Recently, China Merchants Bank issued an announcement saying that China Merchants Bank credit card will stop providing one-flash mobile payment services. Existing electronic cash balances can still be used normally before the validity period of the wallet card expires. The validity period of the wallet card expires. Afterwards, the electronic cash balance will be automatically transferred to the customer's personal credit card account. This business involves some Huawei, Samsung, and 0PP0 brand mobile phones.

The reporter called the customer service of China Merchants Bank and learned that the credit card center has been notified, and the debit card flash service is normal and has not been affected.

It was the pioneer of cardless service

The One-flash Pass service was the pioneering work of China Merchants Bank in promoting cardless service in 2014. After customers successfully apply for the "One-flash Pass", they can It is equivalent to "copying" the physical China Merchants Bank One Card/credit card owned by the customer into a card and placing it in the security chip of the mobile phone. Customers can use "Di" mobile phones instead of swiping bank cards at CMB branches nationwide to handle all services that require bank cards at the branches. Customers can use "Di" mobile phones instead of inserting cards to handle cash withdrawals at CMB ATMs nationwide. "Quick Pass" is supported nationwide. (QuickPass)" merchants use "Di" mobile phones instead of swiping cards for consumption.

However, since it was an early attempt by China Merchants Bank, although it supported the more popular mobile phones at the time, it was obviously outdated based on the speed of smartphone upgrades. Its credit card flash payment supports mobile phones including Note 4 ( N9100, N9106W), Honor 6 Plus (PE-TL10, E100-TL10), and OPPON3 (N5207, N5209) and N1 Mini (N5117).

In fact, with the iteration of mobile phones, adjustments to the early flash business are also being made. As early as 2017, China Merchants Bank announced that starting from January 30, 2017, it would stop accepting China Unicom mobile wallet, all-terminal mobile wallet, China Mobile Daji Card, SE-based One-Snap Pass (Apple Pay, Samsung Pay, Huawei Pay, Application for activation of mobile Internet payment business functions such as Mi Pay). Customers who have previously activated the above business functions can still continue to use them normally according to the original business rules.

According to the announcement of China Merchants Bank, due to business adjustments, the Palm Life client will no longer support the "electronic cash balance" of the mobile payment product "Yishantong (credit card)" from February 21, 2019. Inquiry, password setting" and other services, the existing electronic cash balance can still be used normally before the validity period of the wallet card expires. After the validity period of the wallet card expires, the electronic cash balance will be automatically withdrawn to the customer's personal credit card account.

The reporter verified and understood: At present, only credit cards are affected, and the debit card business has not been notified of adjustments.

Changes in the NFC model

In recent years, the development of NFC payment has not been smooth, and competition with the The dominant NFC payment has gradually shifted to a model dominated by mobile phone providers.

Take Huawei mobile phones as an example. In 2018, it announced that more than 20 mobile phone models support Huawei Pay payment, with more than 73 associated banks. In addition, 20 million POS terminal devices support this NFC payment.

Mi Pay launched by Xiaomi Wallet also supports more than 70 banks across the country such as Bank of China (quote 601988, stock diagnosis), Industrial and Commercial Bank of China (quote 601398, stock diagnosis), China Merchants Bank, and Postal Savings Bank. In order to fully cover mainstream banks, compared with the innovation of mobile phone manufacturers, the fixed model cooperation model of banks has gradually fallen behind.

The "2018 China Mobile NFC Payment Industry Research Report" released by iResearch pointed out that the top five mobile phone brands in China's smartphone shipments in 2017 were Huawei, OPPO, vivo, Xiaomi and Apple. , the smartphone shipments of these five companies accounted for 75.7% of all smartphone shipments in 2017. Statistics show that the proportion of NFC in mobile phones launched by these five companies from 2014 to 2017 was only 17.1 in 2015, but it increased to 31.3 in 2017. The rapid increase in the proportion of NFC mobile phones reflects the gradual improvement of user-end hardware conditions for mobile NFC payment.

The report shows that mobile NFC payment users highly recommend it. The NFC payment process does not require "unlock the phone - open the APP - click to scan the code/QR code" like scanning the QR code to pay. It is more convenient to pay in steps and pay directly; and NFC payment makes users feel safer; in addition, NFC payment is still in the promotion stage, and there are many preferential activities, which also increases user satisfaction.

However, from the data point of view, there is still a long way to go before the scale of NFC payment can catch up with other payment methods. According to statistics, the scale of mobile NFC payment in my country reached 4.89 billion yuan in 2017. Due to Affected by factors such as UnionPay Cloud QuickPass's vigorous promotional activities, my country's mobile NFC payment scale continued to maintain an accelerating growth trend in the first quarter of 2018, reaching 2.94 billion yuan. However, even so, its mobile payment volume in the trillions of yuan level Among them, the proportion is relatively small.