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Anonymous users2024-02-06The development of electronic money helps to monitor electronic money and adjust its monetary policy in a timely manner according to the development of electronic money research and practice, and at the same time ensures the reliability of the payment system.
The formulation of technical standards for electronic money and the promotion and application of electronic money have a semi-private nature in most countries. Generally, the enterprise is responsible for the formulation of technical safety standards. **Focus on promoting your app.
The object of monetary policy adjustment is the amount of money, that is, the total purchasing power of the whole society, which is manifested in the form of cash in circulation and deposits in banks of individuals, enterprises and institutions.
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Anonymous users2024-02-05The widespread use of electronic money greatly reduces the operating costs of banks, accelerates the circulation speed of money, improves the service efficiency of banks, and usually paper money and coinage require a large number of expenses for counting, bookkeeping, storage, transportation and security, etc., but the rapid development of electronic money can greatly simplify these work, and save the high cost of processing coinage and banknotes. With the help of computer information technology, electronic money plays the role of transaction, circulation and payment with electronic information flow, which will inevitably reduce transaction costs and increase the circulation and transaction speed of the money market and commodity market.
The bank is convenient for transfer and transfer between different branches. Conducive to the development of bank card issuance business, the transformation of the national economic development model will mainly stimulate domestic demand, and the development of bank credit card industry is facing a once-in-a-lifetime opportunity.
Enables banks to actively develop new tools and innovate their businesses.
In addition to the original banking business, commercial banks have also carried out new businesses, such as handling deposits and withdrawals outside the counter, opening personal financial accounts such as consumer accounts, investment accounts, foreign exchange trading accounts, etc., in order to handle personal consumption credit, education investment credit, portfolio tools and other businesses, and actively contact with large shopping malls, supermarkets and other units that frequently use electronic money, and set up POS machines in the above units to connect banks, units, and individuals. Form a huge service network with commercial banks as the core. The generation of electronic money makes commercial banks and other financial enterprises and non-financial enterprises have an important impact on the total scale of electronic money circulation, so that the functions of commercial banks carry out a major transformation, and commercial banks will compete for the market share of online electronic money payment and settlement, and carry out fierce competition, prompting banks to establish customer-oriented main marketing methods and strive to occupy more customer groups.
Challenges: 1. The annual consumption of electronic money in China has shown a substantial increase since 2003, and the income brought by electronic money consumption to its issuers has also increased significantly. If commercial banks do not strive for more e-money issuance qualifications or stay at the current level of e-money business service operation, they will lose the share of e-money business revenue.
2. If a commercial bank issues electronic money, when the user initially purchases electronic money, the user's traditional currency deposits decrease, the electronic money deposits increase, and the amount of traditional currency deposits in the society also decreases. If the bank does not make deposit reserves for the electronic money deposits of commercial banks, then the total amount of electronic money deposits in the society will continue to increase as users use electronic money for payment activitiesCorrespondingly, the process of creating deposits in traditional currencies will be stopped, so that the total amount of deposits in traditional currencies of commercial banks will inevitably decrease, and the amount of deposit reserves will be reduced.
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