payment industry has seen large fines again.
html On September 10, the Beijing Branch of the People's Bank of China targeted Beijing Du Xiaoman Payment Technology Co., Ltd. (hereinafter referred to as "Du Xiaoman Payment"), Beijing Gaohuitong Commercial Management Co., Ltd. (hereinafter referred to as "Gaohuitong"), and Lakala Payment Co., Ltd. The company (hereinafter referred to as "Lakala") and other five payment institutions issued multiple fines for violations, with a total fine of 36.61 million yuan, and many people in charge at the time were also fined.It is worth noting that among the five institutions that were fined this time, Gaohuitong's fine was in the tens of millions, which was also the second largest fine in the year.
Since this year, strict supervision in the third-party payment field has not changed, and fines worth millions have appeared frequently. According to incomplete statistics from Times Weekly reporters, as of September 11, third-party payment companies had received a total of 15 fines exceeding one million yuan during the year, totaling nearly 150 million yuan. Su Xiaorui, a senior researcher at
Suxi Zhiyan, told a reporter from Times Weekly that there are usually two situations when payment institutions receive "large" fines. One is that the problems reflected are more serious, and one fine covers several or even a dozen different items. The second problem is "recidivist" institutions, which have been punished before but still do not change.
Gaohuitong was fined more than 27 million
Among the five institutions that were fined this time, Gaohuitong received the highest amount of fines. Its fine was in the tens of millions, which is rare.
The Beijing Branch of the People's Bank of China issued a warning to Gao Huitong, confiscated his illegal income of 12.1473 million yuan, and imposed a fine of 15.7261 million yuan, for a total fine of 27.8735 million yuan.
The fine shows that Gaohuitong’s illegal matters include illegally conducting barcode payment business, failing to promptly discover and deal with possible transfers of payment interfaces of special merchants, failing to strictly implement the real-name review requirements for account opening, violating account management regulations, operating prepaid card business across regions, and Illegal transfer operation with the same name is not carried out.
"From the perspective of the reasons for Gao Huitong's punishment, it is illegal to carry out barcode payment business; failure to promptly discover and deal with possible transfers of payment interfaces of special merchants; and operating prepaid card business beyond the region. These are rare in previous punishments. "Wang Pengbo, chief analyst of the financial industry at Broadcom Consulting, explained to a reporter from Times Weekly that this shows that the supervision of the payment industry is becoming more and more detailed, and everything from the service agreement format to transaction information needs to be fully filed.
In addition to Gaohuitong, the five institutions receiving fines this time, there are also three companies with fines exceeding one million.
Among them, Lakala was warned and fined for three illegal acts of failing to implement the requirements of authenticity, completeness, traceability and full-process consistency, failing to strictly implement the merchant real-name system requirements, and failing to settle merchant funds to his bank settlement account with the same name. 4.06 million yuan.
In addition, UMC E-Commerce Co., Ltd. was warned and fined 2.9 million yuan; Du Xiaoman Payment was warned and fined 1.21 million yuan.
It is worth noting that all five institutions received "double penalty system" tickets. In addition to high fines, many senior executives at the time were also held accountable. For example, Zhu and Zhang, then general managers of Gaohuitong, were both responsible for some illegal acts and were both warned and fined 200,000 yuan and 250,000 yuan respectively.
The "Regulations on the Supervision and Administration of Non-Bank Payment Institutions" announced in December 2023 clearly stated that penalties for serious violations of laws and regulations will be increased in accordance with the law, and directors, supervisors, senior executives and other persons who are directly responsible can be punished according to specific circumstances. Personnel will be punished, and in serious cases measures may be taken to prohibit market entry.
15 institutions received fines exceeding one million yuan
Since the beginning of this year, huge fines have appeared frequently in the payment industry, and there have been three fines worth tens of millions.
In addition to Gao Huitong who was fined this time, Zhejiang Aerospace Electronics Information Industry Co., Ltd. (hereinafter referred to as "Zhejiang Aerospace Electronics)" and Leshu Technology Co., Ltd. Fujian Branch (hereinafter referred to as "Leshu Technology Fujian Branch") also Received tens of millions of fines.
On May 31 this year, Zhejiang Aerospace Electronics was fined more than 44 million yuan, which is also the largest fine in the payment industry so far this year.
The specific reason for being fined is that Zhejiang Aerospace Electronics was given a warning by the central bank for eight reasons, including violations of institutional management regulations, merchant management regulations, and liquidation management regulations. Its illegal gains of 15.9631 million yuan were confiscated and fined 28.2531 million yuan. The total fine was more than 4,421 yuan. Ten thousand yuan. At the same time, the then assistant general manager and director of the commercial department of Zhejiang Aerospace Electronics also received the penalty.
Zhejiang Aerospace Electronics was established in 2002. It is a holding subsidiary of Hangzhou Pingpong Intelligent Technology Co., Ltd. ("pingpong"), a cross-border e-commerce payment service provider. In 2012, it officially obtained the "Payment Business License" issued by the Central Bank.
In addition, on March 8 this year, according to the administrative penalty announcement of the Fujian Provincial Branch of the Central Bank, Leshu Technology Fujian Branch was warned for four illegal acts, confiscated illegal income of 13.08 million yuan, and imposed a fine of 14.46 million yuan, with a total fine of more than 2,700 yuan. Ten thousand yuan.
According to incomplete statistics from a Times Weekly reporter, as of September 11, in addition to the above three institutions receiving tens of millions of fines, 12 payment companies have received 14 million yuan fines during the year, including 4 institutions. More than 5 million.
Lakala and Yisheng Payment Co., Ltd. (hereinafter referred to as "Yisheng Pay") each received two large fines during the year, Lakala's two fines totaling 7.5923 million yuan, and Yisheng Pay's two fines totaling 5.55 million yuan. In addition, Chongqing Qianbao Technology Service Co., Ltd. was fined and confiscated 7.538 million yuan; Ping An Fu Technology Service Co., Ltd. was fined and confiscated 7.0955 million yuan.
Overall, including three tens of millions of fines issued by Gaohuitong and others, the total fines and confiscations of the above 15 institutions during the year were 149 million yuan.
Since this year, the payment industry has continued to have strong supervision.
"The central bank has continued to impose strong supervision on the payment industry for many years. With the implementation of the Regulations on the Supervision and Management of Non-bank Payment Institutions, the supervision of the payment industry will inevitably become more standardized and pay more attention to the inspection and supervision of the entire payment process and details." Wang Pengbo told the Times Weekly reporter.
Su Xiaorui told a reporter from Times Weekly that in recent years, the supervision of the payment industry has always maintained a high-pressure situation. With the continuous improvement of supervision level and supervision technology, it is no longer possible to hide the "small actions" of illegal institutions, and various fines and notifications have been Maintain a high position, and the "double penalty system" mechanism continues to be implemented, and the corresponding responsible persons are notified and punished, reflecting the continuous improvement of the targeting and accuracy of supervision.
“At present, the reshuffle of the payment industry has entered a deep-water stage. Payment institutions need to carefully study and judge various fine cases that have been previously notified by supervision, learn from them, improve internal control and compliance systems, tighten compliance defense lines, and implement responsibilities to We will continue to improve business compliance levels for specific positions,” Su Xiaorui said.
