Core Insights - The acquiring outsourcing service industry is facing an unprecedented compliance crisis, exposing risks to payment security, consumer rights, and financial stability [1][3] - Regulatory measures have been introduced to address industry issues, but a long-term governance mechanism is still needed to effectively tackle these problems [1][3] Regulatory Challenges - Recent regulatory actions target the root causes of industry malpractices, including credit card cash-out advertisements and the freezing of merchant funds due to multi-layer outsourcing [1] - Some payment institutions outsource core operations without establishing effective entry review and dynamic management mechanisms, leading to illegal transactions such as cash-out and money laundering [1][2] Outsourcing Risks - The pursuit of profit by some outsourcing agencies has led to dangerous practices, including incentivizing merchants through "distribution rebates" and "zero fees," resulting in a vicious cycle of poor quality driving out good [1][2] - The misuse of technology has exacerbated risk proliferation, with some aggregating payment service providers encouraging outsourcing through system loopholes [1] Governance Recommendations - A three-dimensional approach involving "regulation - institutions - technology" is essential for addressing the chaos in acquiring outsourcing [1][2] - Regulatory bodies should enhance penetrative supervision and connect outsourcing institution records with anti-money laundering systems for risk prevention [1][2] Institutional Responsibilities - Licensed acquiring institutions must take on primary responsibility and avoid a "hands-off" approach, implementing a "white list" system for outsourcing partners [2] - Regular assessments and on-site inspections of outsourcing institutions should be conducted to ensure compliance and technical capability [2] Technological Empowerment - Technology is key to improving governance efficiency, with regulatory bodies encouraged to establish information-sharing platforms for outsourcing institutions [2] - Acquiring institutions should leverage big data and AI to enhance risk control systems and monitor merchant transaction data in real-time [2] Future Outlook - The future of acquiring outsourcing services relies on a dual drive of compliance and innovation, necessitating a comprehensive regulatory framework [2][3] - Encouraging positive technological advancements can help shift outsourcing institutions from low-quality competition to high-value service innovation [2]

DLocal (DLO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual investo ...

以下文章来源于金通社 ，作者洪升 金通社 . 聚焦财经金融领域热点话题，提供独家深度解读。金通社，权威、领先、专业的金融行业研究机构！ 作者 | 洪升 来源 | 金通社 导 语： 该员工所在的中国银联业务运营中心，直到2024年初仍有多人被央行处罚。 曾一度被认为"清水衙门"的中国银联，竟然也隐藏着惊人的灰色操作空间。日前披露的一则判决 书，揭开了银联"内鬼"的灰色生意。 判决书显示，银联一位80后员工，利用掌握非标商户（即不符合标准费率适用条件的商户）入网审 核费率的职务便利，短短几年疯狂受贿高达1900万元，多家支付机构卷入行贿风波。 然而令人遗憾的是，虽然该员工已经获刑，但该员工所在的中国银联业务运营中心，直到2024年初 仍有多人被央行处罚，银联也因违反商户管理规定、违反支付受理终端及相关业务管理规定而被罚 款1540万元。 今年完成换帅的中国银联，不知是否能"亡羊补牢"？新一届领导团队只有通过完善制度堵住"内 鬼"的操作空间，将权力关进笼子里，中国银联才能实现不能腐、不敢腐、不想腐的历史性跨越。 "内鬼"的灰色生意 近日，一则上海市浦东新区人民法院的刑事判决书，揭露了银联业务主管利用规则漏洞谋利的内 ...

近日，央行官网公告显示，支付机构上海润通实业投资有限公司（简称"润通实业"）已被注销牌照。 据记者统计，目前累计被注销牌照的支付机构已达102家，润通实业则是年内第六家被注销牌照的支付 公司。 主营预付卡业务 支付业务许可信息公示，润通实业支付牌照的注销日期为2025年5月31日，而润通实业首次获批支付牌照的日 期为2012年6月底， 属于较早获批支付牌照的机构。 天眼查信息显示，润通实业成立于2006年，注册资本为人民币1亿元，控股股东为上海谙稷企业发展有限公 司，持股比例为80.2%。据悉，润通实业旗下曾有两大产品"赢点生活卡"和"赢点生活网"，但记者进入润通实 业登记的官网发现，显示界面已更改为"赢点影视"，提供各类影视短剧供播放。 事实上，润通实业曾为上海大生农业金融科技股份有限公司（简称"大生农业科技"）控股的第三方支付机构， 2016年7月，经人民银行审批同意，大生农业科技间接控股润通实业。大生农业科技曾在港股上市，后于2024 年退市。 天眼查信息显示，2023年，润通实业缴纳城镇职工基本养老保险人数仅为6人，财务信息则未公布。 在润通实业以前，得仕股份有限公司、中汇电子支付有限公司、汇明商务服 ...

