It is worth mentioning that with the introduction of digital RMB, the payment industry chain will usher in new opportunities. Zhu Chuzhong, senior vice president of Card Transfer Company, said that digital RMB is the legal tender in digital form, and it is still "money" in essence. In other words, the payment tools have changed and the functions have increased, but the channels and scenarios have not changed, only the cash has been replaced by digital RMB. From this perspective, the introduction of digital RMB will not affect the acquiring institutions. Some payment institutions also believe that digital payment is a trend in the future, and early entry may win the opportunity.
With the gradual stabilization of domestic and global economy, Analysys predicts that China's macroeconomic growth and residents' income will gradually return to a relatively normal development track in the future, thus promoting the further development of the third-party payment industry in China. The sudden outbreak of COVID-19 affected residents' consumption to a certain extent, but it also indirectly promoted the upgrading and development of cmnet and industry digitalization.
According to the data of Analysys Qian Fan, as of 202 1 and 1 quarter, the number of quarterly active users of APP in the payment field in China has reached 97 1 10,000, an increase of1/0.6% compared with the same period of last year, and the scale of quarterly active users in the industry has once again reached a record high; At the same time, the proportion of quarterly active users of payment apps in the whole network has also increased from 85% in 2020 1 quarter to 94% in 2026 1 quarter.
In 2020, the transaction scale of China mobile payment market was 25.34 billion, up 23.7% year-on-year, and the overall transaction scale of the industry reached a record high. Among them, the overall transaction scale of Internet payment in China showed a negative growth in 20 19, and the transaction scale reached 24.95 trillion yuan in 2020, an increase of 0.8% compared with 20 19.
According to Analysys, "the good performance of e-commerce and finance will be an important reason for the positive growth of Internet payment transactions in China in 2020. In 2020, the transaction scale of online retail B2C market in China will increase by 18.4% compared with 20 19 years. In terms of financial transactions, according to the data of China Asset Management Association, by the end of 65,438+February in 2020, the total asset management scale of Public Offering of Fund in China had reached 1.989 trillion yuan, an increase of 34.70% compared with the end of 20 19. "
While Internet payment transactions keep growing, the growth trend of offline code scanning market is also good. In 2020, the overall transaction scale of offline scanning code market in China reached 37.5 trillion yuan, an increase of 24.3% compared with 20 19, and it still maintained a relatively stable growth trend against the background of COVID-19 epidemic.
According to Analysys, the timely control of the epidemic situation by the China government and the rapid recovery of residents' out-of-home consumption will be the important reasons for the continuous growth of offline scanning code market in China in 2020.
Since 2020, the supervision of the payment industry has been gradually refined, and documents such as Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Services (Draft for Comment), Measures for the Deposit and Management of Customers' Reserve Funds of Non-bank Payment Institutions, and Regulations on the Management of Non-bank Payment Institutions (Draft for Comment) have been issued one after another. We should not only strictly supervise payment institutions, but also strictly manage payment terminal manufacturers.
In May, 20021,the central bank announced the results of the second renewal of the first batch of 27 payment licenses. Among them, 24 institutions have successfully renewed their contracts, and Guangzhou UnionPay Network Payment Company, Beijing Digital Wangfujing Technology Co., Ltd. and Beijing UnionPay Commercial Company intend to carry out integration work with their controlling shareholders' banking business, and propose to the central bank to terminate the renewal review. After this renewal, the total number of existing third-party payment licenses in China is 2,365,438+0.
Under the circumstances of stricter supervision and changeable market environment, payment institutions are looking for new growth points of performance. From the annual reports of listed payment companies such as Lacarra, Baifu Global, Yika, Xindu and New World, it can be seen that enterprise empowerment and digital RMB (hereinafter referred to as digital RMB in digital currency) are the focus of future layout. In particular, the issuance of digital RMB means the new market increment and iterative demand of payment acceptance terminals. From this perspective, the payment field has ushered in a brand-new development opportunity.
For example, New World uses its own production capacity reserves and technological advantages to cooperate with pilot banks, operators and other relevant institutions to complete the research and development of related software systems and hardware products in digital currency. Referring to the plan of 202 1, New World indicated that it would continue to expand R&D investment and maintain its continuous innovation capability, especially around new payment methods such as digital currency, and actively explore and block the technological innovation and path of the next generation hardware acceptance terminal.
As one of the cooperative institutions of the Institute of Mathematics and Physics of the Central Bank, the relevant person in charge of Lacarra said, "Lacarra will continue to intensify technological innovation and develop more digital RMB application scenarios, and on this basis, vigorously develop digital RMB acceptance business and digital services for merchants to help merchants improve their digital management capabilities. For example, efforts are made in hardware wallets and inter-enterprise supply chain system innovation to meet the convenient use needs of users and businesses. "
In the view of new capital, digital currency has both impacts and opportunities on the industrial chain of the payment industry. POS and ATM will become the key areas of C-end domain transformation, and full-scenario penetration will also transform existing payment portals. In 2020, the POS terminal device N86 developed by Xindu digital currency Research Institute can not only support bank card and QR code payment, but also accept settlement in digital currency. In the future, the company will continue to promote technology research and development and cooperation of payment software and hardware in digital currency, continuously optimize relevant application technologies and service scenarios in digital currency, and continuously explore innovative business models.
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