New foreign investment in third party payment market

Fierce fighting in the third party to pay the market, but also new foreign investment figure.

July 10, the People's Bank of China announced the sixth instalment of non-financial institutions "payment business license" (hereinafter referred to as "payment license") 27 companies. In addition to the expected Beijing Sina Payment Technology Co., Ltd., Beijing Hundred Pay Technology Co., Ltd., such as the internet giant's payment company has been approved, but also appeared edenred (China) Co., Ltd., Shanghai Sodis Wantong Services Co., Ltd. with foreign background of the company.

The industry's hot-talking PayPal (US ebay's payment company) is not on this list. The number of licensed institutions has reached 250 since May 2011, when the central bank started third party payment licences.

Sina's approved business type is internet payments and mobile phone payments. "Sina's own payment system called ' new pay Pass ', before the use of the main system, such as Sina Mailbox, books and shopping malls." "Analysys International senior analyst Meng said to our correspondent.

As early as 2011, Sina submitted a payment licence application to the central bank. Sina CEO Cao Chao said in a recent conference call, Sina Weibo platform will strengthen long-term cooperation with Alibaba, but based on micro-bo own payment products "micro-bo Wallet" (new payment) and other factors, Sina wants to maintain autonomy.

"Sina's formal access to payment license does not affect our cooperation with Sina," he said. "Alipay, an insider, said to reporters.

"After the new licensing, the third party to pay the market pattern has not changed much, prepaid card issuance and acceptance of the company accounted for about 60% of the share." "Meng said.

Reporter preliminary statistics, 27 payment institutions, Sina payment, hundred pay and other 6 companies business type covers "Internet payment", 2 institutions for "bank card receipts", other types of business are "prepaid cards issued and accepted."

The first batch of foreign companies to appear in the business is also prepaid cards issued and accepted. The two foreign companies filed applications in late 2011, according to the central bank's announcement.

Edenred (China) registered capital of 100 million yuan, the business is mainly concentrated in Beijing, Shanghai, Chengdu, Wuxi four cities. Public information shows that Edenred was listed in July 2010 on the pan-European Paris stock Exchange in New York, and is currently setting up branches in 40 countries around the world.

"The group is headquartered in France, specializing in the global prepaid business." Entering Shanghai in 2000, but applying for a licence to the central bank is a registered branch in Wuxi. "Edenred (China) Beijing Branch, a staff member told reporters.

"In principle, after May 2011, until the payment of a licence, the company will not be new to carry out payment and prepaid card related business." "Therefore, China, as an important market for edenred global layout, cannot interrupt the prepaid card business in China because of the licensing hurdles," Meng said.