue to maintain a high growth trend, the number of Internet merchants will maintain rapid growth, number of transactions will also be a significant growth of electronic payment of a strong market potential and the driving force will greatly boost China's electronic business development.

Laws and regulations were promulgated, the electronic payment industry full access to the regulatory era, and the payment industry as a whole system is being completed of. As of the end of 2011, 101 payment companies have access to the payment of business license, electronic payment usher in the enterprise, including Internet payment and mobile payment enterprise, prepaid card companies, bank cards received a single enterprise, including the operator of the subject.

Cai Lifeng, vice governor of Guangdong Development Bank (microblogging), said that demand from the market point of view, the annual growth of e-commerce transactions "big cake", financial institutions and non-financial institutions have a huge space for development. With the common development of the industry chain parties, the future of financial services types will gradually expand to include iron and steel, logistics, funds, insurance, education and many other traditional areas, by the mere payment and settlement services upgrade to a comprehensive industry solution.

In a recent interview with Nanfang Daily reporter, quick money, CEO Guan Guoguang (microblogging) acknowledged that the payment of the relationship between enterprises and banks is tangled in the industry, but also with the different positioning of the enterprise to pay. "Real cooperation to developing mutually beneficial to be neutral and do not want to become a bank, does not compete with banks. In fact, the field of electronic payments is still a lot to be tapped." In his view, between the industry supply chain is cross- region, third-party payment to help commercial banks landing to a region to solve the problems of the banks can not off-site job.

Untapped opportunity is greater than the existing business is no need to compete with each other "pinch frame

May 26 licenses just an anniversary, look back at this year, pay the enterprises to standardize their high talent into the industry a lot more opportunities for new entrants in the industry is still very much, at present many companies also did not play its advantage. "Kwan believes that the Games" enclosure "in the payments industry in the future be carried out continuously. Pay the original profit is visible in the field of incremental means greater profits cake. The enclosure is more, the greater future profits. "He predicted that by 2015, the scale of operations will still be 100% growth.

"At present, pay only 4 trillion water, which is equivalent to the distribution industry as a whole is still very small, which means tremendous room for growth in the future, 10 -15 years of rapid growth space still can be." Kwan said that the current feeling the payments industry new entrants and not bring down the profitability of the industry as a whole, but the incremental market is much more than the stock, "Who can master most of the future increase in, who would be better prospects. "

Guangdong Development Bank Electronic Banking Department is responsible to the Nanfang Daily reporter said, in the long run, shut down the interface or the termination of cooperation or is extremely unwise. Non-cooperation is not open, it will eventually be eliminated. Banks and third-party payment companies, the income of consumers. Man-made obstacles, can not give consumers the convenience of business, and ultimately long-term are to be eliminated. "The source said, in the long run, open, standards, is to promote an important prerequisite for development of the industry.

However, the central bank's license or restrict a lot of people who want to scramble for the cake. The person in charge of many third-party payment companies, the implementation of the license approving the issuance of a comprehensive threshold of the payments industry than in the past a lot. "In the past year, the industry spent a lot of merchant processing effort, have done a lot of compliance, norms, systems work, for new entrants, the compliance costs than in previous years, this industry is definitely a good thing. The future of the entire industry profit model, based on the differential position to distinguish. "

Online payment

Online payment is a payment interface between the banks paid by third parties, the benefits of this approach is that funds transfers from the user's bank card to the website account, remittances arrive credit card payment service at once, the need to manually confirm. And bank transfers（including the biggest difference is that online personal bank transfer or bank counter cash transfer）can automatically confirm the prepayment.

The basic process

Internet platform online for general process is as follows:

1.Customers access the Internet (Internet), browser browse the merchandise, selection of goods to fill in network order, select the application of network payment and settlement tool, and authorized by the Bank, such as bank cards, electronic wallets, electronic cash, electronic checks or online banking account.

2.Client-related order information, such as payment information is encrypted, to submit an order online.

