The Central Bank issued the "Measures for the Management of Reporting of Major Matters by Payment Institutions"
On July 23, the People's Bank of China website stated that in order to further regulate the reporting of major matters by non-bank payment institutions, the Central Bank has formulated The "Measures for the Management of Major Event Reporting by Non-Bank Payment Institutions" were also issued.
According to the method, information security incidents such as customer personal information leakage involve more than 5,000 customer information data or the number of customers exceeds 500 at one time; payment business interruption or functional failure due to emergencies, more than 2 If it affects more than 100,000 payment transactions per hour, or may cause major negative public opinion, the payment institution shall report it in a timely manner in accordance with the relevant regulations and requirements of the People's Bank of China.
The central bank released the total reserves of payment institutions in June
Recently, the People's Bank of China released the latest balance sheet of the monetary authority. Data show that as of June 2021, deposits (provisions) of non-financial institutions were 1.855936 billion yuan, an increase of 70.482 billion yuan from May.
Following February and April this year, the total amount of reserves exceeded 1.8 trillion for the third time. Judging from the total amount of reserves this year, it has also continued to remain around 1.8 trillion.
The Xiongan New Area Operations and Management Department of the People’s Bank of China was listed
On July 19, the Xiongan New Area Operations and Management Department of the People’s Bank of China (Xiongan New Area Branch of the State Administration of Foreign Exchange), China The Xiongan New District Center of the People's Bank of China Credit Information Center was officially established.
It will perform the functions of the central bank in Xiongan New Area, promote the reform of the comprehensive and functional financial regulatory system, and explore the establishment of a financial regulatory framework that complies with international rules.
Alipay issued an important notice. If you do not do so, you will not be able to import the items.
On July 20, Alipay issued the "Alipay Direct In-person Payment Merchant Admission Rules and Quota Adjustment Notice" to directly Even the conditions for merchants to pay face-to-face have been improved, and the quota has also been increased accordingly.
The "Notice" states that in accordance with regulatory requirements (Notice of the People's Bank of China on Issuing the "Payment and Settlement Compliance Supervision Data Interface Specification V1.0 (Trial)" (No. 198)), Alipay will directly The access rules and quotas for in-person payment merchants will also be adjusted as follows.
145 apps including Masha Finance and Dalian Bank were named
On July 19, the Ministry of Industry and Information Technology announced the "App Notice on Infringement of User Rights and Interests (2021 No. 6 batches, 15th batch in total)", 145 apps that infringed on user rights and interests were notified.
"An Yihua" of MaMa Consumer Finance, "Dalian Bank" of Dalian Bank, and "Jinshangzhijia" App of Jinzhou Bank were notified for illegal collection of personal information.
The Postal Savings Bank of China has canceled the credit card points of 19 acquirers
On July 16, the Postal Savings Bank of China issued the "Announcement on Adjusting the Credit Card Points Rules of the Postal Savings Bank of China". Transactions with the first three digits of the acquirer’s merchant code being 822, 823, 829, 831, 834, 836, 847, 848, 849, or 857 will no longer accumulate points.
Respectively represent the merchant codes of Lakala, Huifu, UMP, Yisheng Pay, Modern Pay, Suixipay, Zhongfu Pay, Qianbao Pay, Jialian Pay, and Guotong Xingyi. In addition, 89 new merchants that do not accumulate points have been added.
Aobi Zhongguang’s face-scanning business has suffered a serious decline
According to the prospectus, Aobi Zhongguang’s operating income in 2018, 2019 and 2020 were 209 million yuan and 209 million respectively. 596 million yuan and 258 million yuan. During the reporting period, the net profits of Aobi Zhongguang were -104 million yuan, -689 million yuan and -681 million yuan respectively. The net profits attributable to shareholders of the parent company after deducting non-recurring gains and losses were -90.7861 million yuan and 4.3127 million yuan respectively. million and -180 million yuan.
After Yuncong Technology’s IPO meeting, the Science and Technology Innovation Board raised 3.75 billion
On July 20, the Shanghai Stock Exchange announced the 48th review meeting of the Science and Technology Innovation Board Listing Committee in 2021 The results were announced and Yuncong Technology was approved for the first time. This is also the first artificial intelligence company among the four AI tigers (SenseTime, Yuncong, Yitu, and Megvii) to go public.
The prospectus shows that in each reporting period (2017, 2018, 2019, and the first half of 2020), Yuncong Technology’s net profits attributable to the owners of the parent company were -106 million yuan, -108 million yuan, -1.7 billion yuan and -286 million yuan. Among them, the main reason for the expansion of losses in 2019 was the implementation of equity incentives, and the recognition of share-based payment expenses of 1.302 billion yuan. In the past three and a half years, Yuncong Technology has suffered a net loss of 2.272 billion yuan attributable to its parent company.
The Institute of Digital Research established the "National Financial Industry Crypto Application Research Center"
On July 21, the National Financial Industry Crypto Application Research Center jointly established an agreement and signed the Shandong Block The results release of the Chain Research Institute was held in Jinan. At the meeting, the National Financial Industry Crypto Application Research Center was unveiled.
