Aggregation payment, also known as the fourth-party payment platform, aggregates the payment interfaces provided by a number of third-party payments into one platform to provide payment services to merchants or individuals.

Aggregation payment doesn't need to pay a license, because it only completes the information flow in the payment link and the bearing of merchants' operations. On the basis of integrating mainstream payment methods including UnionPay, Alipay and WeChat, it helps merchants to reduce access costs and improve operational efficiency, and has the characteristics of neutrality, flexibility and convenience.

Extended information:

The emergence of aggregate payment is related to the current electronic payment market. The domestic electronic payment market is mainly composed of offline receipt, internet payment and mobile payment. Among them, the rapid development of mobile payment, the prosperous weather of mobile payment has led to the hidden worry of the domestic mobile payment market, that is, the mobile payment market is highly fragmented.

aggregate payment is relatively convenient, and only one code is needed to complete the payment link. This is very convenient for both merchants and consumers.

Baidu Encyclopedia-Aggregation Payment

People's Network-Aggregation Payment shows the trend of business diversification, and the standardization of the underlying technology needs to be improved.