Financial Services Association, November 8 (Reporter Peng Kefeng) We also saw major state-owned banks increase Alipay's quick payment limits!

On the afternoon of November 7, the Bank of Communications published an article on its official website stating that starting November 18, 2024, it will raise the quick payment limit for CCB debit cards in Alipay consumption scenarios to RMB 0.2 million per transaction, 0.2 million yuan per day, and 6 million yuan per month.

Statistics from a Financial Services Association reporter found that three national commercial banks, including the Postbank and China Merchants Bank, have recently carried out “withdrawal operations.”

Why have many banks continued to carry out “withdrawal operations” recently? A Financial Services Association reporter noticed that each bank's official explanation was “to improve the customer payment experience.” A third party payment agency source told the Financial Federation reporter that banks have the initiative to adjust Alipay and WeChat Pay's quick payment transaction quotas. However, in order to promote consumption, Neng Bank chose to raise the relevant transaction limits.

Starting on the 18th, Bank of Communications will increase Alipay's quick payment limit for debit cards

Yesterday afternoon, the Bank of Communications issued a notice on adjusting Alipay's quick payment limits for Bank of Communications debit cards.

In the announcement, the Bank of Communications stated that in order to further enhance the customer's payment experience, the Bank of China will increase the quick payment limit for the Bank's debit card in Alipay spending scenarios to RMB 0.2 million per transaction, 0.2 million yuan per day, and 6 million yuan per month. Other scenarios such as Alipay transfers, financial management, and repayment will continue to maintain the current limit standards, that is, RMB 0.05 million per transaction, 0.1 million yuan per day, and 0.6 million yuan per month Million yuan. For the specific limit, please refer to the customer's instructions on the Alipay app page at the time of actual payment.

An inquiry from the Financial Services Association revealed that prior to this adjustment, the limits for quick payment of debit cards from major state-owned banks such as the Bank of China, ICBC, CCB, and the Agricultural Bank ranged from 0.05 million to 0.03 million, respectively. Of these, Bank of Communications could be 0.05 million yuan in a single transaction. This adjustment also means that in some consumption scenarios, Alipay's quick payment quota for Bank of Communications users was increased by 0.15 million yuan in a single transaction.

Postbank and China Merchants Bank have launched “withdrawal operations” during the year

Bank of Communications was not the first major bank to take such action this year. According to public information, the Postbank and China Merchants Bank have recently increased the Alipay or WeChat quick payment limits for their debit cards.

On July 18, the Postbank published an article on its official website stating that in order to enhance the customer experience, the bank decided to adjust the Tenpay debit card express payment transaction limit to: 0.04 million yuan per transaction, 0.08 million yuan per day, and 0.6 million yuan per month; among them, the credit card express payment transaction limit for the financial management scenario was adjusted to 0.3 million yuan per transaction, 0.3 million yuan per day, and 0.6 million yuan per month. Please make appropriate arrangements in advance according to your own needs.

On September 30, China Merchants Bank posted an article on its official website stating that starting October 10, the bank's debit card's quick payment transaction limit for Alipay spending scenarios was raised to 0.2 million yuan per day and 0.2 million yuan per transaction. The current transaction limits for financial management and transfer scenarios will continue to be maintained at 0.05 million yuan per day and 0.05 million yuan per transaction.

In comparison, CCB and China Merchants Bank targeted the bank's users who used Alipay Express Payments, while the Postbank made adjustments for WeChat Pay users. Judging from the amount, the practices of China Construction Bank and China Merchants Bank are basically the same this time; they are all 0.2 million yuan in a single transaction.