Instant payment code. A two-dimensional payment product for merchants and individuals jointly developed by China UnionPay and Bank of Communications is called Lipay Code.

With only one QR code, merchants can easily complete multi-channel payment collection functions, regardless of industry, field, or application. Payment can be made in any scenario, and merchants can withdraw funds in real time regardless of holidays. Arrive.

Currently, Lima Pay merchants are divided into three levels: ordinary members, gold members, and diamond members. Ordinary members can upgrade their membership levels for free by successfully recommending members to reduce the merchant's collection fee rate, or they can pay it in one go. Upgrade fees increase membership levels.

Bank of Communications’ code-based payment has the following features:

1. There is no transaction fee. There are no fees for receiving or making payments. When you pay with a credit card, you can enjoy up to 56 days of interest-free repayment period.

2. Real-time payment. The 2016 payment collection artifact, transaction funds are instantly credited to your account.

3. Complete in ten seconds, simple and convenient. Still entering account information manually? You are OUT! Quickly use the code to pay, it is simple and convenient with just one swipe!

4. Transaction security is guaranteed. The bank card transaction password must be verified during the payment process to completely eliminate financial risks.