On July 10, the People's Bank of China released the administrative measures for bank card acquiring business which witnessed several rounds of opinions solicitation and meanwhile granted payment business license to 27 payment institutions, which were the seventh batch of payment license for non-financial institutions. So far, there are 250 payment institutions obtained licenses. In the 27 institutions announced, the first two wholly foreign owned payment companies obtained the license. But these two companies engaged in pre-paid card business