During the year, 23 payment institutions were sadly leaving the market.

Author:Securities daily Time:2022.09.14

14Sep

Recently, JD.com's judicial auction platform showed that 100%of the equity of Zhonglianxin (Fujian) Payment Service Co., Ltd. was auctioned. Earlier, the issuance of the payment business license (that is, the payment license) of the central bank's official website was updated. The two payment licenses are officially invalidated. The "Securities Daily" reporter comprehensively sorted out the situation of the payment institution in the first three quarters of this year. It was found that a total of 23 payment licenses were canceled during the year, and many payment institutions were transferred, and the payment institution was integrated and retreated. During the year, 23 payment licenses were noted in the official website of the central bank, and the business types of Anhui Santa Tiankai Information Technology Co., Ltd. and Fujian CaiCong Payment Service Co., Ltd. are all prepaid card issuance and acceptance. The former business coverage is limited to Anhui Province The latter is limited to Fujian Province. The first license date of the two licenses was June 27, 2012, valid until June 26, 2022. At present, both payment licenses have noticed "no renewal." "There are two roughly two reasons for the two payment institutions of the above two payment institutions: one is that there are problems during the renewal process, and the regulatory requirements are canceled by the central bank; Analyst Wang Pengbo told the Securities Daily that the payment market is entering the integration stage after the rapid development of the payment market, and the survival of the fittest is inevitable. In fact, since the first batch of third -party payment licenses were issued in 2011, the central bank issued a total of 271 payment licenses, which have been reduced to 201, and a total of 70 copies have been canceled. In 2022, there were 23 payment licenses for sale, of which the prepaid card business institutions accounted for more than 80 %. "From the perspective of this year, the majority of payment institutions withdrawn from the market are prepaid cards. The number of prepaid card institutions will continue to shrink, and the market share will be concentrated in the institution with the national issuance and acceptance of the prepaid card." Wang Pengbo said Essence In addition to the reduction of payment licenses when the industry accelerates integration, the news of the payment institutions that have been listed and transferred to the equity during the year are also more frequent. For example, in June 2022, UnionPay Business Co., Ltd. (hereinafter referred to as "UnionPay Commerce") was publicly listed on the Shanghai United Property Exchange to transfer 100%equity of Shanghai UnionPay Electronics Payment Service Co., Ltd. The information released shows that 90%of Beijing UnionPay Business Co., Ltd. has been listed and transferred; a few days ago, JD.com's judicial auction platform showed that 100%of the equity of Zhonglian Xin (Fujian) Payment Service Co., Ltd. was auctioned at 64.44 million Yuan, the start time is September 25. Among them, UnionPay Business Transfer's equity integration business is mainly affected by the "Regulations on the Non -Bank Payment Institution (Draft for Opinions)" (hereinafter referred to as the "Regulations"). Article 11 of the Regulations stipulates that 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. The relevant person in charge of UnionPay Business said in an interview with the Securities Daily that its company's equity was transferred mainly to actively respond to the relevant supervision requirements and spirit of the Regulations, further focus on the main business, and actively integrate its subsidiaries of its financial holding. Speaking of the phenomenon of frequent transfer of equity during the year, Wang Pengbo believes that there are two main reasons for the transfer of the equity of the payment institution during the year: on the one hand, the payment institution is under great pressure, and the profitability will be transferred. It is still in the stage of soliciting opinions, but institutions represented by UnionPay Business have begun to integrate its excess payment licenses. As the leading enterprise in the industry, it has played a good leading role in compliance. It is expected that similar payment institutions will follow up. Su Xiaorui, a senior analyst of the financial industry, told the reporter of the Securities Daily, "At present, in the context of the overall operation of the payment market, the third -party payment industry has entered a deep shuffling period. In response to supervision requirements, the integration speed of the payment license has been accelerated. The licensed licenses will attract more powerful players to enter the venue; at the stock level, the process of payment industry is under the influence of the rigorous supervision and the increasingly fierce market competition. The institution that shows the speed of speeding up and cannot adapt to the current regulatory and market situation can only leave the market. "Su Xiaorui believes that the payment institution" has advanced or retreat ", and the payment license license" buy and sell "is not only the orderly development of the payment industry. Important reflection can also reflect the market's high recognition of the value behind the payment license. In a fierce competitive market environment, small and medium -sized institutions in the industry need to live in peace, find a good position on the road of seeking differentiated development, select the track and combine its own resource endowment, and use innovative and high -quality services to the real economy. Continue to enhance its market competitiveness.