Yibao Pay is a company that has obtained a payment license in Shandong Province. Friends who have passed the civil service examination and career editor should know very well that payments must be made with Yibao. This shows Shandong’s preference for Yibao Pay. We also hope that Shandong enterprises will become bigger and stronger as soon as possible. As Shandong people, we also hope that such a powerful enterprise will emerge in Qilu.
Friends who have been paying attention to the payment industry recently will find that Yibao Pay, which has been dormant for many years for some reasons, has ushered in a revolutionary product and launched a card-swiping virtual terminal POS machine for the first time.
As far as I know, this is the first formal payment company with a third-party payment license to launch a virtual terminal POS machine. In other words, this latest virtual terminal POS machine was officially approved by the People's Bank of China and UnionPay. Licensed products, needless to say, have no issues with safety.
Currently, this product supports credit card payments from major banks through Cloud Quick Pass, face payment, and contactless NFC payment.
When mobile POS was first launched, it was considered to have a wide range of application scenarios in small and micro markets and rural markets, and the mobile POS product launched by Yipay Pay is also aimed in this direction. The launch of mobile POS is a major improvement to the traditional offline payment and receipt methods. Mobile POS gets rid of many limitations of traditional POS machines and greatly accelerates the online pace of traditional fields through the mobile Internet. Applications in B-side enterprises are more attractive.
This time Yibao Pay chose to take the lead in launching mobile POS products in the insurance industry and power industry. It is precisely because of this consideration that it uses innovative financial technology to help industries that traditionally rely on offline go online. Transformation.
According to a report from the China Banking and Insurance Regulatory Commission, as of December 31, 2019, insurance companies had 9.73 million sales personnel, including 9.12 million agency sales personnel. The number of agents of Ping An Life Insurance alone exceeded 1 million.
In today's highly developed Internet world, the number of insurance agents is still increasing. There is only one reason for this. Insurance products require a large number of offline consultation and configuration services, which cannot be fully relied on at present. Users’ independent choices online.
However, onlineization is undoubtedly an inevitable trend in the development of the insurance industry. In May this year, the China Banking and Insurance Regulatory Commission issued the "Guiding Opinions on Promoting the Online Development of Property Insurance Business", requiring that by 2022, the online rate of domestic insurance businesses such as auto insurance, agricultural insurance, accident insurance, and short-term health insurance must reach More than 80%.
Whether it is property insurance or life insurance, going online requires tools. In addition to necessary system construction, big data, cloud computing and other underlying technological capabilities, how to revitalize the existing huge team of insurance agents is also a must. Questions to consider. The application of mobile POS in the insurance industry has accelerated this process to a certain extent.