Core Viewpoint - The rapid development and widespread application of mobile payment technology have led to the rise of "no-password payment" services, which simplify payment processes and enhance user experience, but also highlight the need for improved security management by payment service providers and increased user awareness of security risks [1][2]. Group 1: Recommendations for Payment Service Providers - Payment service providers should strengthen security management for "no-password payment" services by ensuring user consent and identity verification during the activation process, avoiding default activation, and safeguarding user rights [1]. - There should be enhanced risk management for merchants, including setting transaction limits based on merchant characteristics and risk profiles to prevent high-risk merchants from offering "no-password payment" services [2]. - Continuous monitoring of transaction activities is essential to detect anomalies in user spending patterns, allowing for timely intervention to prevent potential financial losses [2]. Group 2: User Awareness and Protection - Users are encouraged to enhance their security awareness by implementing measures such as enabling two-factor authentication and regularly changing passwords to protect their mobile devices and accounts [4]. - Users should improve their ability to identify risks, remain vigilant against marketing traps, and avoid storing payment information on public devices [4]. - Regular checks on "no-password payment" agreements and transaction alerts are recommended, allowing users to freeze or close accounts promptly upon detecting any irregularities [4].

（原标题：中国支付清算协会倡议：杜绝默认开通"免密支付"） 据央视新闻，为进一步规范"免密支付"业务开展，切实保护用户权益，中国支付清算协会向支付服务主 体、广大用户发出倡议。 其中提到，在用户开通环节，严格审核用户身份信息，通过显著页面完成用户开通意愿确认以及"免密 支付"协议签订，杜绝默认开通行为。 全面评估老年人的风险偏好和业务承受能力，以显著方式展示业务核心条款，审慎为老年人开通"免密 支付"功能。 若用户不再继续使用"免密支付"功能，为用户提供便捷的关闭通道。根据老年人的实际需求，实时或定 期主动推送"免密支付"交易相关信息，在显著位置提供相关信息一键查询功能，提供"免密支付"一键取 消功能。 ...

Core Viewpoint - The rapid development and widespread application of mobile payment technology have led to the rise of "no-password payment" services, which simplify payment processes and enhance user experience. However, there are concerns regarding security management among payment service providers and users' awareness of security risks [3]. Group 1: Recommendations for Payment Service Providers - Payment service providers should strengthen the security management of "no-password payment" services by ensuring proper authorization management and confirming users' true intentions during the activation process [4]. - It is essential to enhance merchant risk management by setting reasonable limits on "no-password payment" services based on the merchant's business conditions and risk information [5]. - Providers should improve transaction monitoring to prevent financial loss risks by utilizing risk models and big data analysis to identify and address unusual transaction patterns [5]. Group 2: User Awareness and Protection - Users are encouraged to enhance their security awareness by implementing measures such as enabling two-factor authentication and regularly changing passwords [7]. - Users should be vigilant about marketing traps and avoid saving payment information on public devices to improve risk identification capabilities [7]. - Regular checks on "no-password payment" agreements and prompt actions to freeze or close accounts upon detecting anomalies are recommended for users [7].

一是强化手机设备和账号安全防护，可通过启用双重验证或定期更换密码等方式提高安全防护水平； 三是加强交易环节监测，防范资金损失风险。通过风险模型搭建、大数据分析等技术不断提升风险管控 能力。当用户的交易模式与日常消费习惯发生不符等异常情况时，及时进行拦截或二次验证，防范用户 资金损失风险。 四是加强用户权益保护。提供高效的投诉处理流程，切实保障用户权益。若用户不再继续使用"免密支 付"功能，为用户提供便捷的关闭通道。根据老年人的实际需求，实时或定期主动推送"免密支付"交易 相关信息，在显著位置提供相关信息一键查询功能，提供"免密支付"一键取消功能。 五是做好业务跟踪与规范，重点关注资金损失、服务纠纷等情况，并及时妥善予以处理。 中国支付清算协会还提示用户增强安全防范意识： 记者今天（12日）从中国支付清算协会了解到，随着移动支付技术的快速发展和广泛应用，"免密支 付"业务通过简化支付流程，大幅缩短了交易时间，提升了用户的支付体验。在提高便捷性的同时，部 分支付服务主体在业务安全管理方面还存在提升空间，一些用户也存在安全意识薄弱的情况。为进一步 规范"免密支付"业务开展，切实保护用户权益，中国支付清算协会向支付服 ...

