The Research On Government Supervision Of Third-Party Payment In China

E-commerce in China has achieved unprecedented development with the rapid popularity of the Internet and continuous innovation of Internet technology since twenty-first Century.In the e-commerce model,the credit issue between buyers and sellers was a difficult problem for all parties.The third-party payment is a good way to solve the credit demand in e-commerce.Since the birth of the first third-party payment institution in 1999,the third-party payment has been developing rapidly in our country.In addition to the ever-increasing volume of business,its application scenarios have gradually expanded to different areas of online and offline.As one of the important modes of Internet finance,the third-party payment has already played a very important role in the payment system of our country.While the third-party payment continues to develop,the risks hidden in the transaction process are also gradually exposed.Therefore,the government must strengthen the supervision of the third party payment.Firstly,this paper summarizes the current situation of the government supervision of the third-party payment in our country from the perspective of government regulation.Secondly,it further analyzes the existing problems and causes in the process of third-party payment supervision.Finally,the paper tries to put forward some suggestions on improving the supervision of the third-party in China from the aspects of improving the legal system of the third party payment,promoting the multi coordination regulatory framework,strengthening the social credit system and improving the supervision technology of the regulatory agencies,etc.