Bank Card Clearing and Third-party Payment

With the continuous development of Internet technology and e-commerce, innovative payment services have also grown rapidly

Based on the needs of online business, King & Wood Mallesons (KWM) advises a number of payment institutions and banks on payment clearing, and many Internet companies and commercial retail enterprises on payment business compliance, licence applications and acquisitions, and product innovation.

KWM's global finance team has amassed extensive experience in this field and has assisted payment industry players and financial infrastructure institutions in developing legally compliant and innovative products. We have advised product providers, payment processors, merchants/retailers, and other service providers on various new payment technologies such as mobile wallets, cardless payments, cross-border collections, and payment aggregation. We have been playing an active role in the digital currency field.

We advise on bank card clearing and third-party payment matters

Product design and regulatory compliance