Core Viewpoint - The rapid development and widespread application of mobile payment technology have led to the rise of "no-password payment" services, which simplify payment processes and enhance user experience, but there are concerns regarding security management and user awareness [1][2][3] Group 1: Recommendations for Payment Service Providers - Payment service providers should strengthen security management for "no-password payment" services by ensuring proper authorization management and confirming user intent during the activation process [1] - It is essential to enhance merchant risk management by setting appropriate limits for "no-password payment" transactions based on merchant characteristics and risk information [2] - Monitoring transaction processes is crucial to prevent financial loss risks, utilizing risk models and big data analysis to identify and address unusual transaction patterns [2] Group 2: User Protection and Awareness - Payment service providers must establish efficient complaint handling processes to protect user rights and offer easy cancellation options for users who no longer wish to use "no-password payment" [2][3] - Users are encouraged to enhance their security awareness by implementing device and account protection measures, such as enabling two-factor authentication and regularly changing passwords [3] - Users should regularly check their "no-password payment" agreements and remain vigilant for any unusual transactions, taking immediate action to freeze or close accounts if necessary [3]

Core Viewpoint - The rapid development and widespread application of mobile payment technology, particularly "no-password payment," have significantly improved transaction efficiency and user experience, while also highlighting the need for enhanced security measures within the industry [1] Group 1: Recommendations for Payment Service Providers - Payment service providers should strengthen security management for "no-password payment" by ensuring user consent and identity verification during the activation process [2] - It is essential to enhance merchant risk management by setting appropriate transaction limits based on the merchant's business characteristics and risk profile [2] - Continuous monitoring of transaction activities is necessary to prevent financial losses, utilizing risk models and big data analysis to identify and address anomalies in user behavior [2] Group 2: User Awareness and Protection - Users are encouraged to enhance their security awareness by implementing measures such as enabling two-factor authentication and regularly changing passwords [5] - Users should improve their risk identification skills, remain vigilant against marketing traps, and avoid storing payment information on public devices [6] - Regular checks on "no-password payment" agreements and prompt action on any unusual transactions are recommended to safeguard user accounts [7] Group 3: Ongoing Monitoring and Support - Payment service providers should establish efficient complaint handling processes to protect user rights and provide easy cancellation options for "no-password payment" services [3] - Continuous monitoring of public sentiment regarding "no-password payment" is crucial, focusing on issues like financial losses and service disputes [3]

Core Viewpoint - The China Payment and Clearing Association has issued an initiative to enhance the security management of "no-password payment" services, emphasizing the need for payment service providers to strengthen security measures and ensure user consent [1] Group 1: User Consent and Identity Verification - Payment service providers are required to strictly verify user identity information during the activation process of "no-password payment" services [1] - Users must confirm their intention to activate the service and sign the "no-password payment" agreement through prominent page displays, eliminating default activation practices [1] - The initiative aims to ensure users' rights to choose and be informed about the activation of "no-password payment" services [1] Group 2: Risk Management for Vulnerable Groups - There is a call for a comprehensive assessment of elderly users' risk preferences and capacity to handle such services [1] - Key terms of the service must be prominently displayed to elderly users before activation [1] - The initiative advocates for cautious activation of "no-password payment" features for elderly individuals [1] Group 3: Transaction Monitoring and Risk Prevention - Enhanced monitoring of transaction activities is necessary to prevent potential financial losses [1] - The use of risk models and big data analytics is encouraged to improve risk management capabilities [1] - In cases where user transaction patterns deviate from normal consumption habits, timely interception or secondary verification is recommended to safeguard user funds [1]