中国香港《稳定币条例》立法通过以及刊宪生效，让"稳定币"这个略显陌生的词在大众和资本市场迅速走红。但对于长期关注香港金融和科技领域发展的人 来说，该法律的通过是水到渠成。香港稳定币的破局，将对金融科技的生态产生何种影响？Web3支付的未来又将呈现何种趋势？ 近日，由OKG Research联合香港科技大学金融研究院与香港科技大学Crypto-Fintech Lab共同举办了一场研讨会。该研讨会以"稳定币立法开闸，Web3支付走 出'试验区'？"为主题，包括OKX Pay、Solana Foundation、京东币链、ZA Bank（众安银行）等目前Web3支付领域的重要代表机构负责人，尝试探讨以上问 题的答案。 稳定币迈入"监管加速期" 研讨会当天，OKG Research联合香港科技大学Crypto-Fintech Lab共同发布《Web3支付研究报告》。报告指出，截至2025年5月，全球稳定币供应量已接近 2500亿美元，过去12个月增长超54%，流通市值已相当于美国M2（广义货币供应量）的1.13%，年交易量预计突破10万亿美元。报告认为，随着用户体验提 升、商户覆盖拓展及合规稳定币的推广，Web3支付 ...

近日，央行官网公告显示，支付机构上海润通实业投资有限公司（简称"润通实业"）已被注销牌照。据记 者统计，目前累计被注销牌照的支付机构已达102家，润通实业则是年内第六家被注销牌照的支付公司。 即使官网已更换，网络中不乏对润通实业旗下"赢点生活卡"的介绍：该卡主要为企业及个人提供商业积分消费 及电子商务服务，曾是上海企事业单位缴纳费用、福利发放、薪酬奖励选择之一，持卡人在特约商户处进行刷 卡消费，消费范围涵盖衣、食、住、行、医疗健康、休闲娱乐等领域商户。通过预付款，润通实业还为企业用 户提供员工福利、激励管理等方案。 不难看出，曾经的"赢点生活卡"也和许多预付卡产品一样红极一时，时过境迁，主营预付卡的机构牌照却被频 频注销。 主营预付卡业务 支付业务许可信息公示，润通实业支付牌照的注销日期为2025年5月31日，而润通实业首次获批支付牌照的日 期为2012年6月底， 属于较早获批支付牌照的机构。 天眼查信息显示，润通实业公司成立于2006年，注册资本为人民币1亿元，控股股东为上海谙稷企业发展有限 公司，持股比例为80.2%。据悉，润通实业旗下曾有两大产品"赢点生活卡"和"赢点生活网"，但记者进入润通 实业登记的 ...

Group 1 - Meituan is accelerating its overseas expansion plans, with Dubai as the first international trial site for its drone delivery service, having obtained the first commercial operation certification for drone delivery in Dubai by December 2024 [2] - PingPong has received preliminary approval from the Central Bank of the UAE to operate, which will enable it to provide a range of services including local remittance and cross-border transfers for local and global businesses [2] - Gaw Capital plans to increase investments in the Middle East, having recently invested over $150 million in a residential building in Abu Dhabi and signed agreements to explore the development of a life sciences park in Dubai [2] Group 2 - JD Logistics has completed the delivery of its first logistics infrastructure project in the Jebel Ali Free Zone in Dubai [3] - Abu Dhabi has launched a unified economic license to enhance its competitiveness as a business-friendly destination, streamlining the registration process for economic licenses across the emirate and its free zones [3] - The UAE's non-oil private sector growth rate fell to its lowest level in nearly four years in May, with the Purchasing Managers' Index (PMI) dropping from 54.0 in April to 53.3 in May, indicating a slowdown in growth momentum despite strong demand [3] Group 3 - The UAE Ambassador to China attended a trade cooperation exchange meeting, where multiple cooperation agreements were signed, exploring potential collaboration opportunities between the UAE and Sichuan Province [4] - The Middle East tourism market is expected to grow significantly, with total tourism consumption projected to reach $350 billion by 2030, maintaining an annual growth rate of around 7% [4] - The first UAE Agriculture Conference and Exhibition concluded successfully, attracting over 10,000 attendees and resulting in several strategic agreements to support the agricultural sector [5] Group 4 - The UAE is seeking to negotiate a trade agreement with the US to reduce tariffs on steel and aluminum, as the UAE is a significant exporter of these products to the US [5] - The Comprehensive Economic Partnership Agreement (CEPA) between Cambodia and the UAE has shown initial positive results, with bilateral trade increasing by 5% year-on-year in 2024, reaching $91.14 million [5] - Qatar is projected to attract $2.74 billion in foreign direct investment (FDI) in 2024, with significant contributions from Chinese companies across various sectors [6] Group 5 - Qatar's tourism sector is expected to contribute 55 billion Qatari riyals (approximately $15.1 billion) to the GDP in 2024, marking a 14% increase from 2023, with 5 million international visitors anticipated [7] - HSBC Qatar is exploring various cooperation opportunities with the Hong Kong manufacturing association to support Qatar's economic diversification efforts [7]

