| With the vigorous implementation of the "The Belt and Road " policy and the improvement of my country’s per-capita disposable income,the demand for cross-border trade and services continues to grow,and it also drives the rapid development of my country’s third-party cross-border payment.According to the data analyzed by YIGUAN Analysys,the market size of third-party cross-border payment in my country will reach 914.2 billion yuan in 2020,and third-party cross-border payment has brought certain restrictions to supervision due to the particularity of third-party payment and cross-border payment.Difficulty,the existing supervision model is no longer suitable for the rapid development of third-party cross-border payment.Therefore,this article first discusses the necessity of cross-border payment supervision by third-party institutions,the definition of third-party cross-border payment,the operation process,the legal positioning and the legal relationship of various subjects in cross-border payment.Through the analysis of my country’s third-party cross-border payment supervision laws,it is found that there are problems in my country’s legal supervision,such as unscientific market access regulations,insufficient protection of consumer rights and interests,and weak anti-money laundering supervision.By comparing the third-party cross-border payment supervision experience in Europe and the United States,we have extracted advanced experience that can be used for reference in my country.Finally,in view of the existing problems in my country,suggestions are put forward to improve the supervision model,scientifically set market access regulations,strengthen international anti-money laundering supervision cooperation,etc.,and strive to make the supervision system more targeted,practical and effective for China’s third-party cross-border payment.effectiveness,and achieve the regulatory goals of preventing systemic risks and protecting consumers. |
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