The value of the third-party payment license is shrinking. Meanwhile, the PBOC increase the proportion of reserves gradually, and cut off the direct connection between third-party payment institutions and banks. In addition, a further opening of the payment market has nudged the standards of payment technology and risk management.

In recent years, as the regulatory policy has been adjusted and implemented step by step, China's payment industry compliance framework has been completed, and the era of the brutal growth of the payment industry has come to an end. Although the market is becoming more diversified, there has been a further tilt in the balance of wealth towards mature institutions. On the other hand, the continuous penetration of fin-tech into the payment industry has driven the innovation and development of payment methods, scene formats, and underlying systems.

Under strong government regulation, rapid market development, and new technology, how should payment enterprises find their positioning, highlight their core strengths, and provide differentiated and customized service?

The 13th Payment China 2019 will bring together more than 300 experts from: the government, associations, commercial banks, card associations, third-party payment companies, fourth-party payment companies, fin-tech companies, solution suppliers, payment equipment manufacturers and technology providers. Delegates will explore the latest payment industry environment, policies and innovations, in order to seek win-win cooperation which will finally push the China payment market to move in a healthy direction.

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