jupiterclubnodepositbonus| It's time for UnionPay's business "slimming"! One payment license is sold and four licenses are cancelled

Interface News reporter | Miao Yiwei

Add another one to the paid license cancellation list.

On May 27, the interface news reporter learned from the official website of the people's Bank of China that the payment license of Shenzhen Bank Lian EPS Financial Services Co., Ltd. (hereinafter referred to as "Shenzhen EPS") was cancelled, becoming the fourth payment license cancelled this year. The cancellation time is May 24.

According to public data, Shenzhen EPS was established in December 2000 with a registered capital of 32 million yuan. In December 2011, it was granted a payment license issued by the central bank and approved to carry out bank card order collection business in Guangdong Province. The license is valid until December 21, 2026.

In terms of shareholders, Guangzhou UnionPay Network payment Co., Ltd. holds 51%, Shenzhen Haimeng Investment Co., Ltd. holds 49%.

Regarding this initiative to cancel the payment license of Shenzhen EPS, the relevant person in charge of UnionPay, the controlling party of the company, told the interface news reporter that this was in theJupiterclubnodepositbonusAfter the official release of the regulations on the Supervision and Administration of non-Bank payment institutions, UnionPay actively responded to the regulatory requirements, complied with the law and accelerated the integration of subordinate holding payment institutions.

The regulations on non-bank payment institutions, which came into force on May 1, stipulates that the controlling shareholders and actual controllers of non-bank payment institutions shall not directly or indirectly hold more than 10% of the shares or voting rights of two or more non-bank payment institutions of the same type of business. The same actual controller shall not control two or more non-bank payment institutions of the same type of business, except as otherwise stipulated by the State.

The person in charge of UnionPay commerce also said that the type of payment license business originally held by Shenzhen EPS is bank card receipt, and the business coverage is Guangdong Province. UnionPay has set up a branch in Shenzhen and fully undertakes related business. to ensure a smooth transition of personnel, products and services, Shenzhen Branch relies on UnionPay full license payment business qualification. Will better provide all kinds of integrated payment and information technology services for local customers.

According to the interface news reporter, as early as May 2021, UnionPay Commercial listing transferred 51% of its shares in Shenzhen Shenzhen Bank Lianxian Financial Services Co., Ltd., with a transfer price of 8676.Jupiterclubnodepositbonus410,000 yuan, but the transfer has not been successful in the past three years. In addition, on May 11 this year, Shanghai Yinshitong Information Technology Co., Ltd. also had its payment license cancelled, making it the second payment institution to have its license cancelled this year. UnionPay has a 20% stake in the company. Since the beginning of this year, the people's Bank of China has cancelled the second payment license for UnionPay commercial shareholding.

According to the statistics of the interface news reporter, due to historical reasons, the number of payment licenses held by UnionPay has reached 11, which makes UnionPay becomeJupiterclubnodepositbonusChina's payment license is facing the key companies of equity integration. After the regulations on the Supervision and Administration of non-Bank payment institutions (draft for soliciting opinions) was issued at the end of 2021, UnionPay began to list a number of payment licenses for its shares. In the three years from 2021 to the present, UnionPay has continued to sell or cancel a total of five payment licenses or equity in payment companies, and the license companies that have been cancelled are mainly local exhibition institutions.

In addition to the above two, the others are: in April 2023, UnionPay successfully transferred 90% of CICC's equity, and the acquisition of 90% of CICC by the new shareholder, Radio and Television Express, was approved by the people's Bank of China; in September 2023, UnionPay cancelled the payment license of Ningbo UnionPay, which became the first payment license of UnionPay; on January 10, 2024, UnionPay cancelled the license of Shenzhen UnionPay Financial Network Co., Ltd.

UnionPay said that it is actively responding to regulatory requirements and carrying out the integration of subordinate holding payment institutions in accordance with the principle of marketization. At present, the relevant work is being carried out in an active and orderly manner, and the integration work will be completed within the time stipulated by the supervision.

With regard to the continuous decrease in the number of licenses in the payment industry since the beginning of this year, Wang Pengbo, a senior analyst in the financial industry, told reporters that this is a normal phenomenon after continuous compliance and market-oriented adjustment in the payment market. Survival of the fittest will promote the healthy development of the industry.