Research On Legal Issues Of Mobile Payment Supervision

Compared with some foreign countries,China’s mobile payment industry started relatively late.However thanks to the policy promotion and its own prominent advantages in payment efficiency and financial inclusion,it has a fast development speed,huge market space and broad development prospect.Therefore,many institutional entities have rushed to the mobile payment industry,and been continuing to integrate with technological innovation,promoting the rapid expansion of the types and number of mobile payment application scenarios,increasing the complexity of the mobile payment industry.On the positive side,the rapid development of mobile payment in China,the continuous improvement of convenience and the continuous enrichment of application scenarios have greatly improved the payment environment in China,benefiting the country and the people.But from the negative side,the current development of the mobile payment industry is not regulated enough.The judicial cases highlight that the parties involved in mobile payment are facing different legal difficulties,and the regulatory system of the industry is not yet perfect.The responsibilities of the supervision departments are not clearly defined,and the supervision practice faces many restrictions,because of which the supervision effect needs to be further promoted.In order to further enhance the effect of China’s mobile payment regulation,effectively prevent the risks related to mobile payment,and promote the standardized development of the mobile payment industry,the paper proposes policy recommendations form the perspectives of China’s mobile payment regulations,regulatory agencies and regulatory practices,hoping to provide useful reference for the gradual improvement of China’s mobile payment regulation.