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> Value-added services - focusing on the Internet, the third-party payment institutions that pay for public payments are doing well
Value-added services - focusing on the Internet, the third-party payment institutions that pay for public payments are doing well
Through iResearch’s 2017Q3 China third-party Internet payment transaction market share map, it can be seen that Alipay and Tenpay are not yet in this area, and other third-party payment institutions have performed well to focus on the Internet-to-public payment business. For example, CICC pays 5.2% of the market share and won the 2018 Golden Jubilee Award at the 12th China International Payments Summit – “the most trusted payment brand”. Third-party payment companies such as CICC, Quick Money and Baofu have a higher market share, owing to their steady development of payment for this basic business, and actively creating various value-added services such as supply chain finance, credit reporting, and large Data risk control, consumer finance, marketing, etc., and these services are infiltrated into various industries to provide more comprehensive financial services.
Taking China Gold Payment as an example, it is a financial router between industrial clusters and financial institutions. With the payment + account as the core, an online supply chain financial service system is constructed. In terms of medical health, CICC Payment provides a complete fund account system for suppliers and chain pharmacies on the e-commerce platform to visualize transaction data. When the small and micro enterprise on the e-commerce initiates the financing application through the platform, the supply chain financial system of the CICC payment captures the relevant transaction data in real time through the docking with the B2B platform order system, and after the verification and verification, the packaged assets are pushed to the financial institution. Financial institutions conduct real-time audits to complete lending. This has solved the problem of financing difficulties for SMEs to a certain extent, and has reduced the cost of exhibitions for financial institutions. At the same time, CICC Payment actively embraces new technologies, integrates blockchain technology with payment capabilities, builds a self-finance system for large-scale group companies.
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