New capital 100 million additional subsidiaries sword means electronic payment license

As the deadline for Third-party electronic payment licences nears, companies in the industry are gearing up for their final exams. The new capital, an electronic payment star (300130), announced today that it intends to spend more than $100 million on its wholly-owned subsidiary Shenzhen Software Technology Co., Ltd.　　After the increase, the registered capital of the new countries ' software will be changed to 110 million yuan. The company said that after the increase, the company will adopt the new countries software to implement electronic payment services, the implementation of electronic payment services operations, the provision of bank card receipt service, prepaid card distribution and processing services.　　The project's total investment of 112 million yuan, mainly for the investment in fixed assets, for the initial operating activities of the project to provide initial liquidity and project reserve. "In addition to the project investment needs, this increase is also to meet the application of Third-party payment licences related provisions."　　"In an interview with the Securities Times reporter," The new capital Dong Sean explained. He told reporters that, according to the central bank last year, "Non-financial institutions payment Services management measures", within one year from September 1, 2010, a third party payment enterprise may apply to the central bank for a payment business license, but the minimum registered capital of the applicant intending to pay business nationwide shall reach 100 million yuan.　　If it is overdue, it will not be allowed to continue with the payment business, and the successful application of the licence shall be valid for 5 years. "If a licence is successfully applied, the company will be transformed from a mere terminal manufacturer to an electronic payment provider."　　"Sean said.　　For the new state of the move, the Yuan Securities analyst Chuo Hongtian that the company is currently ranked in the domestic financial POS terminals manufacturers before the three, but also has many years of electronic payment technology accumulation, has integrated the upstream and downstream advantages of the industrial chain, the transition is a good thing. "According to the current domestic bank card issuance measurement, POS terminal coverage is still low, the future still has a huge space for improvement." In addition, the company has previously cooperated with Guangzhou Yangcheng Tong Co., Ltd. to operate the small payment of Yangcheng, accumulated a large number of small payment operation experience, which undoubtedly has a positive effect on the transformation of the company.　　"Chuo Hongtian said. It is understood that the new capital of the Electronic Payment project has completed the bank card receipt payment system, prepaid card issuance and acceptance payment system research and development, testing, on-line, is currently in the trial run stage. The company's calculation results show that the project's internal income rate of 21.69%, the total investment recovery period of 4.8 years, the first 2 years to achieve profitability, with a better risk-resistant ability.