At present, the merchants developed system-wide by Farmers and Merchants Bank are mainly small merchants, and the vast majority of the single collection amount is not more than 500 yuan, even if it exceeds the limit, it can be completed by merchants scanning customers. Collections generally have no limit, but the collection code is usually used for smaller amounts of collections, and there are some restrictions on users scanning the QR code to pay.

The new Central Bank regulations require that from April 1, the static QR code of the same customer's single bank account or all payment accounts should be no more than 500 yuan of cumulative transactions in a single day. If the customer by scanning the static two-dimensional code post payment, 500 yuan can be completed within the payment, if more than 500 yuan, merchants need to scan the customer's dynamic two-dimensional code through the mobile terminal to complete the payment. It is understood that the central bank's new regulations are only for consumers to sweep the static two-dimensional code, the merchants did not make restrictions on the use of static two-dimensional code collection.

For restaurants, hotels and other merchants with a large amount of single payment collection, Farmers and Merchants Bank provides smart POS services, the system-wide launch of the smart POS business enriched with platforms and applications, consumers are not only free to choose to swipe the card payment, WeChat, Alipay scanning code payment, but also in any smart POS for water, electricity, gas and other convenient payment.

Compared to the static QR code sticker, the smart POS sweeps the code faster, supports more collection methods, and has a larger collection amount, which is suitable for merchants with more water flow and a larger single collection amount. Farmers and Merchants Bank has also launched the MIS cashiering system, which provides large hotels, shopping malls, supermarkets, entertainment venues, fee-paying units, and other special units with a tool that integrates consumption, bill payment, settlement, and statistics. The external equipment, including the MPOS machine and the code-sweeping gun, supports the popular QR code payment as well as the traditional bank card swipe payment method.