The myriad problems that have followed the development of electronic payments in a few short years

Theft of cards, phishing, fraud, yellow-related and other miscellaneous issues, in the electronic payment development in a few short years ensued. Alipay, Fast Money, the first letter, pull card, such as third-party payment platform, and major banks, UnionPay, and even operators of several types of market players in the competition delicate game.

The lack of legislative legislation and regulatory gaps, so that the emerging industry in the chaos lurking in a lot of crisis. "China's electronic payment industry is a mixed bag, the development is not standardized, urgent need for relevant laws and regulations promulgated," Recently, the National Political Consultative Committee members, the Central University of Finance and Futures Institute director Qiang told reporters. Qiang submitted the proposal of standardizing and developing the electronic payment industry to this national political Consultative Conference.

China's electronic payment industry from the initial to solve the online payment bank card network common problems began, along with the development of information technology has rapidly become a business category covering online payment, telephone payment, prepaid card payment, electronic money distribution, centralized collection and payment, and many other emerging industries. In the absence of national credit and regulatory support, relying on commercial credit and product innovation, electronic payment has been the major banks of financial institutions, domestic and international well-known enterprises, as well as the majority of users generally recognized.

China's electronic payment service industry has not been produced for a long time, but the development is very fast. Since 2005, China's electronic payment industry for 4 consecutive years growth rate of more than 100%, 2009 volume amounted to 576.6 billion yuan.

According to the 2009 statistics of the People's Bank of China, China has a variety of electronic payment enterprises more than 300, the majority of these enterprises in Beijing, Shanghai, Guangdong and other economically developed areas, electronic payment organizations can not only the gateway interface for each bank to integrate, but also like the quick money proposed online payment and offline payment combined with " Big pay "mode, E-commerce enterprises as long as access to such an electronic payment organization, you can receive funds through a variety of channels to pay, simplified e-commerce in the most critical payment issues, greatly reducing the threshold of e-commerce entry, so that small and medium-sized E-commerce enterprises springing up in large numbers. More crucially, with the help of the electronic payment services provided by banks and third-party payment organizations, can make funds in the consumer, logistics links, businesses, manufacturers, banks smooth flow, accelerate the mobility of social funds, so as to attract social forces into the domestic development, to achieve positive job creation and continue to stimulate consumption growth virtuous circle.

To this, the fast Money company CEO Guoguang said, Macroscopical, the national economy high speed growth needs to have the high efficiency capital circulation system as the support, thus impels the third party payment company to unceasingly with the innovative payment plan to satisfy the continuously expands the market demand, creates the modernized financial service system, To enhance the financial efficiency of China's economy and contribute to its expertise.

However, due to the lack of clear policy supervision, which led to the industry for what can be done, what can not be done, has not been clearly defined, which let the private enterprises into the industry on thin ice.

"According to Taobao's current trading process, from payment to confirmation of arrival payments, there are nearly a week in the process, resulting in a large amount of money in the process is the backlog, now is the country has not started to clean up this part of the funds, once the regulation, it is difficult to ensure that no problems," an industry personage to the "China Business newspaper reporter said.

Moreover, regarding the qualification of the business entity, the central bank now adopts the filing system and has not issued a license for the third party electronic payment enterprise.

"The next step is for the central bank to issue a licence to a fast-growing third-party payment platform," Ouyang, director of the bank's pay and clearing division, said at the China Online Banking conference in December 2009.

Including the recent speculation of China Mobile's shares in the Pudong Development Bank, many analysts believe that China Mobile itself does not operate the main financial business qualification, but had to via, in order to more justifiably carry out the relevant mobile payment business.

And Qiang hope that the relevant departments to improve the relevant legislation as soon as possible, increase supervision, strengthen guidance, to prevent the electronic payment enterprises disorderly development and the risk of illegal operation.

In his proposal, he made four recommendations, "The key point is to introduce the specific policies to support the development of electronic payment service industry as soon as possible, and to realize the agglomeration and synergy of regional e-commerce industry resources by base mode," Qiang said, "and strengthen the construction of electronic Payment information security environment, perfect relevant laws and regulations, strengthen supervision and guide To prevent the disorderly development of electronic payment enterprises and the risks caused by illegal operation. At the same time, we should strengthen the fund risk management of electronic payment companies, eliminate illegal acts such as credit card, and prevent the conductive risk of electronic payment.