Regulations Governing Identity Verification Mechanism and Transaction Amount Limits of Electronic Payment Institutions Article 15

When an electronic payment institution accepts users to register stored value cards, the identity verification process for individual users shall comply with the provisions in Subparagraphs 1 and 2, Paragraph 1 of Article 9; the identity verification process for non-individual users shall comply with the provisions in Subparagraphs 2 and 3, Paragraph 1 of Article 13.An electronic payment institution must request the user’s contact phone number when it implement the process prescribed in the preceding paragraph.An electronic payment institution issues a stored value card to its user, which is annexed to the user’s electronic payment account, the registration for the such stored value card annexed to the electronic payment account shall be deemed as completed.