Research On Vertical Relationship In The Third-party Payment Industry In China

In the era of network economy, with the development of networkshopping and E-commerce, the Third-Party Payment Industry is growingup rapidly. The Third-Party Payment Industry in our country appeared in1999. And now it is still a new industry, but with the expansion of thebusiness field and market share, the Third-Party Payment Firms havesome business similar to the relative ones, which will bring more disputesbetween them. Otherwise, the Third-Party Payment Firms have noauthentic qualification to do some financial services, such as paymentand settlement. Some businesses of the Third-Party Payment Firmsinvolving in these relative financial services have nearly touched therelative laws.The essay analyzes the vertical relationship in our Third-PartyPayment Industry with relevant theories. We can get some conclusionthat integration doesn’t fit the development of our Third-Party PaymentIndustry. Restriction will be a good way. The long-term contractbetween the Third-Party Payment Firms and the banks will make bothcooperate together so as to get more benefits. And then to check theconclusion by the way of establishing a theory model can give moredetail analysis in the actual e-payment market. And at last, somesuggestions are given to promote the effective development of theThird-Party Payment Industry in our country.In a word, through this essay, we can introduce the development ofthe Third-Party Payment Industry to promote the development ofE-commerce further.