Does the micro-credit payment function turn off? Micro-letter off micro-quotient payment function

Micro-letter off micro-quotient payment function

The so-called distribution, is essentially a high rebate to attract users to participate in the new user funds to pay for the return of the original user, the formation of a pressure-level capital chain. The model is, in fact, a Ponzi scheme that has become a red area for central Bank Financial regulation.

"The main or those fraudulent behavior, the impact of the money run, micro-credit peer-to-peer nature of financial products, sales of worthless products, fraud caused the user's complaints and rights." Micro-letters, as a platform for distribution, also provide an example of regulation. What is important is that the measures taken this time are not just as simple as the number of letters, but a direct cessation of its micro-credit payment function.

In this connection, the industry analysis said that the reorganization of a tertiary distribution seems to be an independent event, but in the central bank strict reorganization of internet finance, delayed the decentralization of payment licence extension of the attitude, micro-letter This is to protect themselves. As the central bank tightens its grip on payment regulation, it will be much more affected.

It is reported that the micro-letter official disclosure of data shows that more than 5,000 payment service providers have entered the micro-letter, but the People's Bank of China issued the existing payment licensing agencies only 267.

In April, the People's Bank of China issued the "non-bank payment institutions classified rating management measures" (hereinafter referred to as the "measures"), and the May State Council, "internet financial risk special rectification work Implementation Plan" (hereinafter referred to as the "plan") to the Third-party payment agencies to propose some direction, and is to oversee the trading system, which revolves around the bank. These regulations limit the third party payment institutions "not to connect with a number of banking systems" "in disguise to carry out liquidation business," The goal is directed to the centralized Third-party closed-loop payment and clearing system.

Back to the micro-letter, micro-credit payments through the bank with a direct link, the bank opened a micro-letter payment account, the user through the micro-letter payment of all transactions generated by the micro-letter payment automatically in the liquidation function, the bank simply can not know where the funds in the two specific bank accounts transactions You can only see the transaction between the micro-credit payment and the bank accounts.

This touches the regulatory minefield that the above approaches and regulations point to. Industry insiders said, if the relevant agencies in the Internet Financial Regulation process to conduct a thorough investigation, to hold up the issue of third-party payment, micro-letter sit farther also lie on the gun, and even affect the safety of its payment licence. In order to protect the well-being of the payment business, Tencent reluctantly cut the way to close the lucrative distribution payment system is not a bad trick.