There are still more than 80 companies queuing to apply for payment of licenses

With the development of the Internet, online payment has become more and more popular. The state’s regulation of third-party payments has become increasingly strict, and third-party payment institutions have become more and more difficult to make profits, but most companies still want to rank among third-party payment providers. And the current third-party payment institutions are in the siege.

Recently, the central bank officially announced the results of the renewal of the first batch of 27 non-bank payment institutions "Payment Business License", and other payment institutions are still waiting. In addition, the central bank has stepped up its “checking storm” against third-party payment institutions. It is reported that since the beginning of this year, there have been 18 third-party payment institutions that have been issued a ticket by the central bank.

Many companies are still eager to own this license. Because of the payment, as a final link to the entire ecosystem, the entire system can be revitalized. The data shows that since 2011, the central bank has issued 8 batches of 270 payment licenses, minus 3 cancelled due to violations, and there are currently 267 on the market.

However, since the receipt of the payment license by Guangwu E-Commerce in March 2015, the central bank has not yet added a new payment license. The payment license is in a substantial state of suspension, but there are currently more than 80 applications for queuing.

In the eyes of many industry insiders, for third-party payment institutions, in addition to reorganizing existing businesses in the future, they also need to find innovative points to solve the meager profit problems, such as paying attention to the mining of user data.

A few days ago, Alipay and other first batch of payment licenses were finally renewed after more than three months of expiration. Then, the second batch of licenses is also facing the problem of expiring.

Despite the intensified competition in the field of third-party payment, for companies with development needs, the payment license is a basic facility needed for development, so they are willing to apply. After the new license is suspended, other institutions may choose to acquire the license by means of mergers and acquisitions.

For example, Evergrande Group has completed the acquisition of Guangxi Jifutong, indirectly obtaining a third-party payment license, and the purchase price is around 570 million yuan.

Things are rare. A "full license" business scope for the country's "naked license" has now reached 500 million yuan, and in 2015 the price of 200 million to 300 million yuan, almost doubled in a year.

The price of the payment license is determined mainly by the scope of its business. If there are more business areas involving Internet payment, mobile phone payment, and bank card receipt, the price will definitely be more expensive.

In 2015, the business scope was only the license for online payment, and the general price was between 100 million and 200 million yuan. The business scope was nationwide, and the scope of business was the issuance and acceptance of online payment, prepaid cards, and bank card receipts. The full license is priced at 200 million to 300 million yuan.

The development of many payment companies is not good. There are many third-party payment market institutions and the competition is fierce. Many companies do not have a more independent business model. If a general company only does traditional business, it is not easy to develop. However, competitive incentives and regulatory tightening do not mean that third-party payment licenses are not attractive.

At present, the payment licenses of Zhejiang Yishi Enterprise Management Service Co., Ltd., Guangdong Yimin Tourism Leisure Service Co., Ltd. and Shanghai Changbu Enterprise Service Co., Ltd. have been cancelled due to violations. The business scope of these three companies is mainly the issuance and acceptance of prepaid cards. The main problem involved is the misappropriation of customer reserve funds.

A license is not a matter in a specific sense. It is a legal license. Such a license cannot be bought or sold. However, it is permissible to implement equity changes through asset acquisition and restructuring.

Before the central bank issued a document directly encouraging the payment institutions to restructure and restructure, it is that in addition to some Internet and bank card receipts, the scale of the institutions is profitable, most of the payment institutions are still in a state of low profit or loss, and have to rely on the online receipt of the order. "Setting code", "cutting machine" and other side gates grab the cake.

The central bank said that in principle, new institutions will not be approved in principle for a period of time; focus on the normative guidance and risk mitigation of existing institutions, and prevent systemic and regional risks from being the bottom line; improve the regulatory system and strengthen supervision methods. Increase special governance and law enforcement to further enhance the effectiveness of supervision.

The market space for third-party payment services is getting smaller and smaller, and the team capacity required is getting stronger and stronger. The additional investment required after the acquisition of the license is very large. Even if the general organization can afford it, it will not be able to continue to invest and actually make this license.

In terms of the volume of offline POS receipts and Internet payments, UnionPay, Alipay and Tenpay accounted for the top three, with a market share of more than 60%. The top eight organizations have more than 90% market share.

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