Chairman of China UnionPay: With the rapid development of new technologies such as blockchain, market payment needs will also change

On September 28th, Shao Fujun, Chairman and Party Secretary of China UnionPay, published a signed article in the People’s Daily, “Let China UnionPay Cards Brush the World”, the article said that with 5G, Internet of Things, big data, cloud computing, artificial intelligence, blocks New technologies such as the chain will develop rapidly, and the market payment demand will also change. China UnionPay will continue to upgrade its six capabilities and achieve a new round of development. Among them, six major capabilities include upgrading risk prevention and control capabilities with intelligent risk control as the core to protect payment security. Based on big data analysis, China UnionPay will support artificial intelligence, biometrics, blockchain and other technologies to improve the accuracy and comprehensiveness of risk prevention and control, and better implement anti-money laundering and anti-fraud requirements. At the same time, accelerate the promotion of intelligent anti-fraud, intelligent identity authentication, user security empowerment, risk value mining capabilities, and promote the healthy and sustainable development of the payment industry.