Spring Festival transfer transactions increased by 65.5% Cloud Flash Payment App continued to make efforts to benefit the people's safe payment

In September 2020, the Cloud FlashPay App obtained the App Security Certification Certificate issued by the China Cyber Security Review Technology and Certification Center; in January 2021, the Cloud FlashPay App was expanded to 38 cities and subways across the country; during the Spring Festival in 2021, the number of Cloud FlashPay App transfer transactions increased by 65.5% year-on-year, and over the past three years, based on the multi-party cooperation business model of "win-win cooperation, symbiosis and common prosperity", the Cloud FlashPay App continues to integrate new features and new rights. We continue to innovate in terms of benefiting the people, secure payment, and convenient payment, adapt to the needs of users in the digital payment era, and provide digital service capabilities for merchants and all parties in the industry.

Benefit the people to pay, innovative activities to promote consumption

During the Spring Festival in 2021 (Chinese New Year's Eve to the fifteenth day of the first month), online payment services such as cloud flash payment transfer and pressed old money and "cloud shadow tickets" were favored by consumers, the number of cloud flash payment App transfer transactions increased by 65.5% year-on-year, and the consumption amount of "cloud shadow tickets" increased by 299% compared with the pre-Spring Festival, and users in Shenyang, Xining, Tianjin and other places most loved to use "cloud shadow tickets" to watch movies.

The cloud flash payment App responds to the call for "local New Year" with discounts, full reductions and other preferential offers, which is only a microcosm of Huimin's livelihood. During the epidemic prevention and control period, in order to help prevent and control work and promote consumption replenishment, the "health code" related applications were launched in 25 provinces, autonomous regions and municipalities across the country, and the "Revitalization Engine" business assistance and benefit people plan was launched nationwide, and together with local governments and commercial banks, more than 77 million consumption coupons were issued through the cloud flash payment app in more than 200 cities across the country, driving consumption of more than 7.6 billion yuan and helping 350,000 merchants survive difficult times.

Secure payment, strengthen privacy protection and obtain authoritative certification

Since 2020, Cloud FlashPay App has continuously achieved important results in the field of mobile Internet application (App) security. In May, the first batch of cloud flash payment Apps were selected into the "Mobile Finance Client Software" filing management list of the China Internet Finance Association. In September, The Cloud FlashPay App obtained the App Security Certification Certificate issued by the China Cyber Security Review Technology and Certification Center.

As a unified app for the banking industry, the functions of the Cloud FlashPay App have been continuously optimized and improved, and the level of personal information protection and security has been continuously improved. At the first Mobile Internet Application Security Development Summit, Cloud FlashPay App and more than 60 enterprises jointly launched the "Top Ten Initiatives for the Protection of Personal Information of Mobile Internet Application Users" to maintain the healthy and orderly development of the industry. At the same time, the Cloud Flash Pay App is one of the first batch of mobile financial client security management filing pilot enterprises of the China Internet Finance Association. In addition, in various industry security summits such as the Internet Finance Payment Industry Security Alliance Conference and the 2020 National Cyber Security Publicity Week, Cloud Flash Payment has actively participated in creating a social atmosphere that pays attention to network security and attaches importance to network security, and fulfills the mission of "payment for the people".

Convenient payment, more functions, full coverage of scenarios

All along, the Cloud FlashPay App has continuously optimized its convenient payment services, and the number of registered users has reached a new high. The user experience of Cloud Flash Pay version 8.0 has been further improved, bringing together six core functions of Mini Programs, Consumption Coupons, Health Codes, Card Rights, Overseas Services and Mobile Payment Convenience Project. At present, the Cloud FlashPay App supports more than 670 bank debit card balance inquiries, more than 150 bank credit card bill inquiries and 0 handling fee repayment, medical insurance electronic vouchers have covered nearly 24 provinces, municipalities and autonomous regions such as Beijing, Shanghai, Guangdong, etc., and the government service "One Netcom Office" has covered 18 provinces and cities across the country such as Zhejiang, Guangxi, and Guangdong, focusing on creating a handheld medical service system to benefit the people. There are 38 city subways, buses in more than 1,750 cities and counties, 300,000 retail chain stores, 86,000 TOP restaurant chain stores, and more than 2,000 campus-supported cloud flash payment apps.

Relying on digital payment service capabilities, the Hong Kong and Macao version of "Cloud Flash Pay" functions are constantly enriched, and convenient services such as local payment, online taxi booking, Macao health code application, nucleic acid testing appointment, cross-border tax payment, and home cleaning are launched to meet the needs of users' life and consumption payment.

As a unified banking app jointly developed and constructed by China UnionPay and commercial banks, Cloud FlashPay App has always been committed to creating safe and efficient payment services for the people. In the first year of the "14th Five-Year Plan", China UnionPay continued to adhere to and develop the "four-party model", optimized platform-based products and services such as the cloud flash payment App, continuously explored and innovated the multi-party cooperation business model of "win-win cooperation, symbiosis and co-prosperity", built a new industrial cooperative relationship in the digital era, and provided efficient and secure payment guarantee for accelerating the construction of a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles promoting each other. Text/Shang Guang

Daily economic news