Simply put, aggregate payment is a "Pratt & Whitney" payment tool that combines various payment methods such as Alipay, WeChat payment, Huayuan and Wing payment. For consumers, whether they use Alipay or WeChat payment, or other payment tools, they can make payments; For the payee, there is no need to worry about the conflict between the consumer's payment instrument and his own cashier instrument, and he can also know the data of each payment instrument.

Advantages of lump sum payment

With the popularization of aggregate payment, various practitioners began to enter the payment market, and individuals, banks, institutions and service providers appeared one after another, which promoted the development of aggregate payment. As a company with payment license under the central bank, third-party payment institutions provide interfaces, link bank payment systems and provide services for fourth-party payment. Fourth-party payment cooperates with third-party payment, integrates interfaces, and provides integration of collection and management based on merchants. With the use of this mode, the previous cashier mode of merchants has also changed greatly, providing consumers with a good shopping experience.

At present, the main payment field is QR code payment aggregation. The aggregation of this agent is Alipay, WeChat payment, Jingdong payment and a few bank payments. In the future, with the rapid development of integrated payment, prepaid card integrated payment services such as bank card acquiring, Alipay, WeChat payment, game card, mobile phone prepaid card and bus card will appear. It may become a development trend. The market rules are clear, and industry leaders such as banks, UnionPay and non-bank payment institutions are likely to lay out the aggregate payment market, thus guiding the market to develop in the direction of diversified on-site aggregation and realizing a truly diversified payment alliance.