Third party payments will be a big development

The central bank today officially announced the management of payment services for non-financial institutions, stipulating that non-financial institutions should apply for a payment business license if they need to provide payment services. Guo, director of the Center for Banking Research at the Central University of Finance and Economics, told Sina Science and technology that the management approach was important and timely for the Third-party payment industry.

Guo said that the release of this approach is very important, because China's third-party payment development quickly, but also because of the rapid development of third-party payments so that online transactions have a better development, third-party payment is a traditional payment in the field of an important innovation, It is an important supplement to the traditional payment and the chinapay of the bank-represented net and China UnionPay. The volume of transactions paid by third parties is very large, and if regulatory agencies do not include them in regulation, they will bring financial risks and pitfalls to the country. It is very important and timely for the central bank to promulgate this method to regulate the industry.

Guo also said that the payment of treasure, fast money and other third-party payment enterprises also need the state has such a regulation of the industry to carry out a unified management, licensing, which will avoid the industry's business chaos and vicious competition.

When talking about the impact of this approach on China's economy, Guo said that the announcement of this approach also has great significance for the Chinese economy, because the current network consumption in China's total consumption of more and more, and China's future economic policy is to expand consumption, so the expansion of network consumption is undoubtedly an important growth point. The development of Internet payment is inseparable from the innovation and progress of the third party payment enterprise, so after standardizing the payment of the third party, the network transaction will radiate more vigor and promote the consumer's consumption demand.