TapTechNews October 1st news, due to the mobile payment platform not having the registration information of individual industrial and commercial households, it causes a complex and long process for individual industrial and commercial households to open merchant payment codes, seriously affecting the payment convenience for overseas people coming to China.
According to Xinhua News Agency, the State Administration for Market Regulation and the National Data Bureau jointly issued the 'Notice on Carrying out the Pilot of Opening Credit Regulatory Data to Platform Enterprises to Promote the Standard and Healthy Development of the Platform Economy' (hereinafter referred to as the 'Notice' by TapTechNews).
The 'Notice' proposes to carry out the pilot work of opening credit regulatory data to mobile payment platform enterprises in 8 cities such as Suzhou in Jiangsu, Hangzhou in Zhejiang, Jinan in Shandong, Wuhan in Hubei, Changsha in Hunan, Shenzhen in Guangdong, Chengdu in Sichuan, and Xi'an in Shaanxi.
According to statistics, the total number of individual industrial and commercial households in these 8 pilot cities accounts for about 9.3% of the national total. It is expected that this pilot can serve and cover more than 11 million individual industrial and commercial households.
The official pointed out that selecting 8 pilot cities to open credit regulatory data and supporting mobile payment platforms to verify the relevant information of individual industrial and commercial households, so as to facilitate the opening of online merchants and support credit card payment, which is conducive to broadening the customer acquisition channels of individual industrial and commercial households. For overseas people coming to China who are accustomed to credit card payment, it will further enhance their payment convenience.
The 'Notice' requires the market regulatory departments and data management departments of the pilot cities to strengthen cooperation, carry out data verification services in accordance with the principle of minimum necessity, and use the method of 'original data not leaving the domain and data available but not visible', and provide a reference for mobile payment platforms to check the credit risk of individual industrial and commercial households. Encourage the pilot cities to actively explore replicable and scalable experiences and timely promote them to the whole country.