On December 17, China China Minsheng Banking Corp.Ltd(600016) and China UnionPay signed a comprehensive strategic cooperation agreement and a strategic cooperation agreement on cloud flash payment business. Shao Fujun, chairman of China UnionPay, Cai Jianbo, President, Hu haozhong, executive vice president, China Minsheng Banking Corp.Ltd(600016) chairman Gao Yingxin, President Zheng Wanchun, vice presidents Chen Qiong, Lin Yunshan and chief information officer Zhang Bin attended the signing ceremony.
Through this strategic cooperation, based on the rich cooperation achievements in the early stage, the two sides will further establish a long-term and effective cooperation mechanism for card issuance and acceptance business, and carry out all-round cooperation in the fields of payment product innovation, convenient scene construction, small and micro customer settlement, cross-border payment, joint marketing, joint risk prevention and control, and compliance development of big data business. Among them, based on the cloud flash payment online payment platform and combined with the advantages of China Minsheng Banking Corp.Ltd(600016) app users, the two sides will further strengthen the in-depth cooperation between mobile payment and finance to benefit the people, and jointly create a new paradigm of industry cooperation with user sharing, scenario interoperability and collaborative development.
After the strategic cooperation is reached, China Minsheng Banking Corp.Ltd(600016) has become the first commercial bank to realize the cooperation between cloud flash payment online payment platform and bank app. Under the goal of “unified identification, unified experience and unified interface”, users of China Minsheng Banking Corp.Ltd(600016) “national life app” will enjoy richer cloud flash payment service contents and preferential rights and interests.
Shao Fujun, chairman of China UnionPay, said that in order to implement the deployment of the people’s Bank of China on financial services to the real economy, China UnionPay gave full play to the hub, organization and coordination role of the clearing institution, cooperated with all parties in the industry including China Minsheng Banking Corp.Ltd(600016) , explored and practiced the construction of the “Four Party model” of online payment, and helped the digital transformation of commercial banks and the development of mobile payment business. The strategic cooperation with China Minsheng Banking Corp.Ltd(600016) was comprehensively upgraded. Based on the cloud flash payment network payment platform, it created a unified payment experience on the bank side, helped the bank app expand the acceptance area, served the business needs of commercial bank users, and opened a new attempt to build a new pattern of mobile payment market. Under the leadership of the people’s Bank of China, China UnionPay will continuously improve the platform capacity and service quality, and work with all parties to inject new connotation into the high-quality development of the payment industry.
Gao Yingxin, chairman of China Minsheng Banking Corp.Ltd(600016) said that China Minsheng Banking Corp.Ltd(600016) as the first commercial bank to cooperate with bank app on cloud flash payment network platform, the signing of a comprehensive strategic cooperation agreement with China UnionPay this time has a broader demonstration effect and higher-level strategic significance. This time, the two sides signed a strategic cooperation agreement on cloud flash payment business to open up the three links of payment, service and users, form complementary advantages and achieve win-win cooperation. China Minsheng Banking Corp.Ltd(600016) will further strengthen and deepen cooperation in various fields with China UnionPay, improve service and user experience, and jointly promote the digital transformation of payment industry.
In the future, the two sides will continue to uphold the original intention of “payment for the people”, rely on the advantages of their respective fields, strengthen the strategic partnership, work together to expand and strengthen the bank UnionPay service network, and jointly promote the high-quality development of the payment industry.
(Changjiang network)
