With the rapid development of smart phones and 4G networks, the mobile payment market is developing in a blowout fashion. This year Alipay's "Double Twelve" once again set off a wave of mobile payment consumption, in the face of grand occasions. Tencent and UnionPay businesses will naturally not be willing to lag behind. As a result, the camps and giants once again set off the battle for the mobile payment portal. The reporter learned yesterday that UnionPay Commerce’s mobile payment product “POSTong†has brought tens of millions of red packets to the users to send them a “bang†ceremony with a duration of up to six months. The Bank of China has joined hands with more than 20 commercial banks to launch “Cloud Flash Payment,†which is a payment method based on smart phones and based on NFC-based HCE and Token technologies. From now until the end of June next year, as long as users use the "cloud flash pay" in Beijing, Shanghai, Jiangsu, Hubei, Inner Mongolia and other regions of the country's hundreds of thousands of supermarkets, restaurants, convenience stores, according to the store's event poster tips " When you pay with your mobile phone, you can enjoy various discounts such as "full amount reduction," "1 yuan for breakfast," and "1 yuan for movie tickets."