With the rise of mobile payment methods such as WeChat payment and Alipay, many businesses can't help but wonder if the POS machine will be eliminated in the future. Shouldn't it be a POS machine?

According to China UnionPay recently released the card spending data during the Spring Festival, during the Spring Festival holiday period of 2016 (New Year's Eve to the sixth day of the first month), the total number of online transactions of UnionPay reached 307 million, an increase of 15% over the same period of last year, and the total transaction amount reached 312.1 billion. Yuan, an increase of 31% over the same period last year.

Among them, supermarkets, large household appliances monopoly and department stores accounted for more than half of the total, the value of three types of merchants card transactions increased by 41%, 22% and 13%, while food and beverage consumption contributed more than 5 billion yuan for long-term transactions.

According to the statistics of the UnionPay big data platform, during the Spring Festival, the amount of catering and consumer bank card transactions in China increased by 6%, with an average of 585 yuan per pen.

The data also showed that during the Spring Festival, Guangdong, Shanghai, Beijing, Jiangsu and Zhejiang had the highest consumption in catering. In terms of year-on-year growth, consumption in Tibet, Gansu, Beijing, Fujian, and Hubei increased the most, at 53%, 51%, 42%, 42%, and 37%, respectively. In terms of the number of people in various places, Shanghai, Beijing, Hainan, Guangdong and Fujian have the largest per capita food and beverage consumption, and the corresponding per capita consumption of food in Guizhou, Hunan, Jilin, Heilongjiang and Yunnan is the least.

The sales terminal card is still in the mainstream, and the online business of channels such as mobile internet has increased by 170% year-on-year. As of the end of 2015, the number of merchants, POS and ATMs that can use UnionPay cards in China increased by 38.8%, 43.2% and 17% respectively.

This means that POS machine credit card consumption is still the mainstream, especially for small partners in the catering and tourism industry, must have a POS machine. In fact, with the diversification of payment methods, the traditional POS machine is constantly updated and improved. For example, the POS machine that Yinsheng pays supports WeChat payment, credit card payment, etc. In order to help merchants quickly arrive, it also provides “D”. +0" business, the same day the credit card is received.

At the same time, Yinsheng Payment also launched mobile payment artifact mPOS for small and micro merchants, collecting money anytime and anywhere, downloading Yinshengtong APP, and timely inquiring, credit card, charge recharge, red envelope, network management, etc. Achieve a multi-function.

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