I, the impact on the user.
NetLink as the central bank is about to start the platform, his definition I can not say, but in common parlance, is the transit station for all transaction data, the most important purpose is only one, regulation, mainly for third-party payments, so that third-party payments are not allowed to connect directly to the bank, and the emergence of non-transparent data. For us users, do we need such regulation? Actually, it's really needed.
That's because there is an abnormal flow of funds from the bank account, such as theft, then if it goes out from the third-party payment, we are through the Internet UnionPay, which is well documented. We can note that the UnionPay and banks are excluded, by the central bank to do this, that is, the data of the Internet Union is the most comprehensive and clear. It's definitely good for our rights.
As for the central bank's regulation, the policy does not affect us much, it is for the better so that the third party payment does not make mistakes, better development, for the service of the user, so this point in the long run, but also for us to have a considerable benefit.
The further development of the Netflix model may have far-reaching significance in the future for our users to open accounts and manage their finances in various banks and various third-party payments, etc., which will definitely be more convenient and efficient.
There are also some Alipay commonly used functions, we will be more convenient and efficient, specific in the following description.
Two, the impact on Alipay.
Alipay is a third-party payment pioneer enterprises, because of its years of development more and more formal, this regulation I think Alipay is fearless. Corporate interests and the central bank will not conflict, so Alipay's data will not be worried. On the contrary, Alipay is happy, because the big data itself is the basis of Alipay's survival, for the peer UnionPay, Alipay is the most careful. Before the UnionPay requested the central bank to access the third-party payment data to the UnionPay network, to the end of the central bank did not do so, taking into account the cause of unfair competition between enterprises, because the UnionPay is not a government department after all, coupled with the imminent entry of international giants such as VISA and MasterCard clearing organizations, the central bank this time do it yourself, Alipay can rest assured.
Despite the fact that the technical issues are not a problem, then Alipay business still need to do a lot of adjustments.
For example, credit card repayments now seem bound to be the first adjustment, because credit card repayments are typical Alipay directly connected to the bank, because we can find the arrival time, the banks are different, some need to be within 3 days, there is indeed real-time to the account. At this point, if access to the Internet Union, I think in the case of the maturity of the Internet Union, can be realized by accessing the central bank super Internet banking many banks can be realized in real time to the account. Then Alipay does not need a bank to build channels, this point is Alipay very hopeful, instant efficiency improvement, good experience, while supporting more banks. Similarly, Alipay withdrawals will also be faster and will also be transferred to real-time arrival.
There are also niche technologies that may be phased out in the future, such as Alipay's one-card business. And fast payment is different, a card is belong to the agreement to pay, is also directly connected to the bank, can be realized is real-time cash. WeChat Paypal has completely abandoned the agreement to pay (Paypal a little pass), Alipay's remaining agreement to pay the current ICBC, China Merchants Bank, Postal Savings and Everbright, which real-time withdrawals are in addition to the ICBC accidental three banks, but in the future the banks can be through the super net banking real-time withdrawals, the agreement to pay the time should be completely out of the history stage. Then wrap up the work, perhaps for Alipay, not too much of a task.