英闻天下——298 Future of E-payment in China

 　　Digitization has transformed the landscape of our traditional banking¹ business. Transactions between companies or individuals are now made within a few mouse clicks. The rise of e-commerce in recent years has taken the payment process a step further by encouraging users to pay via their personal computers and mobile devices, such as tablets or mobile phones. While e-payments have brought about great opportunities, they also have posed great challenges. On the one side of the coin, easier access to one's financial resources not only offers convenience, but also has boosted consumption and growth.

 

　　On the other side, e-payments require the involvement of multiple parties, including banks, third-party payment providers and telecom companies. This has made it all the more difficult to ensure consumers' account information is secure.

 

　　So what does the future hold for e-payments, and how can regulators, banks and telecom companies coordinate² their efforts to ensure safe and efficient access to bank accounts?

 

　　Ni hao, you're listening to  People In the Know, bringing you insights into the headline news in China and around the world. I'm Zheng Chenguang in Beijing. On today's program, we are taking a look at the future of e-payments in China.

 

　　We speak to Professor Liu Baocheng, Director of the Center for International Business Ethics³ at the University of International Business and Economics in Beijing, and Terry X. Xie, Director of International Payments Advisory⁴ Service at Mercator Advisory Group based in the U.S.

1 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

2 coordinate   

adj.同等的，协调的；n.同等者；vt.协作，协调

参考例句：

• You must coordinate what you said with what you did.你必须使你的言行一致。
• Maybe we can coordinate the relation of them.或许我们可以调和他们之间的关系。

3 ethics   

n.伦理学；伦理观，道德标准

参考例句：

• The ethics of his profession don't permit him to do that.他的职业道德不允许他那样做。
• Personal ethics and professional ethics sometimes conflict.个人道德和职业道德有时会相互抵触。

4 advisory   

adj.劝告的，忠告的，顾问的，提供咨询

参考例句：

• I have worked in an advisory capacity with many hospitals.我曾在多家医院做过顾问工作。
• He was appointed to the advisory committee last month.他上个月获任命为顾问委员会委员。