According to the inquiry of Telecom Business Daily, Petal Payment is a payment institution under Huawei, and it obtained a payment license through the acquisition of Xunlian Zhifu Network Co., Ltd. (hereinafter referred to as "Xunlian Zhifu"). Xunlian Zhifu was first funded by ZTE Software Co., Ltd. and was established on June 20 13. On June 20 14, it obtained the payment business license of China People's Bank, and was allowed to carry out Internet payment and mobile payment business. 20 18, 1 June, Xunlian Zhifu changed its shareholders again and became the payment institution under Zheng Tongqi. Until 202 1, Xunlian Zhifu changed hands again, and Huawei became the sole shareholder, successfully completing the acquisition of Xunlian Zhifu. From June 5438 to October 2020 10, Huawei applied for the trademark of Petal Payment, and in June 2022, Petal Payment was approved for registration. June 5438+October 2023 10, China People's Bank agreed to change the name of Xunlian Zhifu Company to "Petal Payment (Shenzhen) Co., Ltd.". This is the process of obtaining a payment license for petal payment.