近日，多家支付机构重大事项变更许可信息公示，涉及网银在线（北京）支付科技有限公司（以下简 称"网银在线"）、北京海科融通支付服务有限公司（以下简称"海科融通支付"）、北京亚科支付科技有 限责任公司（以下简称"亚科支付"）、拉卡拉支付股份有限公司（以下简称"拉卡拉"）、浙江唯品会支 付服务有限公司（以下简称"唯品支付"）。 经梳理，截至10月24日，中国人民银行官网共披露了70条非银行支付机构重大事项变更许可信息。从 2025年来看，年内以"银许准予决字〔2025〕"为编号的非银行支付机构重大事项变更许可信息为9条。 多家支付机构获批增资 日前，中国人民银行北京市分行公示的非银行支付机构重大事项变更许可信息显示，同意网银在线增加 注册资本至15亿元。 资料显示，网银在线为京东集团全资子公司，于2011年5月3日获得中国人民银行《支付业务许可证》， 获准开展银行卡收单（北京）、互联网支付、移动电话支付、固定电话支付。2014年，网银在线成为首 批获得国家外汇管理局关于"跨境电子商务外汇支付业务"试点许可的企业之一。2024年支付业务类型重 新划分后，该机构业务类型调整为储值账户运营Ⅰ类、支付交易处理Ⅰ类（北京市） ...

Core Viewpoint - The recent updates from the People's Bank of China regarding Lakala's capital reduction and stock cancellation reflect the company's commitment to shareholder returns through consistent dividends and share buybacks, supported by strong financial performance and strategic initiatives [1][2]. Group 1: Capital Changes and Share Buybacks - Lakala has reduced its registered capital from 788.08 million yuan to 776.66 million yuan, with plans to cancel 11.42 million shares [1]. - The company has conducted two share buybacks in the secondary market, repurchasing 20.16 million shares for 600 million yuan in 2021 and 3.19 million shares for 57.58 million yuan in 2023 [1]. - Over the past two years, Lakala is expected to have canceled a total of 23.36 million shares, representing 2.92% of the total shares before cancellation [1]. Group 2: Dividend Policy and Financial Performance - Since its listing in 2019, Lakala has maintained a shareholder-oriented dividend policy, distributing a total of approximately 2.458 billion yuan in dividends, with high cash dividend to net profit ratios [1][2]. - In the first half of 2025, Lakala reported revenue of 2.651 billion yuan and a net profit of 229 million yuan, with significant growth in cross-border payment transaction volume and customer numbers, increasing by 73.5% and 70.4% respectively [2]. Group 3: Strategic Focus and Future Plans - Lakala is focusing on digital payment, industry digitalization, and international development, aiming to enhance business efficiency through AI and digital innovation [3]. - The company has strategically invested in leading domestic restaurant SaaS provider Tian Cai Shang Long, positioning itself as a key player in the restaurant digital service sector [2][3]. - Lakala's retail SaaS products have served over 100,000 merchants, indicating a substantial increase in quality customer numbers [2].

Group 1 - The People's Bank of China has updated the major event change permission information for non-bank payment institutions, approving the reduction of Lakala Payment Co., Ltd.'s registered capital from 788,082,500.00 yuan to 776,664,942.00 yuan [1] - The major shareholder, Legend Holdings Corporation, increased its shareholding ratio from 23.54% to 23.88% [1]

Core Viewpoint - The People's Bank of China, along with the National Financial Regulatory Administration and the China Securities Regulatory Commission, has released a draft regulation aimed at standardizing customer due diligence and record-keeping practices for financial institutions, emphasizing risk-based approaches in customer identification and transaction monitoring [2][3]. Group 1: Regulatory Framework - The draft regulation outlines six categories of financial institutions required to comply with anti-money laundering obligations, including policy banks, commercial banks, rural cooperative banks, securities firms, insurance companies, and non-bank payment institutions [2]. - Financial institutions are prohibited from providing services to unidentified customers, opening anonymous accounts, or accounts under false identities [2][3]. Group 2: Customer Due Diligence Requirements - Non-bank payment institutions must conduct customer due diligence when establishing business relationships, such as opening payment accounts or selling prepaid cards above RMB 10,000 [3]. - Banks and non-bank payment institutions are required to perform due diligence on merchants they serve, documenting the identity of the merchants and their legal representatives [3]. Group 3: Cross-Border Transactions - For cross-border remittance transactions exceeding RMB 5,000 or the equivalent of USD 1,000, financial institutions must verify the identity of the remitter and ensure the accuracy of the information [4]. - Financial institutions acting as intermediaries in cross-border remittance must ensure complete transmission of remitter and payee information and take appropriate measures based on risk assessments [4].

