Competitive Research Platform Of Cooperation Between Commercial Banks And Third Party Payment

In this big-data era,Information technology has developed,and internet economyappeared.The internet and finance has combined together,which is deeply universal inour country. As the way people consume and pay changed,third-party paymentplatform has developed quickly and very well, online bank payment has developed aswell as third-party payment platform.We can see economies of scale in thisfield.Third-party payment platform is so famous because it provides the creditguaranty to consumer and online retailers.Network bank has become an important part in commercial bank,and every bankhas its own e-commerce site.Commercial bank also use some popular ways tomarketing just as micro-blog and wechat.Many commercial bank’s services aregrowing,for example,financial convenience stores and financial supermarkets arecoming.Commercial bank’s new service and product are multiple. Followingdevelopment in ‘financial-cloud’,commercial bank could cooperate with the ITcompany.Before2010，there was no special law or regulation to supervise third-partypayment platform.But now regulators seem to have noticed.Reputable and innovativethird-party payment companies which are full of financial strength can still live.Thecommercial bank’s consumers are made of big companies,on the other hand,the majorconsumers in third-party payment platform are scattered and micro-financial.Thecommercial bank and third-party payment platform cooperated well at first.But nowthey conflict in business,customer resources and profit.The commercial bank has disadvantage in credit guaranty,and third-partypayment platform has disadvantage in technology and risk management.Theycooperate,they can get many benefits,just as sharing customer resources,expandingbusiness scale,sharing credit system.By the way, commercial bank can learn thepricing mechanism from third-party payment platform when interest rate liberalization realizes.Also,they can build platform into the physicalworld.However,third-party payment platform can explore the cooperation with citycommercial bank or rural commercial bank.As a member of strategicinvestor,commercial bank can take stakes in third-party payment platform,thenthird-party payment platform may get the help of foreign strategicinvestor.Facilitating payments can develop better when they cooperate.There are some new ideas in my paper.Firstly,I use a new conceptcalled’financial-cloud’,which can influence the commercial bank’s development.Inthe next place,I analyze their cooperation in the background of interest rateliberalization. At last,I also draw support from O2O market to analyze the commercialbank’s opportunity. However, the relationship between commercial bank andthird-party payment platform is a new topic which is so hot now.In my paper, I borrow some ideas from related papers，and compare with eachother，then induce and colligate the conclusion. I also use questionnaire to supportmy paper. I also use Cournot Model to analyze the relationship between third-partypayment platform and commercial bank.