The Visual Flood From The Third Party Payment Companies Into The Fund Affiliation

Online, March 4, 2012 (Newswire.com) - The second quarter expects bulk of Payment License, when there will be at least three or more agencies which enter the field of fund sales

After third-party sales license of fund is issued, another third-party --- third-party of payment companies --- will also flow into fund sales field in large-scale.

Yesterday, the person close to the regulatory authorities south told reporters, a batch different from the previous one, the third-party payment license of fund is expected to be distributed bulk in the second quarter ,and at least three or more third-party payment agencies is expected to acquire Fund Sales Qualification. At present, only CHINAPNR, UNIONPAY, ALLINPAY, three third-party payment companies are allowed to process fund sales.

The person in charge of a third-party sales organization who has gained a fund distribution license told to the SMW Reporter: If the Fund's independent sales agents still rely on bank card for the balance sheet, it will be a conflict of interest with the Bank's current distribution channels, however the collaboration with the third-party payment agencies will link in the online sale of funds to avoid this predicament. Therefore, the third-party fund sales institutions and third-party payment agencies cooperate with each other easily.

Fund Payment License Expected to a Bulk of Distribution

Perhaps not very long, the investors can buy funds at home, as easy as buying clothes on Taobao.

Recently, the CSRC (China Securities Regulatory Commission) resent to the four institutions of the 'the ratification to approved fund sales qualifications', but licensed online payment gateway provider evaluated "the future is bright, the road twists and turns". Resistances placed in front of the sales agents are still around not be able to steer clear of the shackles of the bank.

The sales agency from a licensed online payment solutions provider told reporters that they are discussing with banks on co-operation. "We are entered into collaboration with joint-stock banks, but truly the transfer of funds submitted to the Commission approved." The source told reporters. The agency has received a fund distribution license, to build a real fund supermarket, you need to open up the side (fund companies) and sources of funds (bank) the two channels. Keep bank-by-family negotiations, their cost is high; the bank in a strong position to completely solve the problem of funding sources must rely on third-party payment agencies. "The person in charge admitted.

Third-party fund sales organization "East wind" is not far away. Currently only GlobeBill CHINAPNR, UNIONPAY, ALLINPAY are allowed to carry out online fund sales payment and settlement services. According to the diagnose between people closing to the regulatory authorities and the SMW Reporter, the license of the fund third-party payment is expected to be distributed in the second quarter, and at least three or more third-party payment agencies will get the qualification.

Third-party Payment Glued to the "Gold Mine" of Fund Consignment

Third-party payment agencies of the central bank issued a license; the industry's giant pays great desire to that "Gold Ore". Zhou Ye, President of the CHINAPNR once outspoken that although the biggest online payment company can process transactions volume of hundreds of billions, the fund industry can bring an annual market of 3 trillion fund and no doubt in the next two years will replace the airline industry, and become the largest third-party payment market.

However, a man from the third-party payment agencies told reporters that, unlike other online payment services, financial products have a certain cognitive threshold. Placed in front of third-party payment agencies are two options, one is to create a professional fund direct marketing platform; the other is the background to focus on sales agents pay.

The person admits that, compare to the first choice, the possibility of accomplishing the latter in a short period of time is higher. "We contact with the third-party financial institutions very early, including a HOWBUY, NOAH, and cooperation is only a matter of time and license."

"At present, the domestic fund industry manages an assets of nearly 3 trillion Yuan, however the direct marketing ratio accounts only about 10%, even the proportion of e-commerce accounts only 5%." A director of marketing from large fund companies, told reporters that the introduction of third-party payment to the fund sales have a great possibility to change the situation of a single large bank.

It may be difficult for the third-party sales (own power) agents to shake the position of the bank's main distribution channels, but the involvement of third-party payment agencies allow these institutions to bypass the bank's resistance directly to resolve cash flow problems. This may make a rapidly increase in market share for independent third party distribution agents. "Another payment industry is expected over the next three years, funds online direct sales will usher in a rapid development, the proportion will be from the current 5% to 30%.