What is electronic payment?

The guideline for electronic payment issue by that people's bank of China stipulates: "electronic payment refer to the behavior that units and individuals directly or authorize others to send payment instruction through electronic terminals to realize monetary payment and fund transfer. The types of electronic payment are divided into online payment, telephone payment, mobile payment, point-of-sale terminal transaction, ATM transaction and other electronic payments according to the initiation method of electronic payment instructions. "

Simply put, electronic payment refers to the monetary payment or fund transfer by all parties in electronic transactions, including consumers, manufacturers and financial institutions, through the network. Electronic payment is an important part of e-commerce system. In 20 19, Bank of China released the China inclusive finance Index Analysis Report, saying that by the end of 20 18, China had 7.22 bank accounts per capita; The proportion of adults using electronic payment in China is over 80%.

Extended data:

Compared with traditional payment methods, electronic payment has the following characteristics:

1. Electronic payment uses advanced technology to complete information transmission through digital circulation, and all payment methods are digital. The traditional payment method is to complete the payment through physical entities such as cash circulation, bill transfer and bank remittance.

2. The working environment of electronic payment is based on an open system platform (Internet); However, traditional payment is operated in a relatively closed system.

3. Electronic payment uses the most advanced communication means, such as Internet and extranet, while traditional payment uses traditional communication media; Electronic payment requires higher hardware and software facilities, and generally requires networked microcomputers, related software and other supporting facilities, while traditional payment does not have such high requirements.

4. Electronic payment has the advantages of convenience, quickness, high efficiency and economy. As long as users have a PC with Internet access, they can complete the whole payment process in a short time without leaving home. The payment fee is only a few tenths or even a few percent of the traditional payment.

References:

Baidu encyclopedia-electronic payment

References:

People's Daily Online-China has 7.22 bank accounts per capita, and the proportion of electronic payment exceeds 80%.