The central bank issued a notice! Unlicensed Pos and cardless payments are likely to be blocked!
Recently, the central bank officially issued the "Notice of the General Office of the People's Bank of China on Further Strengthening the Remediation of Unlicensed Business Payment Services"
The payment industry will set off a new round of thorough investigations, and the payment company will face the most stringent law enforcement inspections and severe penalties for violations!
A batch of unlicensed POS, no card payment, scan code payment, and aggregate payment will face severe rectification or even termination of payment business!
The People's Bank of China decided to further promote related work on the basis of the previous work related to combating unlicensed business payment business, focusing on the inspection institutions, and comprehensively inspecting the license-issuing institutions to provide payment clearing services for unlicensed business payment business institutions.
Serious law enforcement, shocked. Strengthen the implementation and implementation of the regulatory policy, reaffirm the requirements for the supervision of the bottom line of the license-issuing institutions, severely punish the illegal activities of the license-issuing institutions, and expose typical cases of violations of laws and regulations, and maintain a high-pressure shock situation.
The action will be divided into the following stages:
(1) The self-examination and self-correction stage of the license-holding institution (before the end of December 2017).
(II) Organizational inspection stage of the branch of the People's Bank of China (end of February 2018)
For the unlicensed institutions that have been verified, the branches of the People's Bank of China must urge them to rectify and withdraw from the market within a time limit. During the rectification period, the business of inventory violations must be reduced, and the non-compliance business will not be added. For the resistance to regulatory requirements, as well as serious violations and large social impacts, the branches of the People's Bank of China should actively coordinate the relevant departments of industry and commerce, public security and other departments to investigate and deal with them according to law.
(3) The head office of the People's Bank of China organizes the stage of on-site supervision (before the end of April 2018).
(4) Punishment and summary stage (before the end of June 2018).
1. Punish the license holder. The head office of the People's Bank of China shall take into account the situation of national rectification work, and shall harmonize the punishment standards according to factors such as the nature of violations, the circumstances of violations, and the degree of influence of the license-issuing institutions. According to the punishment standard, the branches of the People's Bank of China shall impose the same penalty on the relevant license-issuing institutions.
2. Summary of work of the branches of the People's Bank of China.
3. Summary report. A comprehensive summary of the rectification work, focusing on how to combine the special rectification and daily supervision, promote the formation of a normalized, long-term institutional arrangements, and build a long-term mechanism for payment and settlement supervision.
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