Research On The Market Supervision And Exit Mechanism Of Non-bank Payment Institutions

With the continuous development of e-commerce and the wide application of information technology in the payment field,the scale of non-bank payment institutions has grown and developed rapidly.In particular,emerging payment services such as Internet payment and mobile payment have sprung up,expanding the payment field.Innovation space.Non-bank payment institutions have become an indispensable part of China's payment system.It can reduce social transaction costs,meet the growing payment needs of emerging economies,and promote the healthy development of China's economy.However,with the increasingly fierce competition in the payment market,some small and medium-sized payment institutions have gradually exposed some problems,such as small market share,weak profits,lack of compliance awareness and risk prevention awareness,which seriously disrupted the non-bank payment market order.Therefore,in order to regulate the payment of market order and promote the orderly development of non-bank payment institutions,the central bank has continuously introduced a series of policies to strengthen supervision of the non-bank payment industry.Under the background of strong central bank supervision,it is inevitable that some non-bank payment institutions with poor management will withdraw from the market,but non-bank payment institutions ignore the protection of consumers' rights when they withdraw from the market,and there is no special law to provide non-bank payment.The institutional exit process,which leads to some problems in the market exit.Therefore,it is of great significance to improve the market exit system of non-bank payment institutions and establish a unified payment market exit mechanism,which is conducive to safeguarding the legitimate rights and interests of customers,stabilizing the financial market order,and promoting the healthy development of non-bank payment institutions.This paper mainly analyzes the industry basis of market supervision of non-bank payment institutions,points out the necessity of central bank to conduct market supervision and improve the market exit mechanism,and proposes some suggestions for the development of non-bank payment institutions.In an increasingly competitive environment,non-bank payment institutions must continue to innovate,maintain innovation and stimulate new profit growth points in order to achieve sustainable development.