This article is reproduced from Brokerage China
The competition is getting fiercer, and the mobile payment track welcomes another "heavy player"!
The news that Huawei obtained a third-party payment license was confirmed. On March 25, Tianyan Check showed that Shenzhen Xunlian Zhipay Network Co., Ltd. (hereinafter referred to as "Xunlian Zhipay") has undergone industrial and commercial changes, and Huawei Technologies Co., Ltd. became the wholly-owned controlling shareholder of Xunlian Zhipay. Shanghai Wo Rui Ou Information Technology Co., Ltd. (hereinafter referred to as "Vorio") withdrew from the list of shareholders.
Huawei, which seemed to have no interest in payment licenses before, finally decided to enter this market, which is currently occupied by Alipay and WeChat Pay with more than 90%. After obtaining this payment license, Huawei can then further deploy Internet payment and mobile phone payment services.
Since 2020, Internet companies such as Pinduoduo, ByteDance, and Kuaishou have obtained payment licenses through acquisitions and other methods to deploy the payment market. Although Alipay and WeChat Pay currently occupy an absolute share advantage in the mobile payment field, as other Internet leading companies enter the market, competition in the payment field may further intensify.
Huawei acquires Xunlian Zhipay and wins payment license
In February, some media reported that Huawei acquired Xunlian Zhipay to obtain a payment license. A few days ago, this news was confirmed with the announcement of Xunlian Zhipay's business change information. After completing the change, Huawei officially became the wholly-owned controlling shareholder of Xunlian Zhifu, and the original shareholder Voorio officially withdrew.
Public information shows that Xunlian Zhipay was established in June 2013 with a registered capital of 200 million yuan and the legal representative is Wang Guanrong. The company's business scope includes electronic payment, Internet payment, computer technology services, database and computer network services, online data processing and transaction business, information service business, etc.
Xunlian Zhipay obtained a third-party payment license issued by the Central Bank in July 2014. The scope of business licenses includes Internet payment and mobile phone payment.
"True fragrance warning"? Has said that it will not enter the payment field
It is worth mentioning that Huawei has previously stated publicly that it will not apply for a payment license.
In 2016, Su Jie, then president of Huawei's cloud service department, said that companies must have their own boundary awareness. At the same time, he clearly pointed out that payment services are not a business that Huawei is good at. Based on technology, Huawei will provide the most secure underlying solutions for the entire payment industry.
However, in 2020, Internet companies such as Pinduoduo, ByteDance, and Kuaishou have obtained payment licenses through acquisitions and other methods, and Huawei finally made a move in the context of laying out the payment market.
Prior to this, Xiaomi, also a mobile phone manufacturer, entered the mobile payment field early, incorporated payment licenses under its command, and gradually formed its own financial ecology. Up to now, Xiaomi has completed the layout of financial ecosystems such as online microfinance, consumer finance, Internet banking, financing guarantees, and insurance brokerage, and has obtained multiple financial licenses.
Owning a payment license and owning payment tools has at least a few major advantages: transaction data is confidential and not external, like Alipay and Tenpay, which have formed a large amount of transaction data; can save transaction fees; independent account system and User data.
Internet giants are deploying one after another, third-party payment competition intensifies
Since last year, a number of Internet leading companies have accelerated their deployment in the third-party payment field, and have respectively obtained their own payment licenses.
In January 2020, Pinduoduo obtained a payment license through indirect acquisition; in August of the same year, ByteDance completed the merger and acquisition of Hezhong Yibao through an affiliated company, obtained an Internet payment license, and successively applied for "Tik Tok". "Pay" and "Byte Pay" and other trademarks; in November last year, Kuaishou, also a short video platform, was also reported to have obtained a payment license indirectly through the acquisition of a licensed payment institution Yilian Pay.
However, in the field of mobile payment, Alipay and WeChat Pay are still the absolute dominance of this market. According to data released by iResearch Consulting, the top two third-party mobile payment business transactions in 2019 are Alipay and Tenpay, accounting for 54.4% and 39.4% of the total market, which means Alipay and WeChat Pay The current market share totals more than 93.80%, which has an absolute market advantage.