Alipay, Tenpay, and 17 other institution payment licenses successfully renewed, while renewal applications of 3 payment institutions were suspended.

Alipay, Tenpay, and 17 other institution payment licenses successfully renewed, while renewal applications of 3 payment institutions were suspended.07/08/2026Alipay, Tenpay, UnionPay Commerce and other large third-party payment institutions have successfully renewed their payment licenses. On April 30, the People's Bank of China announced the renewal of the "Payment Business License" for non-bank payment institutions, including Alipay Payment Technology Co., Ltd., UnionPay Commerce Payment Co., Ltd., Tonglian Payment Network Service Co., Ltd., Kuaiqian Payment Clearing Information Co., Ltd., Shanghai Huifu Payment Co., Ltd., Shanghai Shengfutong Electronic Payment Service Co., Ltd., Pingan Fu Electronic Payment Co., Ltd., Shanghai Fufee Payment Service Co., Ltd., Beijing Qiandai Bao Payment Technology Co., Ltd., Yufu Payment Co., Ltd., Netbank Payment Technology Co., Ltd., Lakala Payment Co., Ltd., Yisheng Payment Co., Ltd., Xinsheng Payment Co., Ltd., Tenpay Payment Technology Co., Ltd., Yinsheng Payment Service Co., Ltd., and Shanghai Huanxun Payment Co., Ltd., a total of 17 institutions have renewed their "Payment Business License". At the same time, renewal applications for 3 payment institutions have been suspended, and the renewal application for 1 payment institution has not been accepted.