Payment services connect thousands of households and are closely related to business operations and people's lives. The People's Bank of China adheres to the concept of "paying for the people", optimizes bank door-to-door services and reduces payment service fees. By controlling the "capital chain" involved in fraud and gambling, we will continuously improve the business environment, implement the policy of benefiting enterprises and benefiting the people, and firmly grasp the "money bag" of the people.

China's payment services are mainly provided by banks and non-bank payment institutions, and the market competition is relatively full, forming a pricing model based on market-regulated prices. At present, the cost of mobile payment and online payment is lower than the international average. The People's Bank of China regards paying fees, reducing fees and making profits as the starting point and focus of "I do practical things for the masses". On the basis of full investigation, the People's Bank of China, together with the China Banking Regulatory Commission, the Development and Reform Commission and the General Administration of Market Supervision, issued the Notice on Reducing the Payment Fees of Small and Micro Enterprises and Individual Industrial and Commercial Households, and further introduced the 12 fee reduction policy in five aspects: bank account service, RMB settlement, e-banking, bank card swiping and payment account service. Since the implementation of the policy on September 30th, 20021,it has reduced or exempted the payment for more than 82 million market participants by 654.38+0.2 billion yuan.