The Regulation On Single-use Commercial Prepaid Cards

Since the beginning of the flood,single-use commercial prepaid cards have long been treated as contracts.As long as the autonomy of the law is satisfied,the public power will not be intervened.Through the balance of interests,we can find that in the case of regulatory dislocation,the social risk is far greater than the freedom of contract.Even if the dog has not injured,it cannot be allowed to bring it into the crowd.With the developments,information between merchants and consumers is becoming more and more unfair.It is difficult for consumers to make calm choices.The principle of "customer attention" is no longer applicable.At this time,if the public power does not intervene,not only can the consumer not be protected,but the market itself will also shrink.The card issuer who provides the secondary service benefits,and the card issuer who provides the quality service withdraws due to the loss.Form a "lemon market".China's single-use commercial prepaid card has its particularity.Due to the idea of rectifying the discipline,China has continuously issued a document to suppress the issuance.The practice of squandering food has curbed the internal impulse of the market.Although it was changed in 2011,it still retains the characteristics of a government-controlled government.It is strictly forbidden for financial institutions to issue multi-purpose prepaid cards,resulting in single-use commercial prepaid cards becoming the floodgates for capital;on the other hand,the difficulty of financing private enterprises in China,the issuance of single-use commercial prepaid cards has become a means of financing in disguise,and its functions have changed.Against this background,the Ministry of Commerce's 42-section "Management Measures for Single-Use Commercial Prepaid Cards(Trial)" has no operational significance,leaving a gray area for supervision,and there is a need for more perfect legal regulations.