长期支付牌照再增1家

Core Viewpoint - The article discusses the recent issuance of a long-term payment license to Chuanhua Payment Co., Ltd. by the People's Bank of China, highlighting its significance in the payment industry and the regulatory changes that support the growth of non-bank payment institutions [1][3][4]. Company Overview - Chuanhua Payment was established in April 2015 and has a history of compliance, initially created to assist in risk management for Zhejiang Yishi Enterprise Management Service Co., Ltd. [3]. - The company has transitioned from being a "risk disposal derived institution" to a recognized player in the payment industry, having obtained various payment qualifications before the recent regulatory changes [3][4]. Regulatory Changes - The People's Bank of China has shifted to a long-term license model for payment institutions, eliminating the previous five-year renewal cycle, which reduces uncertainty and preparation pressure for these companies [4][5]. - The first batch of institutions to receive long-term licenses included 13 companies, with some institutions exiting the market due to compliance issues and strategic adjustments [5]. Market Dynamics - The third quarter of 2025 saw significant growth in non-cash payment transactions, with 1,685.08 billion transactions amounting to 150.336 trillion yuan, indicating a recovery in consumer spending and digital payment acceleration [7]. - Electronic payment transactions were particularly strong, with 775.54 billion transactions worth 82.297 trillion yuan, showcasing the dominance of online payment methods [7][8]. Industry Trends - The rise of industry chain payments is a new highlight, with companies like China Telecom's Yipay reporting substantial growth in transaction volumes and partnerships [8][9]. - The integration of payment services with the real economy is deepening, as seen in initiatives that combine communication, consumption, and lifestyle services [9]. Future Outlook - The payment industry is expected to continue evolving, with QR code payments leading the small-value transaction market, while card payment services will remain essential in B2B and cross-border transactions despite ongoing pressures [10].