Core Insights - The event "Financial Empowerment for Enterprises Going Global" was held in Shanghai, focusing on enhancing cross-border financial services and supporting enterprises in international markets [1] Group 1: Policy Initiatives - The People's Bank of China, along with other regulatory bodies, issued an action plan to enhance cross-border financial service convenience in Shanghai, addressing diverse financial needs [3] - Yangpu District released measures to promote high-quality development in science and technology finance, including 20 specific initiatives across five key areas [3] - The district aims to support international technology innovation and online new economy sectors with 15 unique measures, including establishing the "Yangfan" AEO enterprise service [3] Group 2: Financial Services and Solutions - Bank of China Shanghai Branch introduced a "24/7 Direct Account" service for whitelist enterprises, allowing for immediate foreign exchange transactions and improving capital efficiency [4] - A guarantee fund model was introduced to reduce the cash deposit ratio for enterprises, enhancing customs clearance efficiency amid tariff fluctuations [4] - The Shanghai Municipal Financial Office provided a detailed interpretation of the action plan's strategic goals and key tasks [4] Group 3: Risk Management and Support - The China Foreign Exchange Trading Center emphasized the importance of exchange rate risk management and provided case studies on risk management tools [4] - Yangpu Customs shared initiatives for AEO credit cultivation, offering preferential treatment to support the high-quality development of foreign trade enterprises [5] - Xtransfer highlighted the role of cross-border payment solutions in facilitating global transactions for foreign trade enterprises [6] Group 4: Future Directions - Yangpu District plans to further optimize the policy environment, enhance top-level design, and promote cross-border investment and financing convenience [6] - The district aims to strengthen international financial cooperation and encourage innovation in cross-border financial products and services [6]

【导读】关税大消息，日韩股市开盘直线拉升 美国和日本的关税谈判峰回路转。 据NHK，日本考虑在6月15日举行的G7峰会前与美国达成关税协议，报道未提及消息来源。每日新闻报道称，日本贸易谈判代表赤泽亮正安排在本周访问 美国时进行更多会谈。 今日早盘，日经225指数开盘后直线拉升，涨超1%。 | < < | 日经225 | D Q | | --- | --- | --- | | 指 HQ.NKY | | | | 38153.73 +412.34 +1.09% | | | 关税最新消息 此前，日美两国政府于美国当地时间6月6日下午（日本时间6月7日上午）在华盛顿举行了第五轮部长级谈判。 据日本共同社报道，5月23日，日本首相石破茂在与特朗普电话会谈后说，要求美方撤销所有附加关税是日方"坚定不移的立场"。但报道说，有接近双边 谈判的消息人士此前透露，鉴于特朗普政府的强硬立场，日本已开始考虑放弃寻求全面取消关税的立场，并正在探讨在多大程度上作出妥协以尽快达成协 议。 韩国KOSPI指数开盘涨超1.8%，现报2856.6点。 在会后，日本首席贸易谈判代表、经济再生大臣赤泽亮正对媒体介绍称："我们在达成协议方面进一步取得进 ...

稳定币如何落地支付领域？20250606 摘要 连连数字定位为 ToB 的第三方支付解决方案提供商，是中国独立数字支 付解决方案领域的市场领导者，市场份额约 10%，2024 年全球总交易 金额超过 3 万亿人民币，服务超过 590 万家客户，覆盖 100 多个国家 和地区，支持 130 多种货币交易。 公司拥有全球 65 张支付牌照及相关资质，建立了合规、风控和反洗钱 系统，并积极探索 Web3 领域，获得香港虚拟资产交易平台（VATP） 牌照，并计划发行稳定币，以提高贸易结算效率并降低成本。 跨境电商的增长是公司发展的重要驱动力，2024 年中国跨境电商进出 口增速约为 10.8%，受益于供需两端的线上化趋势，以及对综合性一站 式解决方案的需求。 连连支付通过连接全球 100 多个主要电商平台和主要银行，以及自建物 流公司，构建全球网络布局，提升服务覆盖面，降低客户物流成本。 公司未来的发展战略包括进一步拓展全球牌照布局，激活各国牌照使用， 提供本地化运营服务，并探索数字资产交易，拓展 Web3 领域。 Q&A 请介绍一下连连数字的主营业务及其在跨境支付领域的创新。 连连数字是一家专注于为跨境电商平台上的 ...