本报记者 李冰 日前，中国人民银行广西壮族自治区分行公布行政许可信息，同意中通支付有限公司（以下简称"中通 支付"）增资，注册资本调整至2.1亿元。 回溯行业背景，2024年5月1日，《非银行支付机构监督管理条例》正式施行，1亿元实缴注册资本的行 业门槛，推动支付行业竞争格局发生变化。刚刚过去的2025年，行业增资呈现出显著的"头部引领、梯 队分化"特征。 "支付机构增资的普遍逻辑是强化合规与抗风险能力，满足监管要求，深化支付战略布局，支撑业务扩 张与场景渗透，为支付产品迭代、场景拓展等提供资金保障。"中国（上海）自贸区研究院金融研究室 主任刘斌对《证券日报》记者说。 迈向高质量发展 值得注意的是，经过一轮增资后，部分头部支付机构的资本实力已迈上新台阶。经梳理，目前注册资本 最高的为财付通支付科技有限公司，达223亿元，紧随其后的是贝宝支付（北京）有限公司、北京度小 满支付科技有限公司、抖音支付科技有限公司，注册资本分别为45.2亿元、40亿元、31.5亿元。此外， 网银在线（北京）支付科技有限公司和支付宝支付科技有限公司注册资本均为15亿元。 据记者梳理，自《非银行支付机构监督管理条例》发布以来，截至1月1 ...

Core Viewpoint - The People's Bank of China (PBOC) has updated the significant changes in non-bank payment institutions, indicating a trend towards compliance restructuring in the payment industry, characterized by concentrated shareholding, professional management, and refined business operations [3][4]. Group 1: Changes in Shareholding and Business Structure - The PBOC approved a change in the major shareholder of Shanghai Paytong Information Service Co., Ltd., increasing the shareholding of Shanghai Yiying Information Technology Co., Ltd. from 80.5233% to 93.8900%, while the registered capital increased to 300 million yuan [2]. - The name of the company was changed to "Shanghai Paytong Payment Service Co., Ltd." and the compliance risk control officer was changed from Lin Jiecheng to Guo Meirong [2]. - The PBOC also approved the establishment of a new company, Shaanxi Ximei Payment Co., Ltd., by the Shaanxi Coal Trading Center Co., Ltd. to hold the payment business license and operate stored value accounts [2]. Group 2: Industry Adjustment and Regulatory Trends - As of September 29, the PBOC has disclosed a total of 69 significant changes in non-bank payment institutions, with 8 changes in 2025, primarily focusing on shareholding adjustments [4]. - The payment industry is undergoing a profound transformation, shifting from a focus on quantity expansion to quality enhancement and efficiency optimization, indicating a move towards high-quality development [3][5]. - The regulatory environment remains stringent, with all significant changes requiring strict approval from the PBOC to ensure market stability and risk control [4]. Group 3: Future Outlook for the Payment Industry - The payment industry will continue to face adjustments, but the pace is expected to slow down, reflecting a transition from "regulation and standardization" to "optimization and upgrading" [5]. - Current adjustments in the payment institutions are characterized by frequent changes in management, optimization of license business classifications, and strengthening of compliance systems [5]. - The path towards "high-quality development" in the payment industry is becoming clearer under the dual drive of regulation and market forces [5].