---
title: "The first payment institution exits this year as payment licenses continue to \"decrease\""
description: "The People's Bank of China recently updated the list of revoked licensed institutions, with Henan Jubao Payment Co., Ltd. having its payment license revoked, becoming the first payment institution to "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/274734359.md"
published_at: "2026-02-04T00:52:18.000Z"
---

# The first payment institution exits this year as payment licenses continue to "decrease"

> The People's Bank of China recently updated the list of revoked licensed institutions, with Henan Jubao Payment Co., Ltd. having its payment license revoked, becoming the first payment institution to exit the market in 2026. Currently, the number of third-party payment licenses has decreased to 162, with 109 licenses revoked, of which more than 80% are prepaid card business licenses. In 2025, the central bank revoked the licenses of 12 payment institutions

Recently, the official website of the People's Bank of China updated the list of revoked licensed institutions, and the payment license of Henan Jubao Payment Co., Ltd. has been revoked, making it the first payment institution to exit the market in 2026. As of February 2, the number of existing third-party payment licenses has significantly reduced to 162, with a total of 109 licenses revoked. Among the revoked payment licenses, those related to prepaid card businesses account for a large proportion, exceeding 80%. In the entire year of 2025, the central bank revoked the licenses of 12 payment institutions

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.