The payment industry has two sides: large institutions continue to focus on business, while smaller companies are constantly being eliminated.

The payment company Lakara, which has just announced plans to go public in Hong Kong, surged to the daily limit on June 17th, closing with a 16.16% increase. Since hitting a low point in April, the A-share listed company, which focuses on digital payment services, has accumulated a nearly 130% increase. The payment industry in which Lakara operates has been experiencing accelerated consolidation and restructuring in recent years. Recently, another payment institution received regulatory approval, with plans to reduce business types and exit the pre-paid card related business. At the end of May this year, central bank information showed that the payment license of Shanghai Runtong Industrial Investment Co., Ltd. was revoked, bringing the total number of payment companies that were revoked during the year to 6. Industry analysts say that as a financial and business infrastructure, it is inevitable for the payment industry to raise the threshold for practitioners. Looking at the changes in the industry over the past year, consolidation is becoming a trend, and leading payment institutions are focusing more on their core businesses.