Experts say the regulation has little impact on consumers'experience of quick payment.However, it is not excluded that the fees for repaying credit cards or making withdrawals through third-party payment channels will increase in the future.
Central Bank: Revocation of Customer Reserve Accounts of Third Party Institutions
According to the Notice of Reserve Fund, if the reserve bank or liquidation institution finds abnormal customer reserve fund, it shall promptly urge the payment institution to correct it and report to the branch of the People's Bank of China where the payment institution is located.
Industry insiders said this meant that the central bank would take over the "huge sum". In view of the third party payment platform, the balance of Alipay or WeChat payment is only in the account of the third party payment platform. Industry insiders said that according to the previous regulations of the Central Bank, the third-party platform for the money can be deposited in the bank to generate interest, or the third-party payment platform can use the money to purchase funds, and these interests and fund returns normally range from 3% to 4%, because the base is relatively large, it can be said to lie down every day to earn millions of income. 。
According to reports, after the implementation of the new regulations, after the withdrawal of the reserve account paid by the third party, user funds will enter the central bank directly through the third-party payment institutions and be taken over by the central bank. At that time, the user's money will not remain on the third-party payment platform. It improves the security of funds and effectively prevents third-party payment institutions from running away.
It can eliminate hidden dangers and improve the security of funds.
Li Wanfu, a financial analyst at Rong360 Data Research Institute, told the Yangtze Evening News in an interview that the customer reserve fund is a huge pool of funds for payment institutions, and the single bank interest is a huge income for payment institutions. After centralized collection of funds, it will not be able to obtain precipitated profits. It will face the double dilemma of reduced profits and weakened bargaining power with banks. It is necessary to re-examine its business model and profit margin.
How does this rule affect users? Industry insiders said that the standardized management of the central bank can remove the potential safety hazards of users and improve the security of funds. For regulation, avoid money laundering and transfer of funds, the flow of funds is more clear.
Li Wanfu believes that this regulation has little impact on consumers'experience of quick payment, but it will weaken the bargaining power between third-party payment institutions and banks, which will lead to higher cost of bank channels. Therefore, it is not excluded that the fees for repaying credit cards or withdrawing cash through third-party payment channels will rise in the future.
At the same time, industry insiders believe that the cancellation of customer reserve will mean that the value of the network financial licence will shrink. Small and medium-sized Payment institutions will face the risk of shuffling.