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 Insights - The article discusses the ongoing auction of equity stakes in domestic third-party payment companies, specifically focusing on Oriental Electronic Payment, which has a portion of its shares listed for transfer [1] Group 1: Company Overview - Oriental Electronic Payment is offering 9.505% of its equity for sale, with a total valuation of 1.48 billion yuan based on the minimum transfer prices of 3.8776 million yuan for 2.62% and 10.1898 million yuan for 6.885% [1] - The company was established in 2008 and obtained its first payment business license from the central bank in 2011, with its license set to expire on May 2, 2026, requiring an increase in capital to 200 million yuan for renewal [1] Group 2: Financial Performance - For 2024, Oriental Electronic Payment is projected to generate revenue of 8.88 million yuan, with a net loss of 8 million yuan; in the first half of 2025, revenue is expected to be 3.76 million yuan, with a net loss of 5.27 million yuan [1] - The company's total assets amount to 132 million yuan, with owner equity at 93 million yuan [1] Group 3: Industry Context - The article highlights a trend where small and medium-sized payment institutions are selling their licenses or equity stakes due to increased compliance costs and a rationalization of license values, leading to a concentration of resources among larger players [1] - The profitability of payment institutions has declined, making it difficult for smaller firms to operate, resulting in a lack of buyers for sold licenses; for instance, a 100% stake in Bangfu Bao was listed for 438 million yuan in January 2024 but did not sell [1] - Experts suggest that payment institutions are increasingly reliant on traditional acquiring services, with a low proportion of value-added services, shifting the valuation logic towards profitability and compliance risks [1]