Legal Risks And Legal Regulations For Mobile Payments

In recent years,mobile payment has been increasing rapidly thanks to the development of mobile and mobile internet.It's indubitable that mobile payment has become a necessary especially to university students.According to a report latest released by Analysys,the transaction amount of Chinese third-party mobile payment market has reached 4.3914 trillion Yuan,and Quarter-on-Quarter growth is 26.39%.As an indispensable part of modern life,mobile payment provides important conditions for the distribution of various types of information,and plays an important role in improving the quality of people's life,work,education and entertainment.In addition,mobile payment provides new generation of industry.A strong mentoring and tool protection,both practical and strategic value.Historical experience has repeatedly shown that changes in technology and industry originated in the changes of how people behave and think.The emergence,rise and popularization of mobile Internet have provided a hotbed and nourishment for the budding and growth of mobile payment,and the prosperity of mobile payment has changed the way of activities such as communication and trade.New technologies change the production tools,and resource allocation changed along..Finally,relations of production,industrial structure could be influenced significantly.The impact of mobile payments on people's lifestyles and economic patterns is far more profound than any changes in payment in the past,as mobile payments have not only bring the changes in the way of paying,but for the very first time it has set free people from fixed time and space,relying on mobile devices and wireless Internet technology,so that people can handle all kinds of business,anytime,anywhere,to carry out economic activities,which have a significant impact on the supply of products and services.China's legislation in the field of mobile payment is still in its initial stage.Since 2004,various legislative bodies and government departments have issued a series of legal documents to regulate the mobile payment market.Especially in recent years,the People's Bank of China promulgated a number of sectoral regulatory documents,including the establishment of the real-name payment system,payment agency classification management,bank account classification management system.This has largely mitigated the regulation and supervision of legal risks in the field of mobile payment,and played an important role in protecting the market players,especially the legitimate rights and interests of users,and regulating the order of the mobile payment market.In addition,China's legislation on mobile payment is still at the preliminary stage,and has not formed systematic,specialization,full coverage,high Efficiency of the legal supervision system,resulting in the absence of the main regulatory body,the regulatory powers and responsibilities unclear,law enforcement confusion and some other issues.Therefore,it is necessary to pay more attention to the risks of mobile payment,especially the legal risks.We should study its development process and operation mechanism,analyze the subject and relationship in the mobile payment industry,and understand the crux of the problem.provide legal basis for the establishment and perfection of legislation on mobile payment,and protect personal rights and property rights of citizens and promote the Internet economy fast,efficient,healthy and sustainable development.