In 2023, with the in-depth implementation of the strategy of digital China and cyber power, the digital economy has become a stabilizer, accelerator and multiplier of China's economic and social development. Since the beginning of this year, China Telecom has been based on the new consumption platform of ePay, conforming to the development trend of the digital economy, accelerating the construction of a national financial technology team, continuously promoting the development of the mobile payment industry, reaping rich results in the construction of industrial ecology, and making significant contributions to the release of consumption potential and the improvement of economic vitality.
Led by responsibility, ecological cooperation builds a new industrial pattern
Since the beginning of this year, China Telecom has actively assumed the responsibility of the chain leader of the modern industrial chain of mobile payment, led the establishment of the mobile payment industry alliance, and joined hands with more than 200 partners to form diversified solutions with ePay as the cornerstone of its capabilities by integrating various resources of upstream, midstream and downstream enterprises in the industry.
China Telecom uses ePay as a platform to build a mobile payment industry development community, which not only helps to promote industrial interaction and ecological prosperity, but also helps the integration and integration of the mobile payment industry, realizes the upgrading of mobile payment from fragmentation to integrated development, and builds a new pattern of integration and development of the mobile payment industry.
At present, China Telecom has joined hands with 52 first-class enterprises to connect more than 60,000 payment scenarios, promote the professional integration of first-class enterprise payment platforms, open up the scenarios, traffic and data of various central enterprises, give full play to the resource advantages of central enterprises, stimulate the value and vitality of the industrial chain, and serve the economy to "stabilize growth and promote development".
At the same time, China Telecom has vigorously promoted the process of mobile payment interconnection through open platforms and channel advantages, and has now realized payment interoperability with UnionPay, Alipay and WeChat Pay, providing great convenience for users' lives and promoting the healthy development of the payment industry. At the beginning of 2023, Alipay will join hands with NetUnion to launch the payment method of ePay on the **appIn August, users can use the "Scan" function of the ePay app to complete the payment on the WeChat Pay personal collection code.
Technology empowers and digital transformation to vigorously promote new consumption
At the beginning of the year, the Ministry of Commerce positioned 2023 as the "Year of Consumption Boost", and a series of pro-consumption policies and measures were successively introduced and implemented to continue to release the potential of domestic demand. Giving full play to the advantages of scientific and technological innovation, ePay has played an active role in promoting the development of the digital economy and driving industrial transformation and upgrading, driving the rapid recovery of domestic consumption.
Relying on the leading level in product services, technological innovation, industrial empowerment, ecological sharing, etc., ePay cooperates with ecological strategic partners to export digital capabilities, continuously empowers digital operations through scientific and technological innovation, and promotes the digital transformation and development of the industry. Under the superposition of the advantages of "traffic + technology + operation", ePay has joined forces with central enterprises in many places to boost the vitality of regional economic development in the form of normalized preferential activities, consumption voucher issuance, and live streaming, and give full play to the traction and driving role of consumption in the economic cycle.
It is worth mentioning that at the Digital New Consumption Cooperation Forum of the 2023 Digital Technology Ecology Conference, ePay released 6 new scientific and technological capabilities, including the AI e-commerce model and the new generation of Transwarp platform, the pan-intelligent adaptive security operation platform, the cipher-flow sub-shield - post-quantum privacy computing platform, the cipher-e-e-map federated computing platform, and the Yufeng - a new generation of risk control platform.
The release of a series of scientific and technological capabilities has comprehensively demonstrated the scientific and technological strength of ePay in various fields such as financial cloud, blockchain & privacy computing, financial risk control, financial security, big data &AI, etc., which will further upgrade the security and experience of new digital consumption and accelerate the integrated development of the digital economy and the real economy.
Looking back on 2023, the digital economy is surging, and China Telecom Wing Pay, as a new force with both digital service capabilities and mobile payment services, has always played a role. In the future, China Telecom Wing Pay will continue to give full play to the advantages of cloud-network integration technology, use digital technology to actively explore new formats and models, fully release consumption potential, and add more vitality to the high-quality development of the economy.