Author(s)

Linjie Bi ¹

Affiliation(s)

¹ Xi'an Peihua University, Xi'an, Shaanxi, 710125, China

Corresponding Author

Linjie Bi

ABSTRACT

The rise of the internet finance industry is an inevitable result of the economic development in the information age. The rapid rise of Internet finance has gradually become an important pillar force of the financial industry because of financial finance, investment and payment realized by Internet finance, and other financial services promoted by Internet finance. In recent years, third-party payment has gradually become an important part of the internet finance industry with its unique advantages. As a new payment method, the booming development of third-party payment has not only added new impetus to the social and economic development, but also brought a series of legal risks. Although China's legal supervision of it is constantly advancing, there are still shortcomings. Therefore, this article analyzes the problems existing in the legal supervision system of third-party payment, and proposes relevant suggestions for China to improve its supervision, in order to promote the healthy development of China's third-party payment industry in the future.

KEYWORDS

Internet era, third-party payment, legal supervision system, institutional analysis

CITE THIS PAPER

Linjie Bi, The Analysis of Legal Supervision System for Third-party Payment in the Internet Era. Financial Engineering and Risk Management (2023) Vol. 6: 105-109. DOI: http://dx.doi.org/10.23977/ferm.2023.060315.

REFERENCES

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