The new normal of the POS machine market: "broken straight" is a pros and cons for end users.

In 2018, the brand of “Second Qing” pos machine in the pos machine market has been few. However, various types of APPs such as cardless payment, aggregation payment, and credit card repayment are still very active.

All kinds of mobile phone APPs similar to POS machines, the capital circulation channels, mostly "direct connection" mode, the cost is low.

Direct connection is the direct docking between various types of acquirers and banks, similar to online banking transfers. In this way, the supervision of the payment clearing association can be avoided, and the cost is greatly reduced. However, because of the lack of an intermediate regulatory environment, capital security has always been a hidden danger.

The "broken direct connection" is the payment business of all payment companies, which needs to be cleared by the UnionPay regulator. In this way, the transaction funds generated by the user's card swiping, scanning, etc., are first managed by the clearing institution and then transferred to the next link.

At the end of 2017, the central bank issued documents. At the end of June 2018, all payments must be connected to the network supervision, and all “direct” transactions will no longer be allowed.

Before the end of June 2018, the payment agency's "guarantee" has been submitted in large amounts. The deadline is April 9, 2018, and the maximum reserve ratio is up to 50% of the daily transaction amount.

What changes will the POS machine market have?

1. A large number of second cleaning machine brands will be completely retired, lacking payment licenses, and unable to access the network. The “direct connection” behavior is prohibited, and the second cleaning machine will not operate normally.

2. A large number of aggregate payment apps will exit the market.

3, all kinds of scanning payment, fast payment rate will increase.

4. The cost of card swabs is increased, but the funding channel is more assured.