The forerunner of listening to aggregate payment said "aggregate payment"

A few days ago, a "central bank document" brushed my circle of friends, especially in the banking and payment industry, and almost everyone was turning. Originally, it was a normal document, but it was interpreted by some people as an "aggregate payment". I was a bit surprised.

In early 2014, Ping++ began to create the term "aggregate payment" and category. In the following two years, Ping++ has always maintained an understanding of the industry and exploration of technology, solving payment problems for more than 10,000 companies. As the forerunner of aggregate payment, we are obliged to stand up and figure out what exactly is "aggregate payment." I hope that after this article, the industry will have a clearer understanding of the vertical market of "aggregation payments" and Ping++.

In the second half of 2013, we have three industry judgments for the payment industry:

1. Mobile payments will rise and eventually replace PC online banking, bank cards and cash. Therefore, the company has to bet on mobile payments.

2. There will be more big players entering this industry, competition will intensify, and fragmentation will soon come. Therefore, the demand for "long-term and long-term", especially the technical demand will appear.

3. A large number of businesses will be moved to the mobile Internet, and information technology will transform all walks of life, and more long tail business scenarios will emerge. Therefore, the mobile Internet will enter the "transaction era", and a large number of companies have strong demand for payment.

These three views don’t sound cool at all today, they are already established facts. But back more than three years ago, this is not so obvious:

1. At the end of 2013, most people did not have the habit of paying on mobile phones. Didi and the fast "war of the century" began to enter the public's field of vision after 2014, and then mobile payment became popular.

2. At the end of 2013, online was still the era of Alipay. WeChat payment has just begun to be done, WeChat red envelope has not yet begun to launch; UnionPay is also focused on online, there is no Apple Pay, and there is no scene of today's first- and second-line Internet companies queuing to buy payment companies.

3. The trend of Internet + and O2O began only in 2014. A large number of technology companies participated in various upgrades and upgrades to traditional industries. The mobile Internet greatly expanded the boundaries and scenes of the Internet, and instantly entered the "GMV" from the "Day of Life" era. "era.

So based on these three judgments, we created Ping++. The meaning of aggregation also comes from these three judgments:

1. Aggregate the entire platform of mobile, PC, and offline.

2. Aggregate Alipay, WeChat payment, UnionPay and other payment channels.

3. Aggregate long tail scenes and long tail customers.

In the early days of Ping++, we strengthened the role of purely technical service providers, only involved in information processing, did not touch the funds clearing, did not do big business, did not hit the ball, real name network audit, sunshine payment, legal compliance, as a firm business It exists as a technology partner. In October 2016, Ping++ passed the international PCI DSS certification in accordance with the security standards of the payment industry, setting a benchmark for security in the aggregation payment industry and fully protecting customers' data privacy.

Because of this standardized operation, Ping++ has gradually gained the recognition of mainstream payment companies, and has obtained strategic cooperation status. The degree of deep cooperation has always been leading the industry. The product has expanded from the basic "aggregation payment" service to the entire "annual cash payment" service, and the product radius and thickness have been improved as never before. Half a year ago, we started commercial exploration and insisted on paying for the SaaS model of cloud services. We also hope that we can embark on a new road different from the fee and open up a new business model for the payment industry.

Fortunately, three years have passed, and our three pre-judgments for this industry have come true today. Fortunately, our insistence on the initial heart, let us finally gain the favor of the market and capital. The "Golden Card Life" under China UnionPay also reported on Ping++ aggregation payments.

At the same time, we must also acknowledge that although we are sticking to the initial and pure nature of aggregate payments, some of the bad habits in the traditional payment industry still exist. Aggregate payment service is based on the payment channel and clearing settlement ability of commercial banks, non-bank payment institutions, national/regional clearing organizations, etc., and utilizes their own technology and service integration capabilities to integrate the payment services of these institutions in legal compliance. To provide merchants with various payment services such as technical docking, collective reconciliation, and error handling.

Standardized aggregate payment services help reduce merchants' payment costs, improve merchants' payment efficiency, and optimize merchants' payment experience... And a few "smart" people still use the big business model to "two clear" in order to earn more revenue. In fact, this is not related to the aggregation payment. The big business model has existed since the offline POS, and this has nothing to do with whether it is aggregate payment. The facts stated in the "Central Bank Document" are indeed the ills of the entire payment industry and should be resolutely regulated.

"The continuous improvement of the candle will never get the electric light." We hope that we will work hard with other practitioners in this industry to fear this market, love this market, and make a good money to drive the bad money market, bringing to the payment industry. More creativity and energy. Ping++ is willing to fully cooperate with the central bank's supervision and expects a more purified and regulated aggregate payment market.