Core Viewpoint - Lakala is experiencing significant declines in both revenue and net profit, particularly in Q1 2025, where net profit has halved compared to the previous year, indicating severe operational challenges and investment losses [1][2][3]. Financial Performance - In 2024, Lakala reported a revenue of 5.759 billion yuan, a decrease of 2.96% year-on-year, primarily due to reduced hardware sales and technology service income [2]. - The net profit for 2024 was 351 million yuan, down 23.26% year-on-year, influenced by high investment income in the previous year and losses from equity disposals [2]. - For Q1 2025, revenue fell by 13.02% year-on-year, while net profit dropped by 51.71% [2][3]. Investment Losses - Lakala faced a significant investment loss from its stake in Baotou Rural Commercial Bank, where it incurred a fair value loss of approximately 135 million yuan after opting for a zero-value buyout of its shares [4][5]. - This investment failure has adversely affected the company's financial health and investor confidence [5]. Business Challenges - The company’s digital payment business saw a slight revenue decline of 0.27% in 2024, with total payment transaction volume at 4.22 trillion yuan, down 13.62% year-on-year [6]. - The technology service segment experienced a revenue drop of 18.43%, primarily due to a 78.17% decrease in credit card marketing service income [6]. - The competitive landscape in the payment industry is intensifying, with major players like Alipay and WeChat Pay dominating market share, posing a threat to Lakala's growth [6][7]. Stock Market Reaction - Following the release of disappointing financial results, Lakala's stock price fell significantly, with a cumulative drop of over 15% in two days, closing at 23.28 yuan per share [1][7].

华夏时报（www.chinatimes.net.cn）记者 胡梦然 深圳报道 近日，多个投诉平台出现针对乐刷支付POS机突然涨价的用户投诉，其中黑猫投诉平台近30天内便收录有600余 条，大部分内容为投诉乐刷POS机未提前告知用户的情况下单方面上调费率并私自扣费。 乐刷支付是深圳市移卡科技有限公司（下称"移卡科技"）的全资子公司，同时也是移卡科技核心业务的主要运营 主体。根据移卡科技2024年年度财报，一站式支付服务业务占总营收约87%。 公开资料显示，移卡科技（09923.HK）成立于2011年，主要为商户及消费者提供支付及商业服务。2014年，公司 获得央行支付业务许可证，提供全国银行卡收单及移动电话支付业务。2020年，移卡科技成功在港交所主板上 市。 针对费率上调、近期投诉增多等问题，《华夏时报》记者联系移卡科技，但截至发稿未获回复。 合规性建设受考验 除了收入下滑，移卡科技支付业务的合规性建设也备受考验。 今年3月底，中国人民银行深圳市分行连续对5家支付机构开出罚单，其中乐刷支付被罚款金额最高。具体来看， 乐刷支付因存在违反机构管理规定、违反商户管理规定、违反清算管理规定、未对外包服务商开展尽职调查 ...

新华财经上海4月23日电 受益于政策利好，A股跨境支付概念股本周大幅上扬。 其中，拉卡拉（300773.SZ）三日内涨超47%，成交额急剧放大，总市值重回200亿元上方。 拉卡拉曾在投资者互动平台表示，公司跨境支付业务主要通过合作银行接入CIPS、SWIFT等系统来实现跨境人民币及跨境外币的结算。 政策利好推动跨境支付概念成短期热点 跨境支付概念股短期爆发，主要受政策面利好推动。 4月21日，中国人民银行 、金融监管总局、国家外汇局、上海市人民政府联合印发《上海国际金融中心进一步提升跨境金融服务便利化行动方案》。其中指 出，提升人民币跨境支付系统（CIPS）功能和全球网络覆盖。跨境清算公司增强与金融机构协同联动，共同提升对"走出去"企业的服务水平。推动更多银行 加入CIPS，持续扩大CIPS网络覆盖范围。加强CIPS建设，完善系统功能，研究推动区块链技术应用，为人民币计价的全球贸易、航运及投融资提供安全高 效的结算清算服务。 中银证券研报指出，"对等关税"政策可能推动全球跨境支付从全球化向区域化转型，从而促进支付体系的多元化，一定程度上加速了人民币跨境支付系统的 发展。 此外，中国跨境电商如敦煌网、阿里国际站 ...

Core Viewpoint - The article discusses the issues surrounding the Zhongxin prepaid card, including consumer complaints about its limited usability and the company's response to these challenges, highlighting the impact of "scalpers" on the card's functionality and the broader implications for the prepaid card industry in China [1][2][10]. Group 1: Company Overview - Zhongxin card is issued by Beijing Zhongxin Yinbao Tong Payment Service Co., Ltd., a subsidiary of Zhongxin Antai Group, and is a popular prepaid card in Beijing with over 15 million users [1][3]. - The card was initially usable at over 2,000 merchants in Beijing, covering shopping, dining, entertainment, and life services, but the merchant directory has been cleared as of the article's publication [1][5]. Group 2: Consumer Issues - Since late March, consumers have reported that their Zhongxin cards, which still have thousands of yuan loaded, are facing usage restrictions, with some unable to use the card for purchases at various merchants [2][3]. - The company has stated that the restrictions are due to "scalpers" creating panic and hoarding products, which has disrupted normal consumer usage [2][10]. Group 3: Refund and Redemption Process - The company has opened a redemption channel for cardholders, but consumers must present proof of purchase and identification to schedule a refund, with wait times extending to September [3][4]. - Many consumers have expressed dissatisfaction with the limited product offerings available for redemption, which do not meet their original expectations when purchasing the card [4][8]. Group 4: Industry Context - The article highlights ongoing issues in the prepaid card sector, including difficulties in obtaining refunds and the prevalence of consumer complaints, as noted by the China Consumers Association [3][12]. - Experts suggest that the regulatory framework for prepaid cards in China needs to be strengthened to protect consumer rights and ensure the stability of payment institutions [10][12].

没有人能断言支付宝一定会成功，但它已经开始向上爬坡了。 在中国互联网精彩的三十年里，支付宝占据了二十年，2024 年 5 月的 Quest mobile 报告显示，支付宝 MAU 持续增长至 8.9 亿，增速为行业 2.5 倍。 从一根 64K 国际专线接入开始，从 OICQ 到微信，从网易到腾讯，从 1688 到淘宝天猫，从优酷土豆到抖 音，从百度到小红书，竞争和资本的焦点无数次变换，具备 "穿越周期性" 的商业模式却寥寥无几：社 交、内容和支付，这三个元素成就了当下几大超级应用，支付宝也是其中之一。 20 年来，总结支付宝在业务探索的关键词，是 "突破性"。2004 年，为解决买家先付款还是卖家先发货的 问题，支付宝在淘宝体系下被孵化出来，为买卖双方做信用担保。此后，快捷支付、余额宝、水电煤缴 费、花呗、借呗、收钱码、蚂蚁森林等一系列产品创新构成了当下人们熟知的超级应用，并且培育起一个 超 10 亿的用户群体，其中相当一部分人花钱存钱都会使用支付宝 —— 这是支付宝能走过 20 年最大的基 本盘。 支付带来流量，流量需要分配。但很长一段时期，支付宝没法只做一个支付工具，它还是中国两大互联网 阵营 —— 阿 ...