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Global Experience and the Development in China of Retail Payment System
Pages: 7-12
Year: Issue:  7
Journal: Xi'an Finance

Keyword:  internet financeretail paymentfinancial inclusion;
Abstract: In recent years, online payment, mobile payment and other emerging retail payment systems are developing fast, forming a racing pattern together with traditional retail payment system such as bank cards. It has played an important role in pushing the internet financial development, improving the financial service efficiency and promoting the financial inclusion. Based on the definition of the retail payment system, the paper studies the global experience of retail payment system, analyzes the present situation and problems of Chinese retail payment system and puts forward relevant policy suggestions.
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