An applicant for a payment business license shall meet the following conditions:
(a) a limited liability company or a joint stock limited company established in People's Republic of China (PRC) according to law, and it is a legal person's non-financial institution;
(2) Having the minimum registered capital meeting the requirements of these Measures;
(3) Having investors who meet the requirements of these Measures;
(4) Having five or more senior managers who are familiar with the payment business;
(5) Having anti-money laundering measures that meet the requirements;
(6) Having payment facilities that meet the requirements;
(7) Having a sound organizational structure, internal control system and risk management measures;
(8) Having business premises and safety measures that meet the requirements;
(9) The applicant and its senior management personnel have not been punished for using the payment business for illegal and criminal activities or handling the payment business for illegal and criminal activities in the last three years.