For our cardholders, there will be fewer false merchants in the bill; However, it may cause payment companies to raise prices one after another and increase our credit card cost.
In order to effectively improve the risk management level of payment acceptance terminals and related businesses, effectively cut off the "capital chain" of cross-border gambling and other crimes, and protect the public interests, the People's Bank of China has formulated the Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses on the basis of in-depth investigation and extensive solicitation of opinions from all parties.