On the same day, Huawei responded to the media that it hopes to provide consumers with richer digital life services through this acquisition, and create a safer and more convenient full-scene smart experience for consumers.
On the one hand, the app app side of the funds clearing, the platform side of the money received and then distributed suspected "two clear". On the other hand, serving its own ecosystem, Huawei is self-research ecosystem, its application market AppGallery monthly active users exceeded 530 million.
March 29, technology giant Huawei recently wholly owned shares in the Shenzhen Xunlian Zhipai, take the third-party payment license, become a millet after another cell phone manufacturers with a payment license.
According to the central bank announcement, Xunlian ZhiPai has the qualification of Internet payment and cell phone payment business, and the payment license is valid until July 2024. Wang Guanrong, the legal representative of CyberLink, was the deputy director of the Payment and Settlement Department of the People's Bank of China head office, and the vice president of Shanghai Agricultural and Commercial Bank.
Huawei, the latest to take over CyberLink SmartPay, is the country's No. 1 cell phone maker.Huawei shipped 123.3 million smartphones in China in 2020, a 13% drop from the previous year's shipments, but it has been the top shipper since 2018 so far, according to Canalys data. Huawei smartphones are pre-installed with the Huawei Wallet App, and are therefore considered by the industry to be highly imaginative in the market. And before that, Huawei management has repeatedly declared that it will not apply for a payment license, and a company should have a sense of boundaries.
Previously, a number of analysts told the media that Huawei's acquisition of a payment license is not only aimed at the payment business, but also the Huawei wallet and the entire financial services ecosystem behind it. Huawei has a natural traffic entrance, and can use the payment service as a fulcrum to build a consumer finance business.
"Mainly App in-app payments, if the App app side for the funds clearing, suspected of 'two clearing'. Payment itself is not a problem, but the platform side receives the money and then distribute it is suspected of 'two clearing'." A senior payment industry insiders said, only to expand the financial business is not so fast profit, the general third-party payment and other organizations to survive quite difficult.
Another Shenzhen payment industry insiders said, Huawei payment business has considered a variety of options, including the lack of experience in financial services, has considered cooperation with third-party payment institutions to operate the payment business, but the final program is the acquisition of payment licenses after their own independent operation.
The so-called "two clear" is a kind of unlicensed payment business. The central bank in 2017 "on further strengthening the unlicensed operation of the payment business rectification work notice" will be "two clear" defined as the adoption of the platform docking or "big merchant" mode, the customer funds first transferred to the network platform, and then by the network platform settlement to the platform secondary The company's business is a very important part of the company's success.
Regulation has repeatedly emphasized since last year that finance is a licensed industry and must be licensed. Fan Yifei, deputy governor of the central bank, has said that the payment business is a financial business and must be licensed and regulated.
The entry of cell phone manufacturers into mobile payment began in 2016. That year, following Apple Pay and Samsung Pay, two domestic cell phone manufacturers, Huawei and Xiaomi, have released their mobile payment business in cooperation with China UnionPay and dozens of banks. Since then, Xiaomi, OPPO, VIVO three cell phone manufacturers are busy entering the financial, Huawei has been immobile.
The financial play of cell phone manufacturers, mostly through its cell phone pre-installed wallet class App, and financial institutions to cooperate. For example, VIVO, OPPO and other cell phone manufacturers financial relying on the built-in wallet App, the service contains loans, financial management, payment, insurance, etc., loan products initially with commercial banks, consumer finance cooperation Internet loans. The two have launched VIVO Pay or OPPO Pay service in 2019 in cooperation with UnionPay, focusing on full-featured NFC function, that is, no need to unlock the phone in the state of the resting screen to wake up the Pay function.
Huawei's financial business, most of which is focused on the B-side, has worked with financial institutions to engage in financial technology research and development, including participation in the central bank's digital currency. The expansion of its customers in the C end began at the end of 2018 in the cell phone pre-installed with its own uninstallable "Huawei Wallet" App. At present, Huawei has launched a co-branded credit card Huawei Card in the wallet App in cooperation with CITIC Bank, and cooperated with Lakala and Tonglian Payment on the line of "cell phone POS" mobile cash register. The company has also launched the "POS" mobile cash register product in cooperation with Lakala and Tonglian Payment.
At present, cell phone manufacturers, with a payment license for Huawei, millet. Xiaomi's financial license is more complete, and Xiaomi Finance was split from the group on the occasion of Xiaomi's listing in 2018. Xiaomi participated in the establishment of Xinnet Bank in the mainland and initiated the establishment of Tianxing Bank in Hong Kong, in addition to Xiaomi Insurance Brokerage, Xiaomi Consumer Finance, Xiaomi Small Loan, and Xiaomi Commercial Factoring, etc. In December 2020, Xiaomi and Beijing Financial Control, Jingdong Digital Technology, and Kuangshi Technology set up Park Road Credit, which is the second personal credit agency in China.In 2020, Xiaomi Finance reorganized itself into Tianxing Digital Technology, which is mainly focused on industrial Financial services, personal financial services, financial technology services and other three aspects.
"(Mobile phone manufacturers) to make a big cell phone ecology, or need a payment license." A senior industry insider said that the payment business is a natural source of big data, ants, Tencent and other financial technology business is still the core of the payment. The primary consideration of taking the payment license or compliance, followed by service to their own ecosystem.
The latest data released by Huawei shows that Huawei's newly developed self-research ecosystem under the app market AppGallery has gained 120,000 apps with HMS Core, and has 2.3 million registered developers globally, with the number of monthly active users (MAUs) exceeding 530 million.
Since last year, emerging e-commerce and live broadcasting platforms have set off a new round of competition for third-party licenses.
In November 2020, Crypto acquired E-Link Payments.
In January 2020, Poundland acquired PayPass.
However, some institutions have pointed out that the current Internet giants with third-party payment licenses include Ali, Tencent, Suning, Jingdong, Baidu, Sina, Meituan, Vipshop, and Pinduoduo. Although a number of Internet giants have obtained Internet payment licenses, online payment business is booming, but limited by the number of users and the use of the scene, can not yet be a large-scale promotion.
Mobile payment is still developing rapidly. Central Bank data show that in 2020, banks handled 123.220 billion mobile payment business, amounting to 432.16 trillion yuan, an increase of 21.48% and 24.50% year-on-year; non-bank payment institutions handled network payment business 827.297 billion, amounting to 294.56 trillion yuan, an increase of 14.90% and 17.88% year-on-year.
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