Four companies failed to renew their contracts! The payment industry continues to shuffle.

Recently, the People's Bank of China updated the public information on the renewal of the "Payment Business License" for non-bank payment institutions. The announcement shows that a total of 17 institutions have successfully passed the review and renewed their licenses, with the validity period displayed as "valid indefinitely". However, the renewal applications of Shenzhen QuickPass Payment Co., Ltd., Oriental Electronic Payment Co., Ltd., Shandong Payment Network Service Development Co., Ltd., and Open Union Pay Service Co., Ltd. were rejected.