1, fast credit card payment is a brand-new payment concept pioneered by Alipay in China.

2. When ordering goods through Alipay website and Alipay mobile client, users only need to provide information such as credit card number, account name and mobile phone number without opening online banking.

3. After the bank verifies that the mobile phone number is correct, Alipay sends the mobile phone dynamic password to the user's mobile phone number, and the user can complete the payment by inputting the correct mobile phone dynamic password. This is a shortcut to pay by credit card.

Quick payment

Fast payment is an innovative payment concept of 20 13. Convenient and fast, it is the development trend of future consumption. Its characteristic is "fast".

Express payment means that users only need to provide information such as bank card number, account name and mobile phone number without opening online banking when purchasing goods. After the bank verifies that the mobile phone number is correct, the third party payment sends the mobile phone dynamic password to the user's mobile phone number, and the user can complete the payment by inputting the correct mobile phone dynamic password.

If the user chooses to save the card information, the user only needs to enter the payment password or the next payment password and the mobile phone dynamic password.

Product background

Alipay has been trying to improve the user's payment experience around 20 12, but there are many restrictions in the traditional payment method, such as opening online banking, using IE browser only, and complicated operation steps.

This has led to problems such as high user churn rate, low payment success rate (the traditional online banking payment success rate is about 65%) and easy to be fished. There are more and more payment scenarios, such as mobile phone payment, telephone payment and TV payment.

The system is becoming more and more complex, with various operating systems and browsers. Traditional payment methods have been unable to adapt to these changes. Therefore, it is necessary to launch a new generation of payment products.