The conservatives of Canadians have caused large financial institutions such as China UnionPay to “scratch their heads†– just announced last week that UnionPay’s “QuickPass†was opened in Canada. However, the news obtained by this journal refers to the suspension of related cooperation with UnionPay, the processor platform that originally undertook the Canadian flash payment business.
In this regard, the representative of UnionPay in Canada insisted that Flash Pay will still enter Canada, but as for which company will undertake the Flash payment business in the future, it will wait for the Chinese headquarters to say. As of the deadline for this publication, there is no further information.
Although UnionPay did not say the reason, some merchants said that even if there is a "cloud flash payment", they are not interested in using it, because each consumption limit is only 100 Canadian dollars, unless the supermarket, the Chinese Hawker will exceed the credit card each time; This is paid by mobile phone, and merchants are worried about security issues.
After successfully opening up the Australian market, UnionPay International, a subsidiary of China UnionPay, announced on the 16th that it will be the first to open the UnionPay "Cloud Flash Payment" function in some merchants in North America and Canada. Originally, this single business fell to the Canadian payment processor company Moneris. In the hands. If the cooperation is successful, Moneris is the largest payment processor in Canada and the first payment processor company. In the future, all merchants using Moneris can also use the “Cloud Flash Pay†function when accepting UnionPay cards.
However, the paradox is that the cooperation between Moneris and China UnionPay has been stranded on the occasion of UnionPay’s announcement that Cloud Flash will officially enter Canada. The latest news from this journal is that "Flash Pay" will still be launched in Canada, but Moneris terminals do not accept this technology.
Canada uses Chinese credit card to increase
Why did Moneris suddenly suspend cooperation with UnionPay in the cloud flash payment? Who will become the partner of UnionPay? These questions have no answer. I asked the person in charge of UnionPay in Canada and replied that all questions should be submitted in writing. Write the question and send it to the past. Later, the other party responded again - the question will be sent to the Chinese headquarters, please wait.
Regardless of the actual situation, from the earlier situation, Moneris is quite positive about the business development of UnionPay in North America and Canada. According to data released by Moneris, the credit card usage rate in Canada has been rising continuously: in the first quarter of 2016, China’s credit card spending increased by 12.66% compared with the same period last year; in the fourth quarter of 2015, China’s credit card The amount of consumption increased by 24.1% compared with the same period of the previous year. Although this data is not specific to the use of UnionPay customers, it is enough to prove the growing consumer power of Chinese consumers and the importance of the Canadian market.
UnionPay card users spend a large amount of money
Well, the question is: Since UnionPay is so popular in Canada, it is not unreasonable to stop cooperation. Perhaps, the explanation of SilverGallery, a high-end silver jewelry store in Vancouver, will give you a better understanding.
Located in Gastown, the Silver Gallery is the largest collection of silver jewelry in Vancouver. The owner is a Chinese immigrant. About a year ago, the store installed a credit card machine issued by the Bank of China. I heard that UnionPay will pay in Canada, but CeliaTang, the person in charge, said that this feature should not be activated. She said that the number of guests who use UnionPay cards in the store has increased year by year, and the amount of consumption is relatively large, but it is because the consumption quota is too large to use the flash payment.
"UnionPay's credit card machine pays more than a dozen Canadian dollars a month. Although it doesn't sound much, there are no monthly fees for other local companies' credit card machines. However, considering the needs of customers, we think it is very necessary to install them."
Among the customers who use UnionPay cards, Celia found that more than 90% of them are tourists from China, but there are also a few local guests. "Some people are not willing to spend money here (Canada). UnionPay cards can be here. After the card is swiped, the RMB is settled in China. Some people just figure it out. In general, the customers who pay with the UnionPay card account for about 1% to 5% of the total customer, although the number is not much, but the consumption quota is Not small, and the number of people is increasing year by year."
"Flash payment" is not actual merchants refused to install
According to Celia, before installing the UnionPay credit card machine, the store often encountered customers who bought UnionPay cards to buy things, and the local credit card machine could not pay. Until the purchase of the UnionPay card-specific credit card machine from the outside of the Bank of China, the situation was greatly changed, and there was almost no problem of unsuccessful card swipe.
