The Analysis Of The Regulation Of The Third Party Payment Of The People's Bank Of China

Since 1999 , China's third-party payment has gone through 17 years of development, and the third-party payment has become one of the most mature Internet financial sector industries which, as a basic services, are widely used in various industries. Since 2009, the development of the third party payment business kept average annual growth rate of more than 50%, and the trade size got to ? 17.2 trillion in 2013, up 38.71%from a year earlier. In 2014, it reached to ?23.3 trillion, and in 2015 more than ?30 trillion, specifically, ?31.2 trillion. In 2015, before March 26, over 270 third-party payment companies acquired business permits. Accompanied by a third party payment to vigorously develop at the same time, in information security and network system security problem, the risk of money laundering, industry monopoly, and legal compliance issues have become increasingly serious. And government regulation of third-party payment is a development course from scratch,for ten years, our country on the third party payment are in an age of "the anarchy", "the people's bank of China non-financial payment services management method" truly opened a government regulation issued by the third party payment. With the rapid expansion of the third-party payment in recent years, the bank and other relevant departments of the third-party payment regulation also are gradually getting better, in December 2015,the people's bank of China released the non-banking institutions network payment business management method ", such as the payment institution positioning, real-name payment account, the security and efficiency of payment, individual consumers' legal rights and interests protection made clear rules. At this point in our country for third-party payment finally have a special regulations.Although the regulation of the third-party payment industry in China has further improved, the problem, such as how to reasonably use of regulatory resources configuration, how to enhance the regulation efficiency, how to reasonably use of government functions, and how to adopt more legal and market, still exists. So as to gradually establish a government supervision, self-discipline, pay equal attention to both the regulatory system, a series of problems, is worth us to think and explore further.This article includes four parts. The first part illustrates the significance, the research and the research methods and purpose of this research by introducing the definition and development of the third-party payment process, then analysis illustrates the necessity of the people's bank of China on the supervision. The second part expounds the concept of supervision and regulation of third party payment development present situation and the existing problems in China; This section through the description of the regulation of the third,party payment development in our country, the paper analyze the existing legal regulation in China policy, the slow pace, insufficient Ming refinement, regulatory mode diversification, simple management, etc. The third part expounds the introduced concept of the supervision and management of local payment and architecture. This part respectively analyses the supervision model of several representative United States, the European Union, and Asian countries. The fourth part puts forward the central bank for third-party payment regulation problems solving ways and suggestions. In the wish of this article research, to contribute to construction supervision system in China, for the country's economic development power, the early realization of our Chinese nation great rejuvenation of the Chinese dream.