After several "jumping tickets", the long-awaited Tencent TOS watch payment function has finally been realized. On the evening of March 31, Tencent released the official version of the mobile QQ version of Android 6.3, the new version added a number of new practical features, the most interesting of which is that QQ wallet will support the TOS watch to achieve mobile payment.

Previously, there was a view that the Tencent TOS watch launched a payment function in response to Apple Pay's entry into China. According to industry insiders, although WeChat and QQ are very strong at the software level, Apple's advantage is “hardware is application”. Compared with WeChat and QQ scan code payment, Apple Pay completes payment by “brushing mobile phone”. The experience is smoother.

However, the reporter contacted the Tencent TOS team and learned that the TOS watch's payment function still uses the common scanning code technology on the market, not the NFC technology used by Apple Pay and Samsung Pay.

In terms of specific use, Tencent TOS watch users first need to bind their own watches and mobile phones via Bluetooth. When they open the QQ wallet on the watch, they will appear QR code or barcode, and then scan the code to complete the payment.

In the vision of the Tencent TOS team, the watch payment function is mainly used in some micropayment scenarios. For example, buying goods in a convenience store. During the payment process, the user does not need to present the mobile phone, and all transaction data is transmitted to the mobile phone via Bluetooth.

Wang Can, Tencent's TOS product manager, told reporters that the adoption of Bluetooth technology is mainly due to stability and security considerations. “The Bluetooth connection is very stable. As long as the watch is connected to the phone, the payment can be completed within 3 seconds. Once the watch is taken away and disconnected from the phone, the payment function cannot be used to prevent theft.”

Wang Can told reporters that the next TOS watch payment will continue to dock the WeChat payment function, which has not been released yet because of the progress. It is understood that WeChat and WeChat monthly active accounts reached 697 million at the end of 2015, and the number of QQ users reached 800 million.

Technical dispute

It is not difficult to find that the Tencent TOS watch payment function is strongly dependent on the QQ wallet system. This idea is similar to the existing products on the market, that is, the payment link is still on the mobile phone, and the watch only functions as a mobile phone to pay for confidentiality.

This direction of development has deviated from the "original intention" of wearable devices. As early as two years ago, industry insiders have foreseen that wearable devices with smaller size, more biometric features, and more adaptability to specific scene applications are expected to serve as a more suitable carrier for “mobile payment”.

However, at present, watch payment and mobile phone are always unable to be decoupled, and lack of technical support is the main reason. The industry believes that QR code payment is only a compromise solution, which is not a real offline payment, but an offline payment.

But this issue is not just a "technical" issue. The above-mentioned unnamed industry insiders told reporters that it is not difficult to add NFC payment functions to watches. The difficulty is to open up the industrial chain between hardware manufacturers, UnionPay, banks and merchants.

In China, NFC payment has been born for nearly ten years, but its development speed has been slow. The reason is that the popularity of NFC requires a large number of hardware devices, and the premise that mobile phone manufacturers and financial institutions need to deploy a large number of hardware devices is a large enough market. Before the market outlook is unclear, all parties are mainly on the sidelines.

In such a long industrial chain, how to distribute benefits is also the focus of the players' game. The time for Apple Pay to enter China has been postponed repeatedly. The main reason is that the negotiations with UnionPay and China's major banks are not smooth, and the two parties cannot reach an agreement on transaction costs.

However, with Apple Pay and Samsung Pay officially entering China, the long-lost NFC technology may usher in the "second spring." It is understood that ZTE, Xiaomi, Meizu, and other manufacturers have had different levels of contact with UnionPay in the past two years, and some manufacturers have also clearly stated that they will launch their own mobile payment services.

Curve save the country

For Internet companies represented by WeChat and Alipay, whether to adopt NFC technology is also related to the share of the mobile payment market.

According to industry analysts, the Tencent TOS watch realizes the payment function. In addition to optimizing the experience of watch users, it can also extend the use of QQ wallet to wearable devices. The combination of software and hardware is beneficial to Tencent to further seize the mobile payment market.

The above-mentioned unnamed industry insiders told reporters that in the mobile payment market, the Internet companies behind WeChat and Alipay and UnionPay are competitors, so the future cooperation prospects of the two sides are still unclear.

However, perhaps it is aware of the flaws in scanning code technology. At present, many manufacturers choose to cut into NFC payment from other scenes, and the traffic travel scene is a breakthrough. In China, the wearable products represented by brush bracelets and singular Sharkey watches have already reached cooperation with the municipal bus card company.

Wang Can told reporters that in the future, TOS watches will cooperate with bus card companies in Beijing, Shanghai, Guangzhou, Shenzhen and other places, and will soon be able to realize the function of “sweeping traffic cards”. In addition, the TOS watch is also aimed at the scene of the student canteen consumption, and can quickly combine the functions of the "rice card".

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