Yes. Cloud payment refers to a new generation of payment mode based on cloud computing architecture, relying on the Internet and mobile Internet, and using cloud payment terminal as a carrier to provide customers including individuals, families, merchants, and enterprises with a variety of cloud services such as settlement, financial services, information, e-commerce, vertical industry applications, and big data based on secure payment.

Cloud Payment Terminal--Providing Secure Services Anytime, Anywhere

Cloud payment terminals are available in a variety of forms, including payment devices used in conjunction with smartphones and tablets, as well as other intelligent multimedia cloud POS that use smart operating systems such as Android, such as Lakala Open Shop Bao, UnionPay Cloud POS terminals. Compared with traditional payment terminals, cloud payment terminals have four major features:

1. Based on a smart operating system with better openness.

2. Based on the Internet and mobile Internet.

3, support touch, large color screen, experience.

4, the business presentation capabilities and interactive capabilities to support complex business.

Expanded Information:

Role:

1, cloud payment to help banks realize the Strategic transformation

With the intensification of competition, the banking industry has begun to seek the transformation of the development strategy, in the business philosophy, cloud payment is conducive to responding to customer demand, the development of customized business applications, help banks will be to the "customer service model" transformation; in the development strategy, the cloud payment of the rich functionality of the application to increase the frequency of use and user stickiness of the terminal. In terms of development strategy, the rich functionality of the cloud payment application increases the frequency of use and the user's stickiness, and improves the profit contribution rate of a single device;

The platform supports the expansion of the bank's internal (intermediary, credit card, and third-party business) and external industry business, and the terminal's return on investment continues to improve, which promotes the bank's goal of establishing a "connotative and intensive development mode".

2, seize the dominance of the payment industry chain

Banking industry with a full range of payment terminals, in the financial ecosystem, as well as including e-commerce, logistics, advertising operations, location-based services, supply chain finance, industry applications and other non-financial service ecosystems, these channel advantages will help banks to occupy a dominant position in the industry.

Seizing the dominance of the entire payment industry chain enhances the bank's voice and competitive advantage in the industry chain. Changes in the cloud payment service model, business expansion model, and profitability model will drive changes in the bank's business model.

Baidu Encyclopedia-Cloud Payment