Chen Tian Universe

Mar 12, 2025 · Product Management

What Is Four‑Party (Aggregated) Payment and How Does Its Ecosystem Work?

This article explains the concept of four‑party (aggregated) payment, compares it with third‑party payment, outlines common payment models, describes the role of agents, multi‑level agent structures, device management processes, and merchant onboarding procedures within the payment ecosystem.