She said that customers who use UnionPay cards generally have a wide range of shots, but whether they are thousands of Canadian dollars or tens of thousands of Canadian dollars, there is no shortage of credits, indicating that Chinese consumers are very strong in economic strength: "Maybe some guests Take the cap with no limit!"
Although it is necessary to install the UnionPay card swipe machine, Celia said that she is not interested in the “Flash Pay†of UnionPay, and feels that even this new feature will not be used:
"We don't even need the tapping function of the local credit card machine. In case someone steals the card or picks up the card and goes to the "flash payment", it is not good. The business selling vegetables, fruits and small department stores does not matter. Because the amount is not big, but we are selling jewellery, and the loss of a problem is big!"
Applicable to small-value consumption flash payment has landed in Australia
"QuickPass" is the name of the payment method using non-contact sensing. It refers to the payment by mobile devices such as mobile phones. It is launched by China UnionPay, and its functions and operations are similar to Apple's mobile payment system ApplePay.
In China, cloud flash payment has been widely accepted by the public with the popularity of smart phones. It is mostly used for small-scale fast payment such as fast food, supermarkets, public transportation, convenience stores, etc., without entering a password or signature, and the consumption limit is 1,000 yuan. The flash payment into Canada, the earlier news that the consumption ceiling is about 100 Canadian dollars.
At the end of 2015, China UnionPay and more than 20 commercial banks jointly announced the opening of mobile payment functions, and called this image: "One wave at a time." The user first needs to have a mobile phone with a flash payment function, and then use it on a POS cash register that supports UnionPay flash payment. At that time, Xinhua News Agency said that UnionPay's flash payment can only be used on Android mobile phones, and then will be promoted to Apple mobile phones.
According to the data, more than 2 billion UnionPay chip cards have been issued worldwide, and the number of terminals that can be used for flash payment in China and abroad has exceeded 7 million. Prior to Canada, Australia had opened the UnionPay flash payment function, becoming the largest overseas market for flash payment terminals.
In this regard, the representative of UnionPay in Canada insisted that Flash Pay will still enter Canada, but as for which company will undertake the Flash payment business in the future, it will wait for the Chinese headquarters to say. As of the deadline for this publication, there is no further information.
Although UnionPay did not say the reason, some merchants said that even if there is a "cloud flash payment", they are not interested in using it, because each consumption limit is only 100 Canadian dollars, unless the supermarket, the Chinese Hawker will exceed the credit card each time; This is paid by mobile phone, and merchants are worried about security issues.
After successfully opening up the Australian market, UnionPay International, a subsidiary of China UnionPay, announced on the 16th that it will be the first to open the UnionPay "Cloud Flash Payment" function in some merchants in North America and Canada. Originally, this single business fell to the Canadian payment processor company Moneris. In the hands. If the cooperation is successful, Moneris is the largest payment processor in Canada and the first payment processor company. In the future, all merchants using Moneris can also use the “Cloud Flash Pay†function when accepting UnionPay cards.
However, the paradox is that the cooperation between Moneris and China UnionPay has been stranded on the occasion of UnionPay’s announcement that Cloud Flash will officially enter Canada. The latest news from this journal is that "Flash Pay" will still be launched in Canada, but Moneris terminals do not accept this technology.
Canada uses Chinese credit card to increase
Why did Moneris suddenly suspend cooperation with UnionPay in the cloud flash payment? Who will become the partner of UnionPay? These questions have no answer. I asked the person in charge of UnionPay in Canada and replied that all questions should be submitted in writing. Write the question and send it to the past. Later, the other party responded again - the question will be sent to the Chinese headquarters, please wait.
