Alipay Responded To The Central Bank's Reserve Deposit Management: Four Points To Show Its Position

Yesterday, the website of the people's Bank of China announced that the people's Bank of China has implemented centralized depository management of payment facilities for payment institutions since April 17, 2017.

The so-called "customer reserve payment" is to pay the money to be paid by the institutions in advance. For example, when you purchase online, you use Alipay to pay, and confirm that before the receipt, the money is on Alipay's bank account, that is, the customer pays.

Because of the time difference, there will be a huge accumulation of funds.

It is understood that, according to the requirements of customer reserve management, payment agencies should centralize the deposit of customers in the reserve depository bank.

At present, the minimum proportion of deposits is 10%, up to 24%.

Among them, the network payment business class a organization is lowest 12%, E class organization 20% tall.

The new regulation will eventually realize the centralized management of all customers' deposits. The main purpose is to rectify and prevent Payment institutions from misappropriating and occupying customer payment, ensuring the safety of customers' funds, and guiding the payment institutions to return to their business sources.

In addition, the new regulation requires that "PBC or commercial banks do not pay interest payments to non bank payment institutions".

As a third party payment platform with 450 million users

After the promulgation of the new regulation, it told the media that it strongly supports the new provisions of the central bank.

The following is Alipay's response to the original text:

The Internet Finance represented by the third party payment has been vigorously developed in the attention and support of the central bank and the supervision departments at all levels. Under this premise, the third party payment has developed over the past decade, and the risk is controllable and mature. It has played a positive role in promoting the inclusive economy for the service small and micro enterprises and the mass consumers.

The introduction of this method is a process of pparent mutual trust between enterprises and regulators, and the process of studying and listening together to explore and perfect. It is also a positive process that keeps moving forward. This is a solid foundation for future development.

Alipay firmly supports the new regulations of the central bank, which is conducive to the long-term, healthy and sustainable development of the industry.

A healthy industry needs the attention and support of all parties, and needs supervision.

Alipay has always adhered to the principle of "prudent innovation, embracing supervision, service entities, and activating finance" to provide more and better value for the healthy development of the industry, serving the people's livelihood and serving the real economy.

For the current concerns, the official website of the people's Bank of China announced the answer to the responsible person.

1, the customer reserve payment is the money paid by the payment organization to collect the customers' payment, and it does not belong to the property of the payment institution.

The ownership of the customer's reserve fund belongs to the client of the payment institution, but it is different from the bank's deposit of the client himself. It is not protected by the deposit insurance Ordinance, nor deposited in the bank in the name of the customer, but is deposited in the bank in the name of the payment institution, and the payment institution initiates capital pfer instructions to the bank.

2, at present, the payment agency distributes the deposit of customers in their own name in a number of banks to open accounts, scattered on average, each payment institution opens 13 customer reserve accounts, and the largest number of accounts opened accounts for 70.

Up to the third quarter of 2016, 267 Payment institutions had absorbed more than 460 billion yuan of customer payment.

3, the scale of customer payment is huge, and the deposit is scattered. There are a series of hidden dangers.

First, the risk of client appropriation is being misappropriated by the payment institution.

For example, in August 2014,

The incident of misappropriation of customer payment by the Yimi business management service company involved 54 million 203 thousand and 800 yuan. In September 2014, Guangdong Yimin tourism and Leisure Service Co., Ltd. "refueling" business was suspected of illegally absorbing public deposits, resulting in a risk exposure of 600 million yuan.

Two, some payment agencies illegally occupy customer's reserve funds to purchase financial products or other high risks.

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Three, payment agencies should handle cross bank funds clearing through super payment accounts opened by commercial banks, operate over the scope, and perform interbank clearing functions in disguised form.

There are even Payment institutions that facilitate access to money laundering and other criminal activities, and increase the risk of cross - system pmission of financial risks.

The four is the scattered deposit of the customer's reserve fund, which is not conducive to the payment institution's overall fund management and liquidity risk.

4, many payment agencies earn interest income by expanding the scale of customer payment.

It is understood that there are three types of payment business carried out by the payment institutions at present, that is, the issuance and acceptance of prepaid cards, the payment of network and the receipt of bank cards.

The paction characteristics of these three types of business are different, resulting in a great difference in the precipitation effect of payment to customers of Payment institutions. They are reduced from prepaid cards, network payment and bank card receipts. In actual operation, the degree of dependence of Payment institutions on interest payments is not the same.

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