3.The merchant server to check on the customer's order information to confirm, and related to the encrypted customer payment information is forwarded to the payment gateway, to confirm the bank until the bank's private network back-end business server, from banks and electronic money issuer validation authorized the disbursement of funds.

4.Bank verification to confirm, set up the encrypted communication channel through the payment gateway, back to the merchant server to send confirmation and payment and settlement information for the further security, back to the customer to send payment authorization request

5.Bank customers coming from further authorized billing information, funds transfers from customer accounts to e-commerce merchant bank account with the financial private network for clearing and, respectively, to merchants, customers send the payment and settlement success of information . Payment was successful and shipping notification sent to the customer network。

6.The merchant server receives the bank sent a settlement success message. At this point, the end of a typical network payment and settlement processes. Merchants and customers can be through the online payment solution network to query the balance of funds information in order to further check.

The above online payment of the general process generally summed up the application process a variety of online payment and settlement way identical to the application process for a variety of network payment, but generally follow the process.

The scale of third-party payment market has been expanded by 2 trillion

May 26 last year, the central bank to the 27 companies awarded the first "pay business license" (hereinafter referred to as: Third-party payment of the license). One year later, the formal license third-party payment companies credit card processing gateway  has reached 101, the third-party payment market size is expanded to 2 trillion of magnitude. Been licensed business and market expansion, the clear identity of third-party payment companies and banks in the cooperative innovation speed greatly accelerated. Quick pay rise and become the mainstream of the industry as a whole to pay one of the ways, wireless payments, O2O (Online To Offline) line payments, and other new forms also emerge.

Been licensed enterprise expansion one hundred

According to insiders, the past year, the central bank has in batches to 101 enterprises issued licenses of third-party payment, in addition to the 143 companies have a central bank for the record, but not yet licensed. With the issuance of a license, a variety of details about third-party payment industry is also gradually introduced into the stage of the comments.

Market structure, the increase of the licensing business has not changed the pattern of major payment companies. IResearch's latest data show, the first quarter of 2012, the Internet payment service transaction size of the payment industry in China reached 776 billion yuan, Paypal retaining its position as market leader with 47.8 percent share of market share of 20.3%, TenPay # ; CUP online, fast money and remittance in the world market share of 9.1%, 7.6% and 7.5% respectively separated from the third to five.

Speed ​​up the bank-enterprise cooperation and innovation

It is understood that, with the issuance of a license, the third-party payment and bank co-operation and product innovation into a new phase. The Alipay many domestic and foreign banks to the Express payment services, users do not need to open online banking with a cooperative bank bank card can be easy and safe. Alipay quick to pay the number of users has more than 50 million quick to pay the transaction amount in accounts to pay more than 50% of the treasure every day the total number of transactions, the the CUP TenPay industry companies have launched their own fast payment services.

Industry experts believe that quick to pay for online banking or non-French procurement consumers greater convenience of the service, this new model is conducive to enhancing the consumer's enthusiasm to expand domestic demand and promote such as courier services, etc. development of the industry.

Wireless payment into the next focus

For third-party payment industry, quick payment, cross-platform, cross-browser features for the development of wireless payment and lay the foundation. Present, Alipay, CUP, quick money, remittance world such as the number of Internet payment vendors have launched mobile payment products, and layout of the remote payment as well as near-field payments, and Mobile, China Unicom and the three major telecom operators have been established to pay company. Reporter survey found that 101 enterprise to pay a license, 49 enterprises have access to the Internet to pay license, while the mobile payment for a license, only 27.

The industry believes that mobile payments in addition to the need to adapt to the characteristics of different credit card payment service  operating systems are technically more simple and user experience, more importantly, at the same time have the ability to open up a number of bank funds flow. At the nodes on the first anniversary of the licensing point of view, leveraging the entire mobile payment as well as mobile e-commerce development, also need more effective support of the regulatory agencies and banks. "