# Tenpay

Stability in the Duopoly: China’s Central Bank Renews Payment Licenses for Alipay and Tenpay

The People's Bank of China has renewed the payment licenses for 17 major institutions, including Alipay and Tenpay, ensuring the operational continuity of the country's massive digital payment infrastructure. The central bank also suspended three smaller firms, signaling a continued effort to consolidate and strictly regulate the fintech sector.