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The original La Carla is frequently blacklisted by banks: performance begins to decline and usury disputes continue

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Recently, La Cala released its 2020 performance report. The data shows that the company achieved both revenue and profit growth. The total annual revenue was 5.562 billion yuan, a year-on-year increase of 13.53%. The net profit attributable to shareholders of listed companies was 931 million yuan, a year-on-year increase of 15.43%. 15%, the cumulative number of service merchants exceeds 25 million.

If we only look at the information disclosed in the financial report, La Cala’s performance in 2020 is impressive, but in fact, from the perspective of revenue growth and profit growth, La Cala’s performance is not stable. This is based on La Cala’s performance in the past three years. Performance can be verified.

In 2018, La Cala’s revenue growth rate was 204%; in 2019, it was -14%; in 2020, it was 13.53%. At the level of net profit, La Cala’s net profit attributable to the parent increased by 27.4% in 2018; 35.56% in 2019; 15.43% in 2020, and profit growth has declined.

On the whole, the current La Cala is experiencing a slowdown in performance growth, the market reputation has declined due to repeated penalties by the regulatory authorities, frequent changes in business operations, and there are problems such as ambiguous relationship installment platforms falling into loan sharks.

In addition, in the third-party complaint platform Black Cat complaints, the financial value-added business “easy installment” spun off by Lakala has been complained many times.

While the malicious recommendation of various routine loans was criticized by consumers, Yi installment was also complained by consumers about the problem of violent collection.

The complainant stated that in December 2020, he borrowed 8,900 yuan from the Easy Installment platform, and after the bill came out, he would have to repay 1,3557.6 yuan and also 897.90 yuan as a security deposit, and the interest was beyond the national scope. And every time the repayment time is not up, I continue to call myself and my family members.

It is worth noting that Lakala does not admit that the company has any relationship with Easy Instalment. It has stated in public response that Easy Instalment is a product operated by the Koala Jinke Holding Company, a subsidiary of Tibet Koala Technology Development Co., Ltd. Cara is an independent company.

Interestingly, in La Cala’s 2020 announcement, Koala Jinke has become a related party of the company.

In addition, it is worth noting that there are reports that many banks will pull Carrara black. Earlier, there was a report that Hua Xia Bank adjusted the credit card scoring rules to “block” 19 third-party payment companies, including Lakala Payment, and that transactions handled by these payment companies would no longer accumulate points. Hua Xia Bank also stated that “payment institutions that do not accumulate points will be updated from time to time.”

In response to this, Lakala responded that the relevant regulations of the competent department are legal and compliant to carry out POS machine business. We have always strictly investigated the behavior of illegal operations under the name of Lakala.

Prior to this, Lakala Payment has been blacklisted by Minsheng, Guangfa, and China Everbright Bank.

In June, Minsheng Bank issued an announcement stating that starting from August 1, 2020, credit card points accumulation rules will be adjusted. Some of the transactions accepted by third-party payment companies will no longer accumulate points. The top three codes of Lakala Payment “822” is on the blacklist.

Subsequently, China Guangfa Bank also issued an announcement that starting from August 2, 2020, in order to ensure the safety of customers’ card use and encourage standardized card use, Guangfa will add a new list of merchants that do not accumulate points, and Lakala Payment will also be listed.

In September, the Everbright Bank Credit Card Center issued the “Announcement on Merchants Not Accumulating Points for Everbright Bank Credit Cards”. Some third-party payment companies will no longer accumulate points for transactions handled by third-party payment companies. Another bank blacklisted Lakala Payment.

In recent years, some cardholders have cashed out through third-party payment transactions and used lower-rate POS machines to brush high points. From this, “wool” arbitrage and other behaviors have been repeatedly prohibited, so banks have resorted to blacklisting and other means.

Relevant data shows that as of the end of 2020, there are 233 third-party payment companies in my country, mainly in the small, medium and micro acquiring market. Due to the large number of market participants, the small, medium and micro acquiring market is already highly competitive.

In addition to third-party payment companies, many Internet giants have begun to turn their attention to this market. WeChat’s Oasis Action and Alipay’s Blue Ocean Action both cultivate and support local service providers and expand small and micro merchants. Meituan is also entering the market through acquisitions. In the past, La Kala could benefit from the increase in industry concentration by virtue of its leading advantages, but now with the Internet giants coming to disrupt the situation, La Kala’s life is becoming more and more sad.

It is worth noting that, in order to consolidate the status of offline acquiring business, Alipay will extend the free withdrawal service of “receiving code” to merchants for another 3 years, until March 31, 2024, and the withdrawal is free, and there is no single upper limit and The single-day cap, which may have an impact on La Cala’s future growth.

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