What Is a 'Pay As You Go' Cell Phone Plan?

In recent years, with the continuous upgrade of mobile device application services and the increase in user demand for payment convenience, mobile payment is becoming a new wave. As long as there are mobile devices such as smartphones, tablets, you can pay for consumption anytime, anywhere.

According to the payment distance of mobile payment, mobile payment can be divided into

Pay as you go

Wing payment is a payment function launched by China Telecom. With this function, shopping is not necessary without a wallet, and payment is not afraid of change. You can complete the transaction by swiping your mobile phone on the POS machine of China Telecom Wing Payment Alliance merchant . At present, WingPay has access to 700 payment applications for water, electricity and coal, which basically covers 350 major cities across the country. In 2013, the transaction value of Wing Payment is expected to exceed 130 billion yuan, a year-on-year increase of more than double, the number of users exceeded 58 million, and more than 40,000 merchants were covered.

Pay as you go micropayment

WeChat now has 400 million user groups. With this huge group, on August 9, 2013, version 5.0 of WeChat was launched and launched the WeChat payment function. Initially achievable application scenarios of WeChat payment include public account payment, QR code scanning and application software payment. The WeChat payment function is implemented by binding bank cards.

Pay as you go micro wallet

At the end of 2012, Sina Weibo had launched a micro-wallet for Baiyou Online Payment Tools. In March 2013, Weibo Wallet officially launched a mobile client.

Sina received the seventh batch of payment licenses issued by the central bank on July 6, 2013. The business scope includes Internet payments and mobile phone payments. Subsequently, Sina formally released "microbanks." Relevant person in charge of Sina stated that they will be involved in the wealth management market through "microbanks". Consumers in "microbanks" can handle expenses, fund transfers, remittances, credit card repayment and other services.

At present, the biggest feature of micro wallets is to support Weibo users to log in. As long as you have a Weibo account, you can have a micro wallet account. The micro-wallet supports the transfer function, which can pay for living services such as water, electricity, gas and recharge in some areas, and supports online public welfare donations.

Pay as you go Alipay wallet

The most distinctive feature of the Alipay wallet is bar code payment. As early as 2011, Alipay Wallet developed a mobile barcode payment function. In December 2013, Alipay wallet launched barcode payment 2.0 in version 7.7, which further optimized the payment process of the product. This feature is different from Sonic Payments. Barcode payment technology can convert Alipay account information into a visual barcode. When the customer enters the convenience store to purchase goods, he only needs to open the Alipay wallet, select the Barcode Payment function and present his mobile phone. The cashier can scan the barcode with the scanner to complete the payment. Compared to cash, this step saves the hassle of change, compared to bank cards, it eliminates the tedious steps of signing and entering a password, and makes payment easier.

Pay-as-you-go mobile phone card reader

As a mobile payment product, the mobile phone card reader has a small form factor, which is completely different from the traditional POS machine. It has a UnionPay function. By connecting with the 3.5mm headphone jack of a smart mobile terminal, you can realize card payment. ^[1]