信用卡透支利率上下限拟取消

Core Viewpoint - The People's Bank of China (PBOC) is seeking public opinion on amendments to the "Electronic Payment Guidelines (No. 1)" and other regulatory documents to enhance financial legal construction and improve the central bank's legal framework [2][3]. Group 1: Amendments to Electronic Payment Guidelines - The amendments include the removal of electronic payment transaction limits and the improvement of transaction dispute resolution regulations [3][4]. - Specific changes involve deleting previous transaction limits, such as the single transaction limit of 1,000 RMB and a daily cumulative limit of 5,000 RMB for individual customers [3][4]. - The guidelines were originally published in 2005, and the need for updates arises from the rapid development of the electronic payment industry, which has seen significant growth in transaction scale and complexity [4]. Group 2: Changes to Credit Card Regulations - The PBOC is also modifying the "Notice on Credit Card Business Matters," which includes the removal of upper and lower limits on credit card overdraft interest rates and certain disclosure requirements [5][6]. - The previous regulation set the upper limit for overdraft interest rates at 0.05% per day and the lower limit at 0.035% per day [5][6]. - The changes aim to provide more flexibility in pricing and allow issuing institutions to determine interest rates based on customer risk profiles, thus promoting consumer credit development [9][10]. Group 3: Expert Opinions - Analysts suggest that the original transaction limits were necessary due to the nascent state of electronic payments in 2005, aimed at ensuring security and orderly development of electronic banking and commerce [9]. - With the maturation of the credit card market and improved risk management systems, the previous regulations are seen as restrictive, hindering market vitality and innovation [10].