Nine sent the world fined 4 million 860 thousand yuan: illegal payment or system reasons?
Liu Piao, He Shasha
Recently, the nine factions were fined 4.866 million yuan by the Changsha Branch of the People's Bank of China (hereinafter referred to as the "Central Bank of China Changsha Branch"), ranking first in the list of penalties imposed by the central bank for violating the relevant provisions of payment and anti-money laundering. As a third-party payment company of Jiuding Group (430719. OC), Jiuding Group provides payment channels for Jiuding Group's debit and loan treasures, two-thirds of its business is still carried out independently.
For the nine factions of mobile payment and Internet payment, how to survive in the future is particularly important at a time when the mobile payment headquarters have already occupied 98% of the market share.
The reason for the punishment, nine factions of the world to the "China Business News" reporter said, "the main reason is the system, not timely reporting data to the regulatory authorities caused. In order to deliver relevant information in time, nine schools are currently upgrading the relevant systems.
It is noteworthy that since November last year, nine factions of the world in the 21CN gathering complaints on a large area of complaints. Most of the complaints were sent to nine countries to access illegal foreign exchange or futures platforms. In this regard, the nine factions of the world said to reporters, "has been responsible for dealing with the response, so far, nine factions of the world access to the merchants are legal compliance, with the relevant qualifications to enter the network merchants."
Reporter observation found that the nine factions of the world in the 21st CNgathering complaints on the settlement rate of 21.24%, most posts have a unified official response, but ultimately no further solution.
Loan treasure business accounted for 30%
As of 2015, Jiuding Investment (600053. SH), a unit of Jiuding Group, began to gradually push its territory into the hot Internet finance. On March 23 of that year, Jiuding Investment announced that it planned to invest 70 million yuan through Jiayuan Jiuding, a wholly-owned subsidiary of Kunwu Jiuding, a holding company, to acquire 70% of Yinghuang Jinbaishi (later renamed Jiuding Tianjin) owned by Yinghuang Business.
Jiuding Investment said that after the acquisition of Jin Baishi shares, the company will use the company's proposed Internet financial business to support Jin Baishi bigger and stronger, Jin Baishi will also rely on its experience in payment business to provide corresponding support for the company's proposed Internet financial business.
Shortly after that, on May 4, 2015, Jiuding Investment announced that it would invest 2 billion yuan to create a wholly-owned holding Internet financial platform, Jiuding Finance, which is the Internet financial platform provided by Jiuding Investment in addition to its traditional financing services.
In June of that year, Jiuding Investments launched a lending platform run by Renren Peoples Technologies. The platform mainly provides two functions: one is to borrow money from acquaintances, friends or institutions; the other is to invest, and users can invest in the wealth management products of Renren Peoples Technologies.
Reporters also noted that although Jiuxin Finance was previously provided by Linkage Advantage E-commerce Limited to provide payment services, but in April 2017, Jiuxin Jinsui issued a notice that the platform suspended operation, will move the subject to the lending platform.
For the current nine factions of the world and nine Ding's Internet financial companies, nine factions of the world said to reporters, "nine factions of the world since the establishment of debit and loan Bao began to provide payment services, last December changed to the People's Bank of China Holdings, the purpose is actually to more fully support Kim Baishi bigger and stronger. Renren Bank Holdings and Jiuding Group have been fully supporting the development of the nine factions under the world business, with the Bank of China Holdings lending platform is only one of the nine factions payment merchants, its proportion is currently less than 30%.
Guangdong, a payment agency industry insiders also analyzed reporters, "similar to bank deposits and loans transfer, Internet financial institutions equivalent to both ends of deposits and loans, transfer is dependent on payment channels, it is estimated that Jiuding is a business model considerations. So, after winning the license, Jiuding group will be beneficial to the layout of its entire financial area.
However, the nine factions of the world occupy 30% of the volume of lending treasure from the start of the online industry has been controversial.
In August 2015, Borrowing Treasure launched a promotional campaign called "pulling friends back to cash" and said it had invested $2 billion to promote the campaign. The rules of the promotional campaign have aroused widespread discussion about whether it is "pyramid marketing". Later, in the second half of 2016, Borrowing Treasure fell into the "naked" incident, and then declared to limit the amount of borrowing for college students. At present, in addition to acquaintance lending and electronic debit card business, but also on-line financial supermarkets, credit cards loan supermarkets, mobile phone recharge, insurance and other businesses.
It is noteworthy that, according to the information disclosed by the CEO of Borrowing Treasure, Wang Lu, on December 3 last year, Borrowing Treasure had a total of 138 million registered users and a total of 160 billion yuan of transactions, but Borrowing Treasure is not yet profitable, hoping to achieve a break-even in 2018.
Only because the system was not upgraded?
According to the official website of the People's Bank of China, nine factions have been granted payment licences since June 2012. After the renewal, the qualifications of the licences now cover Internet payment (nationwide), mobile phone payment (nationwide), prepaid card issuance and acceptance (Hunan Province, Beijing, Shanghai). In addition, cross-border payments have also been granted licensing qualifications.
For the current business situation, nine factions said that there is no cross-border payment business plan, nine factions of the world's main business for the Internet and mobile phone payment.
In the mobile payment market, according to the Research Report of the third party mobile payment industry released by Eri consulting in the past three years, the third party payment companies in the first ten transactions have not changed much. Alipay and fortune pay are still duopoly in the mobile payment market, and the other eight mobile payment companies have not fallen out of the top ten. Yu's market share is less than 2%.
In this regard, nine factions of the world told reporters that the current domestic network payment competition is fierce, our company is adjusting strategies to cope with the increasing competitive pressure.
However, in September 4th, the central bank issued 4 tickets. The tickets show that the nine factions were fined 4.866 million yuan for violating payment and settlement, anti-money laundering and other relevant provisions.
For the specific reasons for the punishment, nine factions of the world told reporters that the main reason is the system, not timely reporting data to the regulatory authorities caused. In order to deliver relevant information in time, nine schools are currently upgrading the relevant systems.
At the same time, reporters noted that since November of last year, nine factions have been concentrated on complaints, mostly due to access to illegal futures and foreign exchange platforms, so far, the number of 529. In Hunan Province, the first financial media platform for political inquiry, supervision and consultation, "complaints through train", there are also several complaints about nine factions under the world, pointing to its illegal platform to provide third-party payment channels. These complaints were in the "processing" state as of press release.
According to the reporter's understanding, the payment channel needs to be approved by the platform. If the payment channel is connected to the illegal platform, or the original merchant after the channel transfer, the platform can not be found in time; or if the company mismanages, the platform payment channel is illegally traded; or if the company intends to do so.
As for the authenticity of the complaints on the 21CN complaint platform, the nine factions only told reporters that the nine factions are all legitimate and qualified merchants.
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