Can foreign capital obtain a licence?

Abstract: The reason for the absence of a number of well-known companies, including three major telecoms providers, in the second instalment of payment licences to be issued by the Central bank is unknown. Beijing high-pass Business Management Co., Ltd., with foreign investment background, is not listed. All sorts of situations have sparked

The reason for the absence of a large number of well-known companies, including three telecoms providers, in the second instalment of payment licences to be issued by the central bank is unclear. Beijing high-pass Business Management Co., Ltd., with foreign investment background, is not listed. All sorts of scenarios have sparked speculation in the industry, and the deadline for the cards has been postponed? is the company adopting the control mode of the foreign-funded agreement able to finally obtain the licence? Under the payment licence, doubts are emerging.

Can foreign capital obtain a licence?

At present, the only one in the declaration material marked with foreign capital background of the enterprise is Beijing high Huitong Business Management Co., Ltd., its declaration material clearly stated that China Innovation Payment Group Limited (Hong Kong) holds Beijing high Huitong Business Management Co., Ltd. But the company's name does not appear on the list of companies that have been licensed to practise.

"Non-financial institutions payment Services management measures" stipulates: "The scope of business of foreign investment payment agencies, the qualifications of foreign investors and the proportion of capital contribution, etc., by the central bank separately stipulated, the State Council for approval." "It also means that companies with foreign-funded backgrounds who want to engage in third-party payment operations in the country face a more unique approval process and are more likely to be approved."

At present, many companies engaged in domestic payment business have received financing from abroad, but they want to get a licence in their domestic capacity, and then use a paper contract to maintain relations with foreign investors, a model commonly referred to as "agreement control", and whether a company using a protocol control model can obtain a payment licence is not yet conclusive, The name of "Beijing High Pass" is not included in the licensed enterprise at least now announced.

Why are the three major telecom operators not shortlisted?

The big three telecom operators have also been interested in building their own mobile financial payment system.

This year, China Unicom (micro-blog) set up a subsidiary-Unicom Wo Yi Network Technology Co., Ltd., China Mobile (Weibo

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The newly established payment company--China Telecom Electronic Commerce Co., Ltd. established Tianyi Electronic Commerce Co., Ltd. As of August this year, three of them have applied to the central bank for payment of licences.

Telecom operators are interested in the future of mobile E-commerce. Last year, China's mobile payment market overall size reached 20.25 billion yuan, an increase of 31.1% year-on-year, according to the data released by Eric. And in a real mobile payment era, people can enjoy more convenience, can take the bus brush mobile phones, supermarket brush mobile phones, using mobile phones to take off the outdoor billboards on the merchandise, you can immediately pay by mobile phone. This is a huge market that has yet to be developed, and no wonder three operators have been active this year.

Similarly, among well-known internet companies, there are also a number of companies applying to join the "pay Army". Baidu since May this year to apply, but failed to win the card, NetEase's payment tool NetEase treasure 2009 put into use, has also submitted a licence application. In the home appliance chain Enterprise aspect, Su Ning also applies to the central bank to pay the licence, in order to run its trading platform easy pay business.

None of these companies appeared in the second instalment of the central bank's current list of payment licences.

Delay in getting the cards?

"My understanding is that September 1 is not the deadline for obtaining a licence." "One China Mobile Insider commented to reporters," You can see, now announced that the licensing enterprises, most of which were publicized before May, and some well-known enterprises, including the three major operators, the application and publicity are relatively late, so I believe that the central bank in the time limit should be relaxed, At least three operators are only getting their hands on time. ”

A third party paying business practitioner commented to reporters: "It is not easy to speculate, but the audit may take longer than expected, the management in the time limit may be more relaxed for some time." ”