Why did the central bank urgently stop virtual credit cards and QR code payments? There are three reasons, one can be said, and two cannot be said.

Let’s talk about the possible reasons first, which is security issues. The central bank informed that offline barcode (QR code) payment breaks through the business model of traditional technical terminals, and its risk control level is directly related to customers' information security and financial security. Virtual credit cards break through the existing credit card business model and require further research in terms of implementing customer identification obligations and ensuring customer information security.