China Net Finance, May 21-Recently, the central bank updated information on its information disclosure page to show that Yinshitong Information Technology Co., Ltd.(referred to as "Yinshitong")discobingoThe payment license of the company was officially cancelled, making it the third payment license to be cancelled this year. So far, the total number of payment institutions that have withdrawn from the market has reached 88.
Data shows that Yinshitong Information Technology Co., Ltd. obtained the payment license issued by the People's Bank of China for the first time in June 2012, and its business scope covers digital TV payment services nationwide. According to industrial and commercial information, Yinshitong has a registered capital of 100 million yuan, and its largest shareholder is Shanghai Culture Radio, Film and Television Group, with a shareholding ratio of 35%.
However, the signal that Yinshitong has withdrawn from the market has long appeared. In June 2022, in the renewal information of the "Payment Business License" of non-bank payment institutions announced by the central bank, Bank Vision was suspended due to specific circumstancesdiscobingoReview of renewal applications. Since then, there has been no new news on the renewal progress of Yinvision.
Wang Pengbo, chief analyst of Broadcom Consulting, pointed out that Yinvision's exit has long been expected. On the one hand, the digital TV payment license has not kept up with the needs of the times, and the scene has been covered by online mobile payments; on the other hand, the institution also has "Non-Bank Payment Institutions" The Regulations on the Supervision and Administration of Payment Institutions stipulate that "the same shareholder shall not directly or indirectly hold more than 10% of the equity or voting rights of two or more non-bank payment institutions of the same business type." restricted by.
It is worth mentioning that Yinvision is the third payment license to be cancelled this year. In March 2024, the official website of the People's Bank of China updated the list of cancelled licensing institutions, in which the payment license held by Shanghai Niusda Technology Co., Ltd. was officially cancelled. In the same month's update, the payment license of Shenzhen UnionPay Financial Network Co., Ltd. was also confirmed to be officially cancelled on January 10, 2024.
So far, the total number of payment institutions that have withdrawn from the market has reached 88. "The continuous reduction in the number of licenses is a normal phenomenon in the payment market after continuous compliance and market-oriented adjustments. The survival of the fittest will promote the healthy development of the industry." Wang Pengbo said.