The National Financial Industry Cryptocurrency Application Research Center mainly conducts research on the innovative and secure applications of domestic cryptography technology in the national legal digital currency, and enhances the core role of cryptography technology in the operational security of the national legal digital currency and network information security. The guarantee capability and key role are jointly established by Tsinghua University, the Digital Currency Research Institute of the People's Bank of China, and the Jinan Municipal People's Government based on their respective advantages.
The vice president of JD.com will serve as the general manager of Pudao Credit Information
According to financial news, Cheng Jianbo, the former vice president of JD.com and general manager of the Personal Risk Management Center, will serve as the first general manager of Pudao Credit Information. job.
However, the list of the senior management team on Pudao Credit Information’s official website has not yet been updated, and the position of general manager is still shown to be concurrently held by Chairman Zhao Yihan. Prior to this, Zhao Yihan was the deputy director of the Credit Information Center of the People's Bank of China.
Privacy protection and security issues of digital renminbi
On July 16, the People's Bank of China released the "White Paper on the Research and Development Progress of Digital RMB in China" to clarify the People's Bank of China's progress in digital renminbi research and development. The basic stance on the digital renminbi system is to explain the research and development background, goal vision, design framework and related policy considerations of the digital renminbi system.
As for one of the issues that people are more concerned about, namely the privacy protection and security of digital renminbi, the "white paper" also provides relevant explanations.
Interpretation of the Payment Industry of the "Data Security Law"
With the rapid development of my country's economy, data security management presents a multi-dimensional, multi-field, multi-industry hybrid situation, with a single supervision Institutional supervision methods are difficult to meet the overall management of data security. Therefore, the issuance of the "Data Security Law" will promote the strengthening of data security management from the top design level and form a joint effort to strengthen my country's data security situation.
The following will provide an in-depth interpretation of the corresponding provisions of the "Data Security Law" and predict future regulatory trends based on the current status of the payment industry for readers' reference.
Shenzhen buses and subways support digital RMB payment
Recently, led by the Shenzhen Municipal Transportation Bureau, in conjunction with the People's Bank of China, Agricultural Bank of China, China Construction Bank and Shenzhen Tong Co., Ltd., the digital currency was officially launched. Pilot application of RMB in the field of green travel in public transportation.
In addition to Shenzhen, digital renminbi has been used in public transportation in many cities across the country, including Beijing Rail Transit, Chengdu Bus and Subway, Changsha Subway, Qingdao Subway, Suzhou Subway, and Shanghai Transportation card recharge, etc.
State Grid is piloting digital RMB payment in 9 regions
On July 19, “Dian e Bao” officially landed on the official digital RMB APP of the People’s Bank of China, completing the push to the central bank’s sub-wallet Opening up functions. After the sub-wallet push function is launched, users do not need to jump to the bank wallet interface when paying electricity bills online within the APP, and can directly complete the digital RMB electricity bill payment on the original interface.
At present, this business has been fully opened to 9 pilot areas within the State Grid Corporation’s operating area, including Xiongan New Area, Suzhou, Chengdu, Shanghai, Xi’an, Dalian, Changsha, Qingdao, and Winter Olympics scenes. .
ICBC signed digital renminbi cooperation agreements with 30 banks
Lu Zhongtao, chief technology officer of ICBC and deputy leader of the digital renminbi promotion and application working group, revealed that it has signed digital renminbi cooperation agreements with more than 30 commercial banks. Cooperation agreement to develop functions for customers to obtain and use digital renminbi in other banks.
In the future, ICBC will continue to explore new technologies to realize various new payment methods such as voice recognition payment and face-swiping sensorless payment, and accelerate the innovative application of digital RMB payment products.
The Bank of Shanghai App can open a digital RMB wallet
On July 22, the Bank of Shanghai announced the application guide for digital RMB on its official WeChat account. As the 2.5 layer in the digital RMB system, it mainly cooperates with designated operating institutions to expand scenarios and relies on the operating institutions’ digital RMB wallets to provide customers with financial services such as capital flow, payment and settlement.
Users only need three steps to activate digital renminbi on the Bank of Shanghai App.
South Korean payment giant Kakao Pay’s listing was blocked for the second time
On the afternoon of July 16, it was reported that Kakao Pay, South Korea’s largest online payment service company with 36 million users, was required by South Korean regulators to modify its The upcoming initial public offering (IPO) documents are the second time in recent weeks that authorities have intervened in a company's listing plan.
The company initially planned to issue 17 million new shares at a price of 63,000 to 96,000 won per share, which would give it a market value of more than $11 billion at the upper end of the range. Kakao is owned by Ant Group and originally planned to be listed on August 12.
India's Paytm submitted a listing prospectus
On July 15, India's largest e-wallet Paytm submitted a listing prospectus, taking a key step towards listing.
Paytm has been actively promoting the development of local inclusive finance and digital life in recent years, and has expanded into e-commerce, cloud services, and comprehensive financial services. As of March 2021, it has served 333 million registered users and 21 million merchants.