The Third Party Pays For The Wilderness: The "Multi-Purpose Prepaid" Violation Of The Clustered Licences Is Out Of The Market.

With a prepaid card, it can be used in many new stores, such as new bread, Yuan Zu, Qian Ji, Tian Xiang orchard and Fornet laundry.

As a tool for "convenient payment", because of the construction and operation of the capital pool, it was originally launched by the central bank to pay the business license, but it was launched by a non licensed organization, and branches were set up in many provinces and cities throughout the country to carry out the exhibition industry.

According to the twenty-first Century economic report reporter survey, the above agencies are Beijing Pino Technology Co., Ltd.

And there are not a few institutions that do similar exhibitions. The funds behind them are in a state of disorder, and there is no way to estimate the volume of funds.

According to industry sources, as a licensed institution, when using multi-purpose prepaid card business, it is unable to make use of the capital pool "profit margin" when it is subject to the supervision of the use of funds. Therefore, in the process of expansion, there is a price disadvantage compared to the non licensed institutions, instead, they are faced with the risk of being squeezed out by the market.

This also means that the focus of market risk is still around the "pool of funds".

Frequent occurrence of "unlicensed business"

According to the twenty-first Century economic report reporter, according to the different issuers, prepaid cards are mainly divided into single use prepaid cards and multi-purpose prepaid cards.

The single purpose prepaid card is limited to the shopping cards issued in the enterprise or the Group owned by the enterprise or in the same brand franchise system, such as shopping malls, supermarkets, etc. the multi-purpose prepaid card can purchase goods or services outside the issuing authority and within the scope of the special merchants expanding within the payment institution, which can be used across legal persons, across industries or across regions.

The multi-purpose prepaid card is supervised by the central bank. The central bank issues payment business licenses to the relevant institutions, and the licensed institutions can only comply with the regulations.

Industrial and commercial information shows that Pino, founded in November 23, 2016, has a registered capital of 10 million yuan. The legal representative and controlling shareholder of the company is Ding Haiyu, a total of 10 branches such as Pino, Wuhan branch and so on.

However, Ding Haiyu became a legal person and shareholder of Pinot gifted in December 2019. Before that, the legal person of Pino and gifted was Wang Yu and Wang Yu was the sole shareholder of natural persons. After Wang Yu withdrew from the company, he still held a number of senior executives and held shares in Pino, Nanjing, Pino and Technology Co., Ltd.

Ding Haiyu also holds Beijing Bo Ying Century Culture Communication Co. Ltd., and the movie voucher issued by the company can be used in the national cinema ticket window or through the WeChat public number online.

In twenty-first Century, according to the central bank website's combing and combing, a total of 237 institutions received the central bank's payment business license, but there was no Pinot gifted product.

According to the information approved by the Chaoyang Branch of the Beijing Administration for Industry and Commerce in February 28th this year, Pino's business scope includes technology promotion services, computer system services, ticketing agents (excluding air ticket sales agents), economic and trade consulting, product design, conference services, marriage services (excluding foreign marriage), sales of stationery, clothing, handicrafts, Sporting goods, electronic products, computers, cosmetics, edible agricultural products, daily necessities, medical devices I, II, food and so on.

A "Pinot cake card" obtained by reporters shows that the card has two ways of exchanging online and offline, of which online exchange can be exchanged through Pinot's official website or "Pinot welfare" public number channel, and the offline exchange can be held to local designated sweeter shops, laundries and fruit shops.

Goods or services can be purchased outside the card issuing authority and within the scope of the extended business within the payment institution. The Pinot cake card is a multi-purpose prepaid card.

"Similar products, such as Nuo, such as no license to pay business license, unlicensed business behavior will bring great risks to consumers. No license fund is not regulated. Once a company's money flees or risks can not be paid, it will cause serious social problems." A third party payment agency in Southern China told the twenty-first Century business news reporter.

In March 19th, in twenty-first Century, the economic report reporter consulted a salesperson on the question of whether the company was unlicensed and operated with Pinot gifted, who apparently was not familiar with the central bank's payment business license, and said that it had nothing to do with the announcement by the central bank.

The compliance problem of prepaid card institutions has also been the focus of supervision of the central bank and the business sector. For example, before the central bank carried out the work of unlicensed Payment institutions, they announced more cases of business violations, and the special rectification actions carried out by commercial departments all over the country.

