The barriers to entry for third-party payment companies to start M & A and war are rapidly being raised (VC319)

On September 5, Alipay announced the acquisition of Anka Payment. With the implementation of the second batch of third-party payment licenses, a number of licensed companies have begun to seize market opportunities, either acquisitions or alliances. The barriers to entry for third-party payments have also rapidly increased.

Industry status: The barriers to entry are being raised rapidly

At present, there are more than 400 domestic enterprises engaged in third-party payment. Among them, the number of companies applying for license payment publicized by the central bank has exceeded 140, and a total of 40 companies have obtained third-party payment licenses issued by the central bank.

The industry's barriers to entry are being raised rapidly. On the one hand, according to the regulations of the Central Bank, the minimum amount of registered capital for a nationwide payment business is 100 million yuan, and the minimum registered capital of a province intending to engage in payment business is 30 million yuan. About half of the registered capital of more than 400 payment companies nationwide does not meet this requirement.

On the other hand, the industry is staged "big fish eat small fish." Alipay announced on September 5 the acquisition of third-party payment service company Anka Payment, which was the first publicly disclosed M & A activity in the domestic third-party payment industry following the first batch of "Payment Business Licenses" issued by the Central Bank in May 2011. After the completion of this merger, Alipay and Anka payment business will be integrated. Some other companies are also preparing for acquisition plans. Kuaiqian CEO Guan Guoguang said that the target of the acquisition depends on the characteristics of the company, whether it is technology, risk management capabilities, or a unique product.

Development trend: the whole industry will have a pattern of division of labor

The issuance of licenses has also stimulated the change and development of the entire industrial chain. These third-party payment companies are extensively aligning partners of various parties. For example, the total number of financial institutions that have been aligned with Quick Money has reached more than 80, covering more than 300 banking interfaces.

Guan Guoguang believes that there will be a division of labor in the entire payment industry. For example, Kuaiqian launched the payment platform "Quick +", and launched two mobile payment products "mobile payment middleware" and "Quick Brush". Alipay launched barcode payment to provide low-cost payment services for small merchants.

"There are not many opportunities left for late entrants," Guan Guoguang said. "From 2005 to 2007, we did a lot of infrastructure work, such as the high civilianization of online banking, and a lot of infrastructure investment. Ten banks, this is very complicated. "

It is expected that after the three major telecom operators in China apply for payment licenses, more and more powerful large companies will also enter the field of mobile payment in the near field.

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