Exclusive: Regulators Target P2P Lenders’ Payment Service Providers

Financial regulators are tightening their grip on companies that provide payment and settlement services to peer-to-peer (P2P) lending platforms as the country’s ongoing crackdown on the industry continues.

Several local regulators, including in Beijing and Shanghai, have told some third-party payment companies to be more prudent about offering payment and settlement services to P2P lending companies, and in some cases to cease doing so, people familiar with the matter told Caixin.