In recent years, with the rapid rise of the third-party payment industry in China, the incidents of illegal misappropriation of customer's reserve funds, money laundering and cash arbitrage have occurred frequently. This has caused chaos in financial markets.Based on the analysis of the current supervision system of the third-party payment industry and its drawbacks, this paper explores the impact of centralized deposit of reserve on the third-party payment institutions. Finally, it puts forward relevant policy suggestions for the sustainable development of enterprises from the aspects of strengthening product and service innovation, developing cross-border payment and improving credit rating.

Yaxuan Gao, Research on the Impact of Centralized Management of Customer Reserves on Third Party Payment Institutions under Strict Supervision. Academic Journal of Humanities & Social Sciences (2019) Vol. 2: 65-73. https://doi.org/10.25236/AJHSS.040025.

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