Compared with the Spring Festival in previous years, today's Spring Festival online "grab red envelope" activities are more diversified. WeChat's Tenpay, Alipay, and Baifubao, which are owned by Xiaoman Finance, launched red envelope activities during the Spring Festival. Holding a mobile phone to grab the Alipay red envelope, WeChat group red envelope, Baidu red envelope, vibrato red envelope... became a "additional dish" on New Year's Eve this year.
According to industry insiders, the “big test” of the payment industry in the Spring Festival this year has a high peak, large scale, long time, many types, wide scope and difficulty. Under the guidance of the People's Bank of China, the network-linked platform, which is an important financial infrastructure at the national level, will establish a comprehensive payment-linked joint operation and maintenance mechanism with all payment agencies, banks and other industries, and implement linkage coordination protection at important points. The massive payment transaction has been smoothly supported.