A few days ago, a related report about “Personal collection codes will be disabled for business services from March 1, 2022” has been swiping the network. What is the truth? Some netizens are worried about the impact of buying pancakes and fruits on the roadside?
According to @ , it was learned from the relevant department of the People’s Bank of China that this statement was misunderstood. Merchants who use “code cards” or printed and packaged QR codes need to apply to collection service agencies (such as WeChat, Alipay, etc.) to switch to commercial collection codes, but consumers’ daily payment experience and feelings will not be affected.
A person from the People’s Bank of China made an analogy: If consumers buy pancakes and fruits at the early stalls and are used to paying with their mobile phones, they can still pay by scanning codes and other methods without any change.
If the vendor who sells vegetables has already used the business collection code to collect money, it will not be affected in any way.
It is understood that some merchants previously used “code plates” or printed and packaged QR codes for payment. Such “personal static payment barcodes” are less secure for payment and are easy to be used by criminals and require payment service agencies ( Such as WeChat, Alipay, etc.) apply to convert to a commercial collection code.
In addition, in accordance with relevant requirements, it is not allowed to provide personal collection services related to business activities through personal payment barcodes for individuals with obvious characteristics of business activities. As for which users are “with obvious business characteristics”, the China Payment and Clearing Association is studying and formulating relevant standards.
The notice will come into effect on March 1, 2022. A person from the People’s Bank of China stated that before the relevant requirements are implemented, payment service institutions must fully and fully assess the normal payment needs of customers and formulate supporting service solutions to ensure that service costs and service quality are not reduced.
Collection service agencies are obliged to provide merchants with commercial collection codes for free, and merchants only need to provide necessary identity verification information.
Can I still use the QR code for payment? The central bank’s response: consumers’ daily payments will not be affected