Risk warning regulatory pressure

According to the introductory materials provided by the above salesmen, Pino, Inc. is headquartered in Beijing. At present, it has established 15 branches in Shanghai, Chongqing, Chengdu, Wuhan, Hangzhou, Xi'an, Changsha, Tianjin, Nanjing, Nanjing, Nanjing, post, company, and company, and has radiated the surrounding areas with the above cities as the center, launching the enterprise welfare service business nationwide.

In twenty-first Century, the economic news reporters interviewed Pino welfare website found that goods exchanged on Pino online include food, cosmetics, daily necessities and so on, including Hagen Dazs, Ge Di fan, Rui Xing coffee and other well-known e-commerce coupons.

Shopping cards are a typical way to evade regulation in exchange for other merchants' shopping vouchers. Multi purpose prepaid cards are more likely to be developed in the form of single purpose prepaid cards. The industry insiders pointed out.

According to the information disclosed, there is not a minority of non licensed companies such as Nuo, such as similar products.

Combing reporters found that with the strong growth of the third party payment business in recent years, the central bank's regulatory system for the prepaid card industry has also been gradually established.

As early as 2011, the central bank, the Ministry of supervision, the Ministry of Finance and the Ministry of Commerce jointly issued the "opinions on standardizing the management of commercial prepaid cards", which collectively referred to the prepaid consumption card as a commercial prepaid card, and divided it into multi-purpose commercial prepaid cards and single use commercial prepaid cards according to the application scope of the prepaid cards; in the same year, the China payment clearing association was established. It is responsible for formulating industry payment criteria and regulations, requiring payment of self regulatory management in the clearing service industry.

At that time, the central bank and the Ministry of Commerce and other relevant departments jointly carried out the special inspection of the commercial prepaid card market, and made a statement to promote the rectification and promote the standardized development of the commercial prepaid card market.

Since then, the central bank has continued to issue the management method of prepaid card business of Payment institutions, and has divided the prepaid regulatory bodies. Among them, the single use commercial prepaid card is supervised by the Ministry of Commerce. The multi-purpose commercial prepaid card is supervised by the central bank. It emphasizes the real name system, the non cash card purchase system and the limited issuance system.

In addition, the central bank has issued the implementation plan for the special rectification work of non bank payment institutions to carry out unauthorized business payment business rectification or centralized regulation.

Risk focused pool

Those close to the regulators point out that the unlicensed institutions are not subject to the relevant regulatory provisions, and they directly carry out the settlement of merchant capital and prepaid cards, and control and control the relevant funds themselves, resulting in the risk of withholding and misappropriating merchant funds.

In reality, there have been many unauthorized agencies misappropriating commercial settlement funds or cardholders' prepaid funds and "run away" risk events.

"Unlicensed institutions without a license will inevitably bring bad money out of good money. The funds of non licensed institutions are often operating in vitro. The pool of funds is very high, while the compliance institutions are subject to regular supervision by the central bank, and the cost of business is naturally hard to resist the squeeze of non licensed institutions." The aforementioned agency said.

For single purpose prepaid cards, disputes are more common because of the uneven quality of card issuing enterprises.

Similar sports fitness, beauty salons, education and training institutions, these industries prepaid card business is very common, but once problems arise, consumers are often faced with the phenomenon of difficult to protect their rights.

"There are many businesses on the market to take pre paid cash discounts, repaid cash gifts or other ways to guide consumers to recharge large amounts of capital, and enterprises will run away once problems arise. Even the starting point of some businesses is fund-raising fraud, through prepaid cards disguised as high interest rates. A commercial bank in Beijing told the twenty-first Century business reporter.

The person reminded, "consumers should shine their eyes to prevent risks. If the amount of purchase prepaid card is larger, it is best to consult the business beforehand whether the item will be recorded in the business department. If it is put on record, all funds will be supervised in the designated bank account, and each quarter will be reconciled with the bank.

In fact, many regulatory departments are continuing to make efforts to rectify market chaos.

According to the twenty-first Century economic report reporter, in 2019, the Beijing municipal market supervision bureau will carry out the prepaid consumption regulation special action with the Beijing Municipal Bureau of Commerce. The organization launched the 5 batch of directional inspection and key inspection, issued 16 thousand warning letters to the prepaid operators, and 518 enterprises were listed in the abnormal list of operations.

The data show that in 2019, Beijing filed 170 cases for enterprises who deliberately delayed the refund and failed to file a record. They ordered 61 corrections and 311 yuan of fines. 4 cases of prepaid consumer crime were cracked, 9 suspects were arrested, and 295 serious discredit enterprises and 541 key personnel were blacklisted.

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