Regardless of the actual situation, from the earlier situation, Moneris is quite positive about the business development of UnionPay in North America and Canada. According to data released by Moneris, the credit card usage rate in Canada has been rising continuously: in the first quarter of 2016, China’s credit card spending increased by 12.66% compared with the same period last year; in the fourth quarter of 2015, China’s credit card The amount of consumption increased by 24.1% compared with the same period of the previous year. Although this data is not specific to the use of UnionPay customers, it is enough to prove the growing consumer power of Chinese consumers and the importance of the Canadian market.
UnionPay card users spend a large amount of money
Well, the question is: Since UnionPay is so popular in Canada, it is not unreasonable to stop cooperation. Perhaps, the explanation of SilverGallery, a high-end silver jewelry store in Vancouver, will give you a better understanding.
Located in Gastown, the Silver Gallery is the largest collection of silver jewelry in Vancouver. The owner is a Chinese immigrant. About a year ago, the store installed a credit card machine issued by the Bank of China. I heard that UnionPay will pay in Canada, but CeliaTang, the person in charge, said that this feature should not be activated. She said that the number of guests who use UnionPay cards in the store has increased year by year, and the amount of consumption is relatively large, but it is because the consumption quota is too large to use the flash payment.
"UnionPay's credit card machine pays more than a dozen Canadian dollars a month. Although it doesn't sound much, there are no monthly fees for other local companies' credit card machines. However, considering the needs of customers, we think it is very necessary to install them."
Among the customers who use UnionPay cards, Celia found that more than 90% of them are tourists from China, but there are also a few local guests. "Some people are not willing to spend money here (Canada). UnionPay cards can be here. After the card is swiped, the RMB is settled in China. Some people just figure it out. In general, the customers who pay with the UnionPay card account for about 1% to 5% of the total customer, although the number is not much, but the consumption quota is Not small, and the number of people is increasing year by year."
"Flash payment" is not actual merchants refused to install
According to Celia, before installing the UnionPay credit card machine, the store often encountered customers who bought UnionPay cards to buy things, and the local credit card machine could not pay. Until the purchase of the UnionPay card-specific credit card machine from the outside of the Bank of China, the situation was greatly changed, and there was almost no problem of unsuccessful card swipe.
She said that customers who use UnionPay cards generally have a wide range of shots, but whether they are thousands of Canadian dollars or tens of thousands of Canadian dollars, there is no shortage of credits, indicating that Chinese consumers are very strong in economic strength: "Maybe some guests Take the cap with no limit!"
Although it is necessary to install the UnionPay card swipe machine, Celia said that she is not interested in the “Flash Pay†of UnionPay, and feels that even this new feature will not be used:
"We don't even need the tapping function of the local credit card machine. In case someone steals the card or picks up the card and goes to the "flash payment", it is not good. The business selling vegetables, fruits and small department stores does not matter. Because the amount is not big, but we are selling jewellery, and the loss of a problem is big!"
Applicable to small-value consumption flash payment has landed in Australia
"QuickPass" is the name of the payment method using non-contact sensing. It refers to the payment by mobile devices such as mobile phones. It is launched by China UnionPay, and its functions and operations are similar to Apple's mobile payment system ApplePay.
In China, cloud flash payment has been widely accepted by the public with the popularity of smart phones. It is mostly used for small-scale fast payment such as fast food, supermarkets, public transportation, convenience stores, etc., without entering a password or signature, and the consumption limit is 1,000 yuan. The flash payment into Canada, the earlier news that the consumption ceiling is about 100 Canadian dollars.
At the end of 2015, China UnionPay and more than 20 commercial banks jointly announced the opening of mobile payment functions, and called this image: "One wave at a time." The user first needs to have a mobile phone with a flash payment function, and then use it on a POS cash register that supports UnionPay flash payment. At that time, Xinhua News Agency said that UnionPay's flash payment can only be used on Android mobile phones, and then will be promoted to Apple mobile phones.
According to the data, more than 2 billion UnionPay chip cards have been issued worldwide, and the number of terminals that can be used for flash payment in China and abroad has exceeded 7 million. Prior to Canada, Australia had opened the UnionPay flash payment function, becoming the largest overseas market for flash payment terminals.
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