Ge Huayong, President of China UnionPay: We must pay close attention to studying and formulating the "Electronic Payment Law"

Chairman of China UnionPay Ge Huayong, deputy director of the Shanghai Central Bank of the Central Bank and president of the Shanghai Branch, and Jin Penghui, director of the Shanghai Branch of the State Administration of Foreign Exchange, proposed that in order to protect the legitimate rights and interests of consumers, it is necessary to pay close attention to research and development. Electronic payment method.

The two believe that at present, e-payments are developing rapidly in China, and the rights and obligations of the parties involved in the transactions are becoming increasingly complex. The disadvantages of e-payments are gradually emerging, which may affect the normative development and safe operation of the payment industry. In addition, consumers are currently facing Information leakage, funds theft and other risks.

China should supervise the parties involved in electronic payment and digital currency from the legislative level, and create a good environment for the development of related industries and lay a solid foundation.

IT Home Xiaobian understands that the regulatory documents that China's payment industry can currently comply with are the Bank Card Business Management Measures (1999) and the Measures for the Management of Payment Services for Non-financial Institutions. These documents have been developed in the electronic payment industry. Initially played a very good guide and normative effect, but at present it is unable to adapt to the needs of the rapid development of the industry.