Cai Tong Tong Was First Paid The Business License &Nbsp, Ushering In The Rapid Development.

In May 26th, the people's Bank of China awarded the first "payment business license" to 27 domestic third party payment enterprises. The Shenzhen City Financial Technology Co., Ltd. (referred to as "Cai Fu Tong") has strong strength and excellent quality.

In June last year, the people's Bank of China promulgated the "Regulations on the management of payment services of non-financial institutions", clearly stipulates that non-financial institutions should obtain payment business licenses, become Payment institutions and accept the supervision and management of the people's Bank of China in accordance with the law.

As the first batch of companies to receive the payment business license, Liu Yingqi, general manager of CAI Fu Tong, said that we have been actively supporting the relevant policies of the state. The supervision of the people's Bank of China can effectively regulate the market and is conducive to the healthy development of the industry.

He believes that the acquisition of payment business license is of great significance to Cai Fu Tong, which will help us gain more recognition from users and businesses.

It is understood that in the first batch of 27 enterprises that have been certified, the largest registered capital of Alipay (Tencent Inc) and Alibaba (Alibaba) are 500 million yuan, with the smallest registered capital being 30 million yuan.

The report of the consulting firm Yi Guan International showed that in 2010, China's third party payment market reached 11324 billion yuan in the year, and a 95% increase.

The third party payment market still maintains a high market concentration rate, with only 70% of the two companies, including fortunes and Alipay.

Fortune paid second, accounting for 22.4%.

Zhang Meng, an analyst at Analysys International, said payment of business licenses would give payment to enterprises in a legal position, making the third party payment business extended to more stringent and highly professional financial sectors, such as funds and insurance.

Liu Yingqi, general manager of CAI Fu Tong, believes that the issuance of the payment business license is a major opportunity for the payment industry to rise. More heavyweight rivals may join in, and the payment industry will form a complete industrial chain.

He said that in the future, Cai Fu Tong would strengthen the absorption of financial professionals and help more enterprises to raise funds.