# Policy and Regulation Basis

Article 35 of the Publication Administration Regulations

Measures for the Administration of Single-Use Commercial Prepaid Cards (for Trial Implementation)

Article 7 The card issuing enterprise shall, within 30 days from the date of carrying out the single-purpose card business, go through the recordation formalities in accordance with the following provisions:

(i) Group card issuing enterprises and brand card issuing enterprises shall be put on record with the competent commerce department of the people's government of the province, autonomous region or municipality directly under the Central Government at the place of industrial and commercial registration

(ii) A large-scale card issuing enterprise shall be put on record with the competent commerce department of the people's government of the districted city at the place of industrial and commercial registration

(III) Other card-issuing enterprises shall be put on record with the competent commerce department of the people's government of the county (city, district) where their industrial and commercial registration is registered.

Measures for the Administration of Payment Services of Non-financial Institutions

Article 2 For the purpose of these Measures, "payment services by non-financial institutions" means that non-financial institutions provide some or all of the following monetary fund transfer services as intermediaries between payees and payers:

(1) Online payment

(2) Issuance and acceptance of prepaid cards

(3) Bank Card Acquisition

(4) Other payment services as determined by the People's Bank of China.

The term "prepaid cards" as mentioned in these Measures refers to the prepaid value of goods or services purchased outside the issuing institutions issued for profit purposes, including prepaid cards issued in the form of cards, passwords and other forms using magnetic stripe, chip and other technologies.

Article 3 Non-financial institutions that provide payment services shall obtain the Payment Business License in accordance with the provisions of these Measures and become payment institutions.

Measures for the Administration of Prepaid Card Business of Payment Institutions

Article 2 These Measures shall apply to payment institutions engaging in prepaid card business within the territory of the People's Republic of China.

The term "payment institutions" as mentioned in these Measures refers to the card issuing institutions that have obtained the Payment Business License and are approved to handle the business of "issuance and acceptance of prepaid cards" and the acceptance institutions that are approved to handle the business of "acceptance of prepaid cards."

The term "prepaid cards" as mentioned in these Measures refers to the prepaid value of goods or services issued by card issuers in specific carriers and forms that can be purchased outside the card issuers.

# Examples of Qualifications

点击咨询小助手