On the Legal Supervision of the Third-party Payment
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Graphical Abstract
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Abstract
With the rapid expansion of Alipay and other third-party payment platforms, China is entering a " cashless society”. The third-party payment has many advantages, but the risks existing in it cannot be ignored. Based on foreign advanced legislation, this paper proposes to improve the legal supervision of the third-party payment in terms of the supervision system, market admittance and exiting mechanisms, and precipitation fund management.
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