Following the official announcement of the acquisition of Linkage Commerce to supplement the bank card acquiring business license, Douyin Payment has released new news. On June 14, the official website of the People's Bank of China updated the "Disclosure of Licensing Information

Following the official announcement of the acquisition of Lianlian Business to complete the bank card acquiring business license, Douyin Payment has released new news.

On June 14, the "Disclosure of Licensing Information on Major Matters Changes for Non-bank Payment Institutions" page on the official website of the People's Bank of China was updated. Wuhan Hezhong Yibao Technology Co., Ltd. changed its company name to "Douyin Payment Technology Co., Ltd.".

In addition to Douyin Payment, four payment companies have been approved to change their corporate names and complete the "payment" suffix; another two payment companies have been approved to merge. This is also half a month after the collective name change of 31 payment institutions. The People's Bank of China has recently announced the name change list of payment institutions again.

Another four companies were approved to change their names, completing the "payment" suffix

So far, 36 payment institutions have been approved to change their names, with the word "payment" added to their names. At present, there are many payment companies such as Xunfu Information Technology Co., Ltd., Tianyi E-Commerce Co., Ltd., Ruixiang Business Services Co., Ltd., etc., whose company names still do not contain the word "payment". However, a reporter from the Financial Associated Press inquired about the National Enterprise Credit Information Disclosure System and found that the payment institution that had been approved to change its name had not yet completed the formal industrial and commercial registration change.

On May 1 this year, the "Regulations on the Supervision and Administration of Non-bank Payment Institutions" (hereinafter referred to as the "Regulations") were officially implemented. Article 6 of the "Regulations" clearly requires that the name of a non-bank payment institution should be marked with the word "payment". In addition, the People's Bank of China issued a draft of supporting implementation rules for comments on April 22, clarifying the transition period of the Regulations: the transition period for each non-bank payment institution is from the date of implementation of the implementation rules to the expiration date of its payment business license. The transition period If it is less than 12 months, it will be counted as 12 months.

The second case of payment institution merger was approved

Some institutions were approved to change their names, and some institutions were approved to merge licenses. The work of merging licenses under the Regulations is also progressing rapidly.

The official website of the People's Bank of China shows that the People's Bank of China has approved the merger of Beijing Lifangtong Payment Technology Co., Ltd. and Beijing Digital Wangfujing Technology Co., Ltd. After the merger, Beijing Lifangtong Payment Technology Co., Ltd.'s "Payment Business License" business type includes bank card acquiring (Beijing) and prepaid card acceptance (Beijing) on ​​the basis of Internet payment. Beijing Digital Wangfujing Technology Co., Ltd. terminated its payment business and canceled its "Payment Business License".

Two weeks ago, Ping An Pay Electronic Payment Co., Ltd. (hereinafter referred to as "Ping An Pay Electronic") merged with Ping An Pay Technology Services Co., Ltd. (hereinafter referred to as "Ping An Pay Technology"). After the merger, Ping An Pay Electronic's registered capital increased to 1.16958 billion yuan. The "Payment Business License" business type adds the issuance and acceptance of prepaid cards (nationwide). Correspondingly, Ping An Pay Technology terminated its payment business and canceled its "Payment Business License".

At that time, the relevant person in charge of Ping An One Wallet responded to the reporter of the Associated Press that Ping An Pay Electronics and Ping An Pay Technology will strictly comply with regulatory requirements and comply with the principle requirements of payment institutions to return to the origin of payment and serve the development of the real economy, and carry out Ping An Pay in compliance with laws and regulations. The merger of Electronics and Ping An Pay Technology.

A person familiar with the matter also said in an interview with a reporter from the Financial Associated Press that such a merger of licenses is in accordance with the Regulations. According to relevant regulations, the same shareholder may not directly or indirectly hold more than 10% of the equity or voting rights in two or more non-bank payment institutions with the same business type, and the same actual controller may not control two or more non-bank payment institutions with the same business type ( Unless otherwise specified by the state).

Source: Financial Associated Press