According to the national finance and development laboratory data, in 2016, non banking institutions Internet payment business reached 54 trillion and 250 billion yuan; mobile payment, non silver institutions to complete 51 trillion and 10 billion yuan, an increase of more than 120%. Previously, these huge amounts of payments were handled mainly through direct (Banking) models. As the model bypasses the central bank's liquidation system, it makes the central bank unable to grasp the exact flow of funds, and thus poses a great challenge to anti money laundering and financial supervision. Therefore, the people's Bank of Chinese in early August issued a notice that, from June 30, 2018 onwards, non bank payment network institutions to pay business from direct mode to processing through online payment platform.
The online payment platform is mainly composed of wanglian liquidation Company Limited (referred to as wanglian) play. In August 22nd, net Clearing Co. Ltd. (hereinafter referred to as wanglian) the first shareholders' meeting held in Beijing, the meeting elected the board of directors, board of supervisors, shaping the corporate governance structure of the network, the third party payment market enter the network era. Concerned about the market, network will be established on the third party payment institutions and consumers affected? In addition, how to network with UnionPay differentiated positioning? This topic will be discussed. (Yang Zhijin)
In August 22nd, net Clearing Co. Ltd. (hereinafter referred to as wanglian) the first shareholders' meeting held in Beijing.
The important topic of this meeting is the election of the company's board of directors, the board of supervisors, and to consider the articles of association. Twenty-first Century Economic Herald reporter learned that the election Chinese payments clearing Association executive vice president and Secretary General Cai Hongbo wanglian chairman, former deputy general manager of China bank network finance department, President of wanglian preparatory group leader Dong Junfeng wanglian president, Baidu vice president Zhang Xuyang as chairman of the board of supervisors.
The establishment of the board of directors, board of supervisors, marking the company governance structure of Internet has been initially formed.
Earlier, the central bank in early August issued a document request, banks and Payment institutions should complete access network and business migration preparatory work, in October 15, 2017 June 30, 2018, all third party payment institutions admissibility involving bank accounts online payment service through the network platform.
This means that the ship by the 45 shareholders, registered capital of 2 billion yuan of net "carrier" is set sail slowly, the third party payment began to gradually enter the network era.
The pattern of discourse power: central bank led
In the third party payment chaos frequent background, wanglian ideas gradually surfaced. In October 2016, the central bank China officially approved by the Association for payment clearing organizations pay institutions in accordance with the co construction and sharing, has initiated the preparation of wanglian "principle. In January this year, the net liquidation company "name of the State Administration for Industry and Commerce (pre) approved by the end of 3, net platform to start trial operation, officially launched at the end of 6, net stock switching.
With the network of the business on the right track, wanglian discourse pattern is gradually clear. The network platform has been determined to shareholders, the shareholders of the 45 companies invested a total of 2 billion yuan.
Among them, from the central bank, a total of 7 units, respectively, the people's Bank of Chinese clearing center, Chinese banknote printing and Minting Corporation, Chinese payment clearing Association, the Shanghai gold exchange, clearing house interbank market, China inter-bank market dealers association and the State Administration of foreign exchange under the machine Wu Tung investment platform construction limited liability company, invested 740 million yuan in total holds 37% stake; other shareholders are the third party payment institutions, the current market share of the top caifutong and Alipay each accounted for 9.61% tied for first, Jingdong's online banking holding 4.71% times. Other third party payment institutions total shareholding of 39.07%, and the proportion of shares are not more than 3%, while the central bank departments are not less than 3% of the unit shareholding.
This pattern is also reflected in the shareholders' meeting in August 22nd. Candidate 13 directors of 7 from the central bank system of the relevant units, the other 6 directors were from caifutong, Alipay, Jingdong, China Telecom, financial payment, quick money and Wanda wing Ping An Group Ping one wallet and other units.
In addition to the 3 representatives of the 7 supervisors, 4 supervisors from Baidu, China Mobile and China Banknote Printing and Minting corporation. In the end, Baidu vice president Zhang Xuyang was elected chairman of the board of supervisors.
Twenty-first Century Economic Herald reporter learned that the shareholding proportion of Payment institutions, both market share considerations, and comprehensive consideration of the shareholders in wanglian background and contribution of the preparatory period. During the preparation of wanglian system, caifutong, financial Jingdong and Baidu all actively provide personnel support, network technology for strong from Baidu group.
To become shareholders of wanglian Payment institutions is also the third party payment market strong institutions, including SF, NetEase, Shanda, Kara, millet, vip.com, the United States and other payment companies in the column. However, most of the more than 240 remaining third party payment companies on the market can not be shortlisted, and these institutions will be represented by the China Association for payment and settlement.
This pattern has also been achieved through consultation and negotiation. Twenty-first Century Economic Herald reporter learned that, once the idea of three center in wanglian early, Shanghai and Shenzhen center respectively by Alipay and caifutong for technological transformation, the Beijing Center for further bidding, which is based on the market share for the design for the main consideration index, but in the end because of small and medium-sized institutions and against payment are in violation of the principle of network neutrality was abandoned.