China PayLink Group Holdings Limited is a listed smart payment and small and micro finance company (8325.HK) with a scarce license. The company has a national prepaid card license and internet payment license, has mastered industry-leading intelligent cloud POS technology and systems, built the best team and technology in the industry, cooperated with well-known strategic partners, and led the development of the industry. China Pay Connect's payment business will be based on the prepaid card business, vigorously develop Internet payments, mobile payments, O2O, etc., and serve C-side customers wholeheartedly to establish and manage a huge real-name account system. In the long run, it will build a comprehensive personal financial service platform based on this. The company's third-party payments industry has been booming in recent years, growing from $3 trillion in 2009 to about $23 trillion in 2014, with a CAGR of 50%. The third-party payment industry is generally divided into bank card billing, prepaid cards, and internet payments (including mobile payments. China Pay Connect has a national prepaid card license and an internet payment license, and strives to achieve full payment licenses. The prepayment business has the special advantages of “convenience, security, service, and interaction”, making it an irreplaceable payment tool in certain environments, such as citizen cards, medical and health cards, personal gift cards, business district membership cards, etc.; after combining advanced technical means such as Internet payments and mobile payments, it will become a powerful tool for undertaking business transformation and online and offline linkage (O2O). Currently, competition in China's third-party payment industry is fierce, and regulations are being strengthened. Beginning in 2011, the central bank began issuing third party payment licenses one after another, of which there were only 6 national prepaid card licenses. China Payment Connect insists on using an “integrated intelligent payment platform” as the main body, with B-side and C-side services being promoted on both wheels to create an ecosystem of “payment+account+data+financial services”, and ultimately realize value-added services for individual Internet microfinance machines. According to the company's current layout, it is expected to develop 100 million active users, 1 million merchants, and reach 100 billion dollars in annual payments within 5 years. China Payment Connect will establish an integrated O2O platform for the industry and merchants around smart payments. PayConnect's current business structure is divided into the following segments: vertical industry cooperation, intelligent merchant O2O, value-added services, and cross-border services.
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