Core Viewpoint - The establishment of a unified cross-border QR code payment gateway by China UnionPay aims to facilitate seamless cross-border transactions, allowing users to utilize their domestic e-wallets without the need for additional registrations or card bindings [14][24][17]. Group 1: Cross-Border Payment Challenges - Cross-border transactions face challenges due to different QR code standards and payment rules, requiring consumers to switch between various e-wallets [11][12][10]. - The lack of interoperability between domestic and foreign e-wallets complicates the payment process for consumers and merchants [10][12]. Group 2: Unified Gateway Initiative - The unified gateway is developed under the guidance of the People's Bank of China and in collaboration with the China Payment and Clearing Association and China UnionPay [14]. - This initiative is part of a broader strategy to enhance the cross-border payment ecosystem, making it smoother and more efficient for users [24][27]. Group 3: Benefits of the Unified Gateway - Users can complete cross-border payments using their domestic e-wallets, eliminating the need to download foreign e-wallets and simplifying the payment process [17][24]. - The unified gateway supports a new "four-party model" that aims to optimize cross-border payment operations and reduce costs and risks associated with international transactions [24][27]. Group 4: Regulatory Considerations - The initiative also addresses regulatory needs by optimizing cross-border payment supervision and ensuring compliance with domestic regulations [29].

11月5日，虹桥国际经济论坛"金融助力全球经贸发展"分论坛在国家会展中心（上海）举行，会上，跨 境清算公司副总裁万泰雷在"全球贸易发展新机遇与挑战"主题研讨圆桌上表示，"跨境清算公司致力于 为国际经贸往来和金融市场交易提供安全、高效便捷的人民币支付服务。截至今年10月底，我们的系统 共有参与者1736家，覆盖全球122个国家和地区，初步构建起一张连通世界的人民币跨境支付网络。其 中，直接参与者有187家，境外机构占比73%，间接参与者1559家，境外机构占比64%。这样，我们就 初步能够为全球人民币用户通过本国身边的银行便利办理业务提出了基础设施支持。" ...

Core Insights - The payment system is a crucial financial infrastructure that supports consumer spending and economic stability in China. The People's Bank of China (PBOC) has made significant advancements in the payment industry during the 14th Five-Year Plan period, establishing a modern payment system that ranks among the world's best [1][2]. Group 1: Development Achievements - The PBOC has achieved a series of breakthroughs, with the payment system processing business growing at an average annual rate of 12.52% over the past five years, making China's total business volume the second largest globally, projected to exceed 12 trillion yuan in 2024 [1]. - Mobile payment transactions are leading globally, with the number of transactions in 2024 expected to be 1.71 times that of 2020. The average payment service fee is below 0.6%, significantly lower than in Europe and the U.S. [1][2]. Group 2: Market Structure - The payment market has evolved into a multi-entity, collaborative structure, with the PBOC optimizing the roles of clearing institutions, commercial banks, payment institutions, and industry associations to provide diverse and efficient payment services [2]. - The China Payment and Clearing Association plays a self-regulatory role, maintaining fair competition and promoting high-quality development in the payment clearing industry [2]. Group 3: Regulatory Framework - The payment industry has entered a new phase of compliance and sustainable development, with the introduction of the "Non-Bank Payment Institutions Supervision and Management Regulations," marking a significant regulatory milestone [3]. - The PBOC employs both on-site inspections and off-site supervision to address illegal activities in the payment sector, focusing on risk prevention across the entire payment process [3]. Group 4: Service Accessibility - The payment service landscape has diversified, with non-cash payment transactions reaching 23 trillion in number and 22.6 trillion yuan in value, representing 2.34 times and 1.34 times the volume during the previous five-year period, respectively [4]. - Innovations such as facial recognition payments and enhanced services for the elderly have improved accessibility, bridging the digital divide and ensuring that payment services reach rural areas [4]. Group 5: Cross-Border Payment Developments - The PBOC is advancing the construction of a self-controlled cross-border payment system, with the Cross-Border Interbank Payment System (CIPS) processing 175 trillion yuan in cross-border RMB transactions in 2024, a 43% increase year-on-year [5][6]. - Efforts to enhance cross-border payment interoperability include the successful connection of rapid payment systems between mainland China and Hong Kong, facilitating real-time cross-border remittances [6]. Group 6: Foreign Personnel Payment Services - The PBOC has implemented measures to improve payment services for foreign personnel in China, allowing them to register for domestic mobile payment apps using foreign phone numbers and bind foreign bank cards [7]. - The number of active mobile payment users among inbound personnel exceeded 10 million in the first half of 2025, with transaction counts and amounts increasing by 162% and 149% year-on-year, respectively [7].