Bankcard payment system in the People's Republic of China

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Fong, Michelle Wye Leng (2003) Bankcard payment system in the People's Republic of China. In: Annals of cases on information technology: applications and management in organizations. Khosrow-Pour, Mehdi, ed. Annals of cases on information technology, 5 . Idea Group Publishing, Hershey, PA, pp. 184-200.


An efficient payment system is necessary to support efficient trading in goods and services within open market economies. Information technology has been used by many of these economies to achieve efficiency in their payment systems. The People's Republic of China, an emerging market economy, regards an efficient electronic payment system as imperative for economic liberalization, for supporting low cash usage and improving monetary control within the economy. By means of the "Golden Card" project, it aimed for a flexible, convenient, fast, secure and seamless electronic payment system beneficial to economic performance. Although efficiencies in the electronic payment system were achieved in some of the developed regions, there have been teething problems such as low public confidence in the system, weak technological support and inadequate regulatory framework that prevent the full realization of a supportive payment system for overall economic development.

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Item type Book Section
DOI IT5665
ISBN 1-59140-061-9
Subjects Historical > RFCD Classification > 340000 Economics
Historical > Faculty/School/Research Centre/Department > School of Economics and Finance
Keywords China case studies, electronic funds transfers, banks and banking, technological innovations, bank credit cards, information technology, management, information resources management
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