Study On Legal System Perfection Of Third-party Payment Through Mobile Internet

The third-party payment through mobile internet, a perfect fusion ofhighly-developed mobile internet and rapidly-expanded third-party payment, not onlyrealizes the dream of “pocket payment”, but also remedies the limitation of traditionalthird-party payment, such as time-consuming, over-elaborated procedures, narrowcoverage, etc. It expends the market for the development of e-commerce, especiallysmall and micro payments, which activate the economy.Nowadays, as people increasingly depending on the mobile third-party payment,its importance is self-evident, while the legislation in China lags behind itsdevelopment. After developing in the recent years, the market of third-party paymentis shared by mobile internet Paypal Wallet, provided by the Alipay and Wechatpayment provided by the Tencent, while in the past the former payment throughinternet dominated this market.The lagging legislation cannot solve the new constantly-emerging problems, suchas double dipping, privacy protection, tax, the protection of consumer rights andinterests, illegal money transferring, risks of mobile process system, the compensationfor losses caused by mobile-phone loss, etc. Higher requirements are made to thelegal system of third-party payment though mobile internet. The current legal systemin china, defective and non-systematic with lower legislation level, cannot solve theproblems mentioned.In order to make the third-party payment operate smoothly and stably throughmobile internet, fully protecting the legal rights and interests of consumers, andpreventing possible risks, the legal systems of third-party payment through mobileinternet domestic and overseas are compared to obtain beneficial references. Theregulation subjects, objects and principles， together with participants legalresponsibility and relevant legal institutions， are determined mainly in legislation,next in administration and justice. Therefore, the legal rights and interests ofconsumer can be efficiently protected, which makes the third-party payment throughmobile internet constantly move forward.