Accelerate the integration of Clear UnionPay business and sell another payment license

Under the new regulations of Economic Observation Network reporter Wang Qing, UnionPay Business Co., Ltd. (hereinafter referred to as "UnionPay Business") is accelerating the integration of payment licenses in the hand. On August 30, the reporter learned from the Shanghai United Property Exchange that Beijing UnionPay Business Co., Ltd. is seeking a 90%equity of transfer, with a transfer price of about 346 million yuan. , Total transfer 90%of the equity.

In this regard, UnionPay Commerce said in an interview with reporters that in order to actively respond to the relevant regulatory requirements and spirit of the People's Bank of China ’s“ Regulations on the Non -Bank Payment Institution (Consultation Draft) ”in January 2021, the company further focused on the main business and took the initiative to integrate its class category Financial controlling subsidiaries mainly use the methods including "equity transfer" and "acquisition and merger" to carry out integration.

The project publicity information shows that Beijing UnionPay Business Co., Ltd. was established in July 2002 with a registered capital of 100 million yuan. In 2011, the first batch of payment business licenses issued by the People's Bank of China were obtained. The business type covered the bank card receipt (Beijing) Payment card acceptance (Beijing), Internet payment (national).

The equity structure shows that the shareholding ratio of UnionPay business is 75.5%; Beijing Jingrongxinda Data System Co., Ltd. holds 14.5%; Beijing Shiguan Fangzhou Technology Development Co., Ltd. and Beijing Jianjinkexin Technology Development Co., Ltd. There are 5%.

The equity transferred this time is the 75.5%equity held by UnionPay Commerce and the 14.5%equity held by Beijing Jingrongxinda Data System Co., Ltd., a total of 90%of the equity.

In fact, UnionPay Commerce sells its payment licenses this time is mainly affected by the "Non -Bank Payment Institution Regulations (Draft for Opinions)". According to Article 11 of the Regulations, the same legal person shall not hold more than 10%of the equity of two or more non -bank payment institutions, and the same actual controller shall not control two or more non -bank payment institutions.

Talking about the impact of the transfer license transfer, Broadcom consulting senior analyst Wang Pengbo believes that although the relevant policies are still in the stage of soliciting opinions, UnionPay Commerce has gained the payment license. It is a good leader to demonstrate, and there may be similar payment institutions to follow up.

"As far as its own business is concerned, because UnionPay Business itself holds a national bank card receipt license, the operation level will not be affected, and the operating right will be more concentrated. For the payment industry, the current payment market will compare the overall comparison of the payment market as a whole Under the premise of stable and real -existence merchants, UnionPay Business transfer payment licenses will not fluctuate in the payment market, and more real merchants under UnionPay Business are also an important reason for attracting the intention of the intention. "Wang Pengbo said.

The reporter noticed that in the past two years, UnionPay Commerce has been listed on four payment licenses.

In May 2021, UnionPay Business was listed to transfer 51%equity of Shenzhen Shenlin United Yiyi Financial Services Co., Ltd., with a transfer price of 86.7641 million yuan.

In September 2021, UnionPay Commerce was listed to transfer 55%of its subsidiary Ningbo UnionPay Business Co., Ltd., with a transfer price of 60.5935 million yuan.

In March 2022, the 40%equity of the UnionPay Commerce was transferred to the Beijing Digital Wangfujing Technology Co., Ltd., which was also publicly transferred publicly on the Beijing Property Exchange with a reserve price of 73.24 million yuan.

In July 2022, UnionPay Commerce publicly listed on the Shanghai United Property Exchange to transfer 100%equity of Shanghai UnionPay Electronics Payment Service Co., Ltd., with the target price of 5553.5 million yuan.

According to the transfer of the payment license, UnionPay Business revealed that the company has been exposed to dozens of intentions to be transferred in recent times. After the listing transaction process is completed, the company will strictly follow the regulatory requirements of the People's Bank of China to perform the application procedures for changing application for changes, such as actual controllers, and company names. In the process of integration, the company and related subsidiaries will also do a good job of customer notifications and communication in time to ensure that customers' quiet migration, business continuity, financial security, and market stability will continue to provide high -quality services for customers.

"According to the project information disclosed by the United Property Exchange, UnionPay Business has some restrictions on the qualifications of the transferee. Corporate legal person or its branch company has good financial conditions and payment capabilities, which also greatly reduces the acquisition party who can meet the conditions for transfer. "Wang Pengbo said.

It is worth mentioning that the project publicity information also disclosed the financial indicators of Beijing UnionPay Business Co., Ltd.

Specifically, in 2020, the company's operating revenue was 117.4 million yuan, net profit was 47.6 million yuan, and the total assets were 626.3 million yuan. The total amount is 518.5 billion yuan.

For the listing price of 346 million yuan, Wang Pengbo believes that the quotation is relatively reasonable, the price and revenue and profits are linked, and the actual demand for the market for the market can be reactions. The profitability, such as the actual number of merchants.

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