What is the actual usage scenario of aggregate payment?

The concept of aggregate payment is divided into three-way aggregation and four-way aggregation.

The three-party mode of aggregate payment generally refers to the combination of various types of code scanning payment, bank card swipe payment and online payment in a unified system.

The total payment of the four-party model was originally the origin of the word "total payment". It refers to the "payment service" that only engages in services other than "payment, settlement and liquidation", integrates the payment services of more than one bank, non-bank institution or liquidation organization with the help of their payment channels and settlement capabilities and their own technology and service integration capabilities, and provides merchants with but not limited to "payment channel service" and "payment channel service".