The central bank promoted the IC card, and the pos machine ushered in the spring of development.
Since the establishment of the national IC card issuance schedule, the central bank has begun to deploy financial IC cards intensively. At the same time, its supporting pos machine and other equipment are also upgraded and upgraded accordingly.
According to the authoritative source of China UnionPay, since July 2011, the financial IC card acceptance market transformation in Shanghai has entered the second stage. The Shanghai area will first try the financial IC card acceptance and transformation, and its experience will be quickly replicated nationwide.
As an international financial center, Shanghai has taken the lead in IC card business. As of the end of June 2011, the acceptance rate of direct-linked point-of-sale (POS) IC cards has been close to 100%.
The latest information from China UnionPay shows that nearly 70,000 POS machines in Shanghai have been able to accept non-contact financial IC cards, covering large supermarkets, convenience stores, fast food restaurants and other fields. According to the deployment of the Shanghai Branch of the People's Bank of China, by the end of 2011, all POS machines can accept contact and non-contact IC cards. By the end of 2012, all bank ATMs (including self-service terminals) can accept contact IC cards.
In addition, from the perspective of other financial IC card pilot cities identified not long ago, the application of financial IC cards has begun to be intensively prepared. With the acceleration of financial IC cards in various parts of the country, smart card companies will usher in a long-awaited period of strong demand for financial IC cards. Among them, enterprises and related equipment supporting enterprises that are capable of producing financial IC cards complying with the PBOC2.0 standard will be expected to stand out in the financial IC card bidding projects of various banks and usher in a stable market profit period.
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