在全球支付生态加速演进的当下，中国银联正联合产业各方构建融合"泛账户方"与"泛受理方"的新"四 方模式"，明确各参与方角色与职责，使其能更顺畅地参与境内外支付服务，推进跨境互联互通。在此 背景下，近日，中国银联股份有限公司(以下简称"中国银联")与上海收钱吧互联网科技股份有限公司(以 下简称"收钱吧")签署全面业务合作协议，升级多领域合作。 此次合作是支付产业各方在新"四方模式"的框架下，整合优势资源，升级境内外支付服务的重要实践。 双方将切实提升商户收银效率与消费者支付体验，助力更多实体商户突破经营瓶颈，提振消费大局。 收钱吧致力于用产品及服务提升线下商户的数字化能力和经营水准，服务网络已覆盖境内外超1000万实 体商户。中国银联秉持"支付为民"的初心和"互信互联 共创价值"的企业愿景，持续联动产业各方，构 建包容多元的支付受理环境，有力支撑实体经济发展。 根据协议，双方将进一步建立长期、稳定、快速的合作交流机制，加强资源互补，合力打通支付服务与 商户经营的"最后一公里"。在赋能实体经济方面，收钱吧将推动旗下千万级商户全面受理银联卡码PAY 全产品，双方也将联合推出专属优惠活动，助力商户揽客、经营。在推动跨 ...

北京商报讯（记者 廖蒙）支付领域再现百万元罚单。12月9日，北京商报记者注意到，人民银行深圳市 分行近日发布的行政处罚决定书显示，嘉联支付有限公司（以下简称"嘉联支付"）因违反商户管理规定 及违反清算管理规定，被给予警告、通报批评，并处以141万元罚款，同时没收违法所得1293.91元。 商户管理、清算业务违规等为何会成为支付机构被罚的重灾区，王蓬博直言，支付机构尚未跳出规模优 先的老思路。收单市场竞争激烈，不少机构为抢商户放宽资质核验，甚至外包审核环节，给黑灰产留有 通道；清算端则为了提升资金周转效率，搞非标准化流程，导致资金流向失控。 嘉联支付方面从经营角度表示："这是监管强化、业务特性、合规管理与行业生态演变等多重因素交织 作用的结果，后续公司将秉持'风险为本'理念，以全生命周期管控筑牢风险防线，依据监管要求落实商 户全流程闭环管控等核心举措，不断完善合规建设。" 一直以来，合规都是支付行业不可触碰的高压红线，自去年《非银行支付机构监督管理条例》进一步明 确商户实名制、交易真实性的刚性要求以来，不仅倒逼支付机构重构前端审查流程，同时要求从业机构 规范清算环节的资金流转路径，从根源上防范资金挪用风险。 素 ...

Core Viewpoint - The recent administrative penalty imposed on JiaLian Payment highlights ongoing regulatory scrutiny in the payment industry, emphasizing the importance of compliance in merchant management and clearing processes [1][4]. Group 1: Company Overview - JiaLian Payment obtained its payment license in June 2012, valid until June 2027, focusing on nationwide payment transaction processing [3]. - The company has a registered capital of 200 million yuan and operates in 337 cities, serving over one million merchants [3]. - In the first half of 2025, JiaLian Payment processed approximately 721.8 billion yuan in transaction volume, with revenue of 949 million yuan and a net profit of 88.5 million yuan [3]. Group 2: Regulatory Actions - JiaLian Payment was fined 1.41 million yuan for violations related to merchant management and clearing management, with illegal gains of 1,293.91 yuan being confiscated [1][4]. - This penalty follows a previous fine of 2.99 million yuan in October 2023 for similar violations, indicating a pattern of regulatory issues within the company [4]. Group 3: Industry Insights - The payment industry is facing increased regulatory pressure, particularly concerning merchant management and clearing processes, which are seen as high-risk areas [5]. - Analysts suggest that the focus on compliance is critical to maintaining public trust in third-party payment systems and ensuring the safety of funds for merchants and end-users [4][5]. - The implementation of the 2024 "Non-Bank Payment Institutions Supervision and Management Regulations" will further enforce strict requirements for merchant real-name systems and transaction authenticity, compelling payment institutions to enhance their compliance measures [5]. Group 4: Compliance and Risk Management - JiaLian Payment has acknowledged the need for improved compliance and risk management, stating that it will enhance its awareness and implement core measures to ensure compliance in operations [3][5]. - The company aims to establish a comprehensive risk management framework and adhere to regulatory requirements to prevent financial risks associated with non-compliance [5][6].

