The payment industry is a tale of two extremes: large institutions are continuing to focus on their business, while smaller companies are constantly being pushed out.

In recent years, the top and middle players in the payment industry have accelerated their strategic layout to meet compliance and seize market opportunities, while small and medium-sized payment institutions at the tail end have faced market exits and elimination. According to the official website of the central bank, there have been recent exits of payment institutions from the market. By the end of May, the number of companies that have had their licenses canceled this year has increased to 6. In addition to license cancellations, there have been payment institutions voluntarily exiting relevant businesses. Recently, the central bank's official website showed that the central bank agreed to Beijing Gaohuitong Business Management Co., Ltd. reducing its business types, exiting the operation of Type II stored value accounts, and retaining the operation of Type I stored value accounts. The company later responded that it voluntarily canceled the qualification for prepaid card business in certain provinces where it has not actively expanded its business in recent years. Another major trend facing the payment industry is the further concentration of market share towards the top players, as large and medium-sized shareholders have been increasing their investments in their payment companies.