Year: 2024
Type: article
Abstract: Single-purpose commercial prepaid cards refer to prepaid vouchers issued by operators and are limited to payment for goods or services within the enterprise or within the same brand franchise system.It not only promotes consumption, but also has a strong financing function.However, if the issuance of single-purpose commercial prepaid cards is not well regulated, it may damage the rights of consumers and disrupt market order.However, the Administrative Measures for Single-Purpose Commercial Prepaid Cards of the Ministry of Commerce.However, the law is outdated making it difficult to meet the needs of a diverse and changing practice.The objective of this study is to explore the existing laws and regulations concerning consumer protection for single-purpose commercial prepaid cards in China.Besides that, this study recommends a unified law for single-purpose commercial prepaid cards in China.The findings of this study will practically contribute to the improvement of regulations for consumer protection of single-purpose commercial prepaid cards in China.
Authors: Juping Yu, Siti Suraya Abd Razak
Institution: University of Technology Malaysia
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405556084