预计到2030年跨境支付规模将达290万亿美元，其中零售市场规模将增长45%。随着B2B电子商务增长加速，预计将从39 万亿美元增至 56万亿美元，成为跨 境支付最大细分市场。同时，跨境商业服务的增长将超过货物贸易。 自2015年一期上线以来，人民币跨境支付系统（ CIPS ）逐步扩展至全球市场，截至2025年4月末，直接参与者共计171家，间接参与者1500家，相关业务通 过4900多家银行机构覆盖全球187个国家和地区。 央行联合五地官方机构建设多边央行数字货币桥mBridge，基于DLT实现多中心同平台的跨境"支付即结算"，2024年已进入最小可行化产品阶段。数字人民 币跨境支付DCEP商业试点于2025年加速推进，截至2025年4月已扩展至50多个国家和地区，覆盖"一带一路"沿线90%的经济体。 D音支付 未来全球电商市场增长依然强劲，2023-2024年同比增长10%，预计到2030年CAGR将达到8%。目前电商已占C2B支付场景15%的市场份额，到2030年这一比 例预计将达到19%。全球消费正进入全面数字化时代。 （一）人民币跨境支付基础设施建设全面展开 2023年下半年起，人民币跃升成为国际支 ...

传化支付长期牌照落地，支付行业开启"提质竞速"新周期 21世纪经济报道 叶麦穗 近日，央行官网发布非银行支付机构《支付业务许可证》续展(换证)公示信息(2025年12月批次)。信息 显示，传化支付有限公司(以下简称"传化支付")正式换发长期有效的支付牌照，许可内容为"储值账户运 营Ⅰ类、储值账户运营Ⅱ类(仅限线上实名支付账户充值)"。 这是央行披露的第14家换发长期有效牌照的支付机构名单。 传化支付拿"长期牌照" 回溯传化支付的成长历程，合规基因贯穿始终。这家成立于2015年4月的支付机构，诞生之初便肩负着 特殊使命——其原母公司通过债权债务承接方式，配合地方政府处置浙江易士企业管理服务有限公司的 风险事件。2017年，随着浙江易士风险处置尘埃落定，央行正式公告其牌照信息，传化支付也由此成为 支付行业中"风险处置衍生机构"的典型代表。 在支付业务类型重新划分前，传化支付已具备"互联网支付、移动电话支付、预付卡发行与受理(仅限于 线上实名支付账户充值)"的完整资质，为后续发展奠定基础。 2025年，传化支付迎来发展历程中的关键转折点——股权的全面更迭。3月31日，传化智联股份有限公 司发布公告称，其子公司传化物 ...

Core Viewpoint - The People's Bank of China has issued a long-term payment license to Chuanhua Payment, marking a significant regulatory shift towards quality optimization in the payment industry [3][4]. Group 1: Regulatory Changes - Chuanhua Payment has received a "long-term valid" payment license, allowing it to operate both Class I and Class II stored value accounts [1][3]. - This is the second announcement of payment license renewals by the People's Bank of China in 2023, with 14 institutions, including Douyin Payment and LeShua Payment, now holding long-term licenses [3][4]. - The transition from a 5-year license to a long-term license reflects a shift in regulatory focus from quantity control to quality optimization [4][5]. Group 2: Industry Impact - The renewal process has increased pressure on payment institutions to meet regulatory requirements, including capital, net assets, and reserve fund ratios [4][5]. - Six payment institutions were denied license renewals due to various compliance issues, highlighting the stringent nature of the new regulations [4][5]. - As of now, there are 164 licensed payment institutions, with 150 still facing future renewal challenges [5][6]. Group 3: Compliance and Future Outlook - The successful renewal of licenses is contingent upon genuine business operations, robust risk control, and adherence to regulatory standards [5][6]. - Companies are advised to focus on core operations, address historical compliance issues, and enhance capital and system capabilities to avoid becoming "zombie licenses" [6]. - The long-term license does not guarantee permanence; institutions must be prepared for ongoing regulatory scrutiny and invest in compliance and risk management capabilities [6].

Core Insights - Airwallex has completed a Series G funding round, raising $330 million, led by Addition with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures, resulting in a valuation of $8 billion [2] - The company is establishing its second global headquarters in San Francisco, following Singapore, and plans to double its U.S. team to over 400 people within the next 12 months [2] - Airwallex reported an annualized revenue of $720 million for March 2025, representing a 90% year-over-year growth, with a global transaction volume exceeding $130 billion [2] Company Overview - Airwallex was founded in December 2015 by Jack Zhang, Max Li, Lucy Liu, and Xijing Dai, aiming to create a more efficient and cost-effective cross-border payment solution for businesses [3] - The company provides global payment, financial management, expense control, and embedded financial solutions for modern enterprises [2]

