# Policy and regulatory basis

Announcement of the People's Bank of China on the Administrative Measures for Bank Card Acquiring Business2013No. 9 Number

Article 3 The term "acquiring institutions" as mentioned in these Measures includes banking financial institutions engaged in the acquiring business of bank cards. A payment institution licensed to collect bills for cards and to provide card processing and funds settlement services for entity-sponsored merchants, as well as a payment institution licenseed to conduct online payments and to provide bank processing and funding settlement service for network-sponsored traders.

Administrative Measures for the Recordation of Outsourcing Service Institutions for Acquiring Contracts (for Trial Implementation)2020119 Number

Article 7 The outsourcing institution shall, prior to or after engaging in the outsourcing business, 30 Outsourcing Server through Association Acquisition within 2 working days The filing system shall directly apply to the SAC for filing, and the starting time for engaging in outsourcing business shall be the first cooperation between the outsourcing institutions receiving orders in advance Or the time of signing the agreement.

Order of the People's Bank of China2024No. 4 (Detailed Rules for the Implementation of the Regulation on the Supervision and Administration of Non-Bank Payment Institutions)

Article 55 (3) The acquisition of bank cards as prescribed in the original Measures for the Administration of Payment Services by Non-financial Institutions shall be classified as payment transaction processingThe geographical scope of business remains unchanged. The business type registered in the payment business license shall be adjusted to payment transaction processingCategory (geographic scope of business).