Core Viewpoint - The People's Bank of China and other regulatory bodies have released a draft regulation aimed at enhancing anti-money laundering (AML) measures across various financial institutions, with a feedback deadline set for September 3, 2025 [1][6]. Group 1: Regulatory Framework - The draft regulation outlines detailed requirements for customer due diligence, customer identity documentation, and transaction record retention, providing operational guidelines for financial institutions [1][6]. - Six categories of financial institutions are required to comply with the AML obligations, including policy banks, commercial banks, rural cooperative banks, securities firms, insurance companies, and non-bank payment institutions [4][5]. - The regulation mandates that banks conduct customer due diligence for transactions exceeding RMB 50,000 or USD 10,000, and non-bank payment institutions must do the same for transactions above RMB 10,000 [4][5]. Group 2: Implementation and Impact - The regulation aims to enhance the effectiveness of customer due diligence and align with international AML standards, thereby improving risk management and compliance within the financial sector [6][8]. - Analysts suggest that while compliance costs may increase in the short term, the long-term benefits include enhanced stability and confidence in China's financial markets, facilitating cross-border capital flows and international cooperation [9]. - The regulation is seen as a critical upgrade to the AML regulatory framework, filling gaps in oversight and contributing to a safer and more transparent financial system [9].

Core Viewpoint - The People's Bank of China (PBOC) has revised the "Non-Bank Payment Institutions Classification Rating Management Measures" to enhance the regulation of non-bank payment institutions and improve differentiated regulatory measures [1][2] Group 1: Regulatory Framework - The revised draft aims to comprehensively evaluate the operational level and risk status of payment institutions, facilitating compliance and enhancing the scientific, precise, and effective nature of regulatory work [1] - The classification rating process is defined as an evaluation conducted by the PBOC and its branches based on daily regulatory information and other relevant data [1] Group 2: Rating Indicators and Methods - The draft specifies the rating indicators, methods, and scoring criteria, with classifications conducted annually, and the PBOC will clarify scoring standards before each rating [1][2] - It outlines five categories and eleven rating results, along with corresponding scoring ranges and standards for special circumstances [2] Group 3: Implementation and Information Sharing - The classification rating applies to payment institutions that have been established for over one year as of the end of the previous natural year [2] - The PBOC and its branches are required to continuously collect various information necessary for classification ratings, including non-site regulatory information, inspection reports, and internal and external audit reports [2] - An information-sharing mechanism is to be established between the PBOC, clearing institutions, and the China Payment and Clearing Association to enhance compliance and risk management [2]

Core Points - The People's Bank of China (PBOC) has issued a notice to enhance the regulation of non-bank payment institutions by revising the "Management Measures for Classification and Rating of Non-Bank Payment Institutions" [1] - The revised draft includes five categories and eleven rating results with corresponding scoring ranges, as well as criteria for recognizing special circumstances in category E [1] - The measures clarify the standards for assessing the operational status and risk levels of various rating results, along with the regulatory actions that the PBOC and its branches will take [1] - The rating results are intended solely for the use of the PBOC and its branches and are generally not disclosed to the public [1]

Group 1 - The People's Bank of China (PBOC) has released a draft for public consultation regarding the classification and rating management of non-bank payment institutions, outlining the framework for the rating process [1] - The draft specifies the establishment of a classification rating mechanism led by the payment settlement department, with participation from technology and anti-money laundering departments [1] - The rating indicators, methods, and scoring criteria are clearly defined, with annual evaluations mandated by the PBOC prior to each rating cycle [1] Group 2 - The draft outlines five categories and eleven rating results, detailing the corresponding scoring ranges and special circumstances for Class E ratings [1] - It establishes standards for measuring the operational status and risk levels associated with each rating result, along with regulatory measures to be taken by the PBOC and its branches [1] - The rating results are intended solely for regulatory use by the PBOC and its branches, with a general principle of non-disclosure to the public [1] Group 3 - The rating process is applicable to payment institutions that have been established for over one year, with a defined procedure for self-assessment, preliminary evaluation by branches, and final review by the head office [1] - The draft includes provisions for interpretation rights and the effective date of implementation [1]

Core Insights - Broadcom Analysis released the "Annual Special Report on the Non-Bank Payment Industry 2025," highlighting industry trends and exemplary companies, with Lianlian International's "Smart Payment+" product matrix recognized as a leading case [1] Group 1: Industry Trends - The globalization of trade and technology services in China has led to increasingly complex and diverse business scenarios and needs for domestic cross-border merchants [4] - More cross-border payment institutions are developing one-stop solutions that include cross-border payment and financial product integration to support the growth of domestic cross-border businesses [4] Group 2: Company Overview - Lianlian International has built a comprehensive "Smart Payment+" product matrix, leveraging years of insights into cross-border trade and service experience, along with self-developed technology and a broad partner network [4] - The company has successfully provided customized comprehensive service solutions to nearly 5.9 million clients, including B2C cross-border e-commerce, B2B foreign trade enterprises, independent site users, and service trade enterprises [4] Group 3: Product Features - Lianlian International's global payment solutions, developed in collaboration with renowned card organizations like VISA, address various payment needs across multiple scenarios, including cross-border travel and international logistics [8] - The "Lianlian Travel Flash Payment" product supports mainstream travel scenarios in over 100 countries and regions, enabling multi-currency account settlements and a fast payment experience [8] Group 4: Value-Added Services - In addition to payment services, Lianlian International offers value-added services that cater to the needs of outbound enterprises in areas such as store opening, operations, and tax refunds [8] - The "Global Leading Plan" allows for one-click store opening, recently upgraded with the "Lianlian Think Tank" AI assistant service to expedite the global store opening process for new sellers [9]

Group 1 - The core point of the article is that the People's Bank of China has approved an increase in the registered capital of Tenpay Technology Co., Ltd. to 22.3 billion yuan [1] - This capital increase reflects the regulatory authority's recognition of Tenpay's development [1]