记者丨叶麦穗 编辑丨肖嘉 近日，央行官网发布非银行支付机构《支付业务许可证》续展（换证）公示信息（2025年12月批次）。 信息显示，传化支付有限公司（以下简称"传化支付"）正式换发长期有效的支付牌照，许可内容为"储 值账户运营Ⅰ类、储值账户运营Ⅱ类（仅限线上实名支付账户充值）"。 这是央行披露的第14家换发长期有效牌照的支付机构名单。 | | THE PEOPLE'S BANK OF CHINA | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 法律法规 货币政策 | | | 宏观审值 | 信贷政策 | 金融市场 | 全融稳定 | 调查线计 | 银行会计 | 支付休系 | | | 全融科技 | 人民币 | 经理网库 | 国际交往 | 人员招录 | 学术交流 | 征信管理 | 反洗钱 | 竞建工作 | | | 服务互动 | 政务公开 政策解读 | | 公告信息 | 图文直播 | 央行研究 | 音频视频 | 市场动态 | 网上展厅 | 报告下载 | 报刊年鉴 ...

Core Viewpoint - The article discusses the recent issuance of a long-term payment license to Chuanhua Payment Co., Ltd. by the People's Bank of China, highlighting its significance in the payment industry and the regulatory changes that support the growth of non-bank payment institutions [1][3][4]. Company Overview - Chuanhua Payment was established in April 2015 and has a history of compliance, initially created to assist in risk management for Zhejiang Yishi Enterprise Management Service Co., Ltd. [3]. - The company has transitioned from being a "risk disposal derived institution" to a recognized player in the payment industry, having obtained various payment qualifications before the recent regulatory changes [3][4]. Regulatory Changes - The People's Bank of China has shifted to a long-term license model for payment institutions, eliminating the previous five-year renewal cycle, which reduces uncertainty and preparation pressure for these companies [4][5]. - The first batch of institutions to receive long-term licenses included 13 companies, with some institutions exiting the market due to compliance issues and strategic adjustments [5]. Market Dynamics - The third quarter of 2025 saw significant growth in non-cash payment transactions, with 1,685.08 billion transactions amounting to 150.336 trillion yuan, indicating a recovery in consumer spending and digital payment acceleration [7]. - Electronic payment transactions were particularly strong, with 775.54 billion transactions worth 82.297 trillion yuan, showcasing the dominance of online payment methods [7][8]. Industry Trends - The rise of industry chain payments is a new highlight, with companies like China Telecom's Yipay reporting substantial growth in transaction volumes and partnerships [8][9]. - The integration of payment services with the real economy is deepening, as seen in initiatives that combine communication, consumption, and lifestyle services [9]. Future Outlook - The payment industry is expected to continue evolving, with QR code payments leading the small-value transaction market, while card payment services will remain essential in B2B and cross-border transactions despite ongoing pressures [10].

Key Points - 36Kr will cover the global stories of Chinese brands at CES 2026, following its previous coverage at IFA and GITEX GLOBAL in 2025 [2] - WeChat Pay has officially launched in Qatar through QNB, marking the first bank in the GCC to support this payment method, enhancing digital payment options for retailers [3] - Meituan Keeta has officially launched in eight cities in São Paulo, Brazil, as part of a five-year investment plan of 5.6 billion Brazilian Reais [3] - Shopee and Shein are the top overseas shopping platforms for Brazilian consumers, with 96% of them engaging in international shopping in the past year [4] - dLocal has introduced a new payment method combining biometrics with Pix payments in Brazil, allowing users to confirm payments via facial recognition or fingerprint scanning [4] - JD.com has acquired 85.2% of German retail group CECONOMY, aiming to accelerate localization in the European market [5] - Cainiao's eHub in Hong Kong has achieved 80% automation in its operations, becoming the most digitized air cargo hub in the region [5] - MAISEAT has launched a global app to enhance the cross-border ticket purchasing experience for users, supporting multiple languages and payment methods [6] - WuXi Biologics has signed a strategic cooperation memorandum to establish the first integrated CRDMO center in the Middle East [7] - Changan Automobile plans to launch its electric vehicle brands Avatr and Nevo in Europe within the next two years [7] - China Power Construction has signed multiple overseas projects in renewable energy and infrastructure across various countries [7] - UniXAI has completed a total of 300 million yuan in financing, achieving significant growth in robot deliveries [8] - Daimeng Robotics has secured new strategic financing to enhance its product development and global market expansion [8] - Suisheng Technology has raised millions in seed funding to develop AI recording hardware, with plans to launch its first product in 2026 [9] - The AI glasses market is seeing new entrants, with major players like Li Auto and Alibaba launching their products [10] - Over one-third of mobile marketers are currently investing in short drama advertisements, indicating a shift in global strategy among Chinese app developers [10]