What do you mean by credit license and payment license?

Credit license is a business license that has the right to issue credit reports to individuals.

Payment license is a payment business license.

Payment business license is to strengthen the management of non-financial institutions engaged in payment business, which was put forward in the Measures for the Administration of Payment Services of Non-financial Institutions formulated by the People's Bank of China according to the People's Republic of China (PRC) Payment Law and the China People's Bank Law. It will come into force on September 20 10, 65438.