A few days ago, a friend sent me a WeChat article called: “Urgent Yiwu Urgency”, and then asked me a question: “Brother, can this thing be used?” ”
My first reaction was that we didn’t have a proper channel to check these things in Europe. Later, when I thought about it, I could try it from multiple channels and angles.
First of all, I checked the company’s situation in China, starting with the registered trademark, the Paytend trademark belongs to a domestic technology company.
Secondly, I checked the official website of the People’s Bank of China again, and this company does not have the qualification to pay for third-party payment. Therefore, it is determined that Jucaitong Company is a technical service company. In order to verify my judgment, I went to the company’s website and then went to the official website of the People’s Bank of China for a second check, and there was no information about the company.
Again, I went to the SWIFT official website to check, and SWIFT CODE found the business entity information related to Paytend.
Finally, the conclusion was drawn: Paytend may be a legal banking institution established by the Chinese in Vilnius, the capital of Lithuania. This bank has legal qualifications and procedures, but it is small. Because according to the European Banking Association, the market share of this bank is 0.03%.
In addition, opening an EMI in Lithuania may be easier than opening a company in Shunyi. The registered capital of opening a financial service institution in Lithuania is only 350,000 euros, and the strength is not necessarily as strong as that of Shunyi Village Bank. Specifically, you can read it, https://zhuanlan.zhihu.com/p/257823738
This kind of company can run away in minutes, even if it doesn’t run away, it won’t give you money, if you have the ability to sue, you don’t know how to buy a plane ticket.
However, it has to be admitted that the registration and opening of such overseas business entities is innovative, which greatly stimulates the vitality of society. As for whether Paytend can be used, it mainly depends on the needs and risk appetite of the bosses.