【深圳商报讯】（首席记者 谢惠茜）持牌支付机构因擅自变更高管被罚。近日，中国人民银行贵州省 分行最新罚单显示，持牌支付机构贵州汇联通支付服务有限公司（下称"汇联通支付"）因变更监事、高 级管理人员，未经中国人民银行贵州省分行批准被警告、通报批评并被罚款10万元。与此同时，时任贵 州汇联通支付服务有限公司法定代表人陈某因对汇联通支付上述违法行为负有责任被处以罚款5万元。 "这确实为业内敲响了警钟。说明《非金融机构支付服务管理办法》的相关要求已成为支付行业的绝对 红线，此次汇联通支付因高管变更未经审批而被罚提醒所有持牌机构，合规不仅体现在反洗钱、资金安 全等操作层面，更应贯穿于公司治理的全过程。"博通咨询首席分析师王蓬博在接受记者采访时表示。 公开资料显示，汇联通支付于2011年获中国人民银行颁发的支付牌照，可开展预付卡发行与受理业务。 其为贵州黔通智联科技股份有限公司全资子公司，隶属于贵州高速公路集团。从官方微信公众号来看， 汇联通支付主要运营购物商城小程序，并承担ETC办理、加油卡售卖等业务，服务用户群体为贵州省工 会会员等。 记者注意到，2024年7月施行的《非银行支付机构监督管理条例实施细则》显示，非银行 ...

Core Viewpoint - The third-party payment industry is undergoing significant restructuring, highlighted by the recent exit of prominent player RuYinXin, which ceased its payment operations due to license expiration, reflecting broader challenges faced by smaller institutions in the sector [1][3][4]. Industry Overview - In the first half of 2025, the People's Bank of China (PBOC) has canceled 106 payment licenses, matching the total for the entire year of 2024, reducing the number of licensed payment institutions to 165 from a peak of 271 [1][7]. - The industry is experiencing a "Matthew Effect," where major players like Alipay and WeChat dominate the market, leading to the exit or consolidation of smaller firms lacking competitive advantages [7][8]. Company-Specific Developments - RuYinXin, established in 2003 and a significant player in the payment sector, announced the termination of its payment services effective July 9, 2025, due to the expiration of its payment business license [3][4]. - The company faced compliance issues, including substantial fines for exceeding approved business scopes and failing to meet regulatory requirements, which contributed to its decline in business scale post-2020 [5][6]. Regulatory Environment - The implementation of the new regulatory framework in 2024 has raised capital thresholds and emphasized compliance, pushing the industry towards quality development rather than mere scale expansion [8][9]. - The PBOC's recent actions indicate a stricter regulatory environment, with a focus on compliance and risk management, which has led to the exit of several institutions from the market [7][8]. Future Trends - The payment industry is shifting from a "scale-driven" model to a "value-driven" approach, with a focus on financial technology and value-added services as key competitive areas [8][9]. - Smaller payment institutions are advised to seek partnerships with larger entities or focus on niche markets to survive in the increasingly competitive landscape [9].

Core Viewpoint - The payment industry is witnessing a significant business adjustment as Beijing GaoHuiTong Commercial Management Co., Ltd. has voluntarily reduced its business types, exiting the II category of stored value account operations, marking its departure from the prepaid card issuance and acceptance market [1][3]. Group 1: Company Actions - GaoHuiTong has actively communicated with the People's Bank of China to cancel its prepaid card business qualifications in provinces where it has not been actively operating, aiming to concentrate resources on developing more competitive internet payment services [3][4]. - The company has retained its I category stored value account operations while exiting the II category, indicating a strategic shift in its business focus [3][4]. - GaoHuiTong's ownership traces back to Hong Kong's Jinsheng Enterprise Co., Ltd., and it operates under the umbrella of the Hong Kong-listed company Youzan, with its headquarters in Beijing and branches in several major cities [3][4]. Group 2: Industry Context - The exit from the prepaid card market by GaoHuiTong reflects a broader trend in the industry, where many payment institutions are struggling to sustain prepaid card transactions due to external pressures such as the rise of internet payments and regulatory changes [6][7]. - The prepaid card sector is facing significant challenges, with many institutions opting to relinquish their qualifications to avoid the costs associated with maintaining dual payment systems and regulatory compliance [6][7]. - Since 2025, the People's Bank of China has revoked licenses from six payment institutions, indicating a trend of consolidation within the industry, particularly affecting the prepaid card business [6][7]. Group 3: Regulatory Environment - The regulatory landscape has tightened, with the implementation of the Non-Bank Payment Institution Supervision and Management Regulations, which require a minimum registered capital of 100 million yuan, leading to expectations of further reductions in the number of prepaid card licenses [7][10]. - The industry is undergoing a cleansing process, with increased scrutiny on compliance and operational practices, as evidenced by GaoHuiTong's previous penalties for regulatory violations totaling approximately 27.87 million yuan [5][10]. - Analysts predict that only a few institutions that successfully transition to digital models or maintain stable large enterprise clients will survive in the evolving market [7][10].