1. Bank of Communications credit card pay-type consumption means that the Bank of Communications credit card bound to a mobile phone can realize induction payment through NFC. The payment can be quickly completed by bringing the mobile phone close to the Quick Pass sensing area of ??the POS machine. Similarly, when swiping a bus card, you only need to bring your phone close to the card reader on the bus to complete the swiping process.
2. Bank of Communications pay consumption means that users use Bank of Communications bank cards to pay when using mobile wallets. When using a mobile wallet, a personal bank card is generally bound in advance. Users will get certain rights when using pay to pay for consumption.
3. Functional Principle
Bank of Communications pay payment must be realized through a mobile phone with NFC function. Usually the mobile phone is close to the Quick Pass sensing area of ??the POS machine or close to the card reader when swiping a bus card. Inductive payment can be completed, which makes consumer payment more convenient.
1. Mobile Wallet
The bank cards bound to the mobile wallet include debit cards (savings cards) and credit cards. The debit card must be deposited before use, and the credit card must be deposited before use. There is a certain credit limit, which users can use first and then repay. However, the repayment cannot be overdue, otherwise penalty interest will be incurred.
It is worth noting that when a credit card cannot be repaid on time, you can use installment repayment or the minimum repayment amount, so that the monthly repayment amount can be reduced and no overdue payment will occur. In fact, if you cannot repay it on time, you can still borrow money from your friends and repay it, but you must pay it back to your friends in a timely manner after borrowing.
2. What is pay consumption
Pay consumption refers to a form of consumption in which users can use the wallet that comes with their mobile phone to make payment transactions when shopping. Pay consumption mainly relies on mobile phones with NFC functions. You usually bind your bank card to your mobile wallet and use the NFC function when paying. This is pay consumption.
Various mobile phone brands have their own pay payments, including MiPay, ApplePay, SamsungPay, HuaweiPay, etc. Generally, you may enjoy certain discounts when using them.
In addition to binding bank card consumption for pay-type consumption, users can also bind Alipay for consumption, use phone cards to bind Alipay, and then customize mobile payment services. At this time, users can send messages to a service through SMS The account sends specific instructions for transfers, purchases, etc.