There are some differences between the Legend Payment Platform and commercial banks in terms of service scope, business types and regulatory agencies. Commercial banks are banking institutions that provide traditional financial services such as savings, loans, credit cards, and foreign exchange, as well as non-savings deposit businesses such as fund clearing, international settlement, and acceptance bills. The Legend Payment Platform is a third-party payment platform that provides electronic payment services such as online payment, transfer, recharge, and cash withdrawal. The business types of commercial banks cover traditional financial businesses, such as savings, loans, insurance, securities, etc., as well as other non-financial businesses, such as precious metal transactions, points exchange, etc. The Legend Payment Platform mainly provides electronic payment and settlement services. As financial institutions, commercial banks are supervised and managed by financial regulatory agencies such as the People's Bank of China. The Legend Payment Platform is a third-party payment platform and needs to comply with the regulations and supervision of the People's Bank of China, the China Banking Regulatory Commission and other relevant departments. In general, commercial banks are traditional financial institutions that provide traditional financial services, while the Legend Payment Platform is a new payment method that provides electronic payment services. Although both involve the flow and management of funds, there are major differences in service scope, business types and regulatory agencies.