The Sdudy Of The Impact Which Is Made By Third Party Payment On The Development Of Commercial Banks’ Business

With the development of e-commerce,the third-party Internet payment industry such as Paypal and Tenpay appeared.After ten years of development,third-party payment developed rapidly with the popularity of the Internet and mobile terminals. It is no longer just a payment tool, which is involved in a number of areas pay settlement, network credit, finance and investment, and credit payments.With the continuous expansion of its business and the rapid increase in business volume, the third-party Internet payment industry brought great pressure on commercial banks.The relationship between commercial banks and third party payment is no longer complementary and cooperation. resulting in the presence of competition between them, pose serious challenges for the development of commercial banks.Therefore, the study of the influences of the development of third-party payment on commercial banking,and the research on how to make the commercial banks in competition with victory in the third-party payment have become important issues.In this paper, basing on the concept of third-party payment, business content and business processes, I analyzed the features of third-party payments business and commercial banking.By comparing advantages and disadvantages of the third party payment and Commercial Bank,analyzed the affect third-party payment on commercial bank assets, liabilities business, intermediate business and electronic banking from theory.From the theoretical analysis,we concluded that the third party payment has a more customer stickiness, diversified and personalized service,credit intermediation based on big data.While commercial bank has advantages in brand,human resources and so on, and with full financial license.At the same time, it has the advantage of multiple economic role and have huge customer resources and ability of risk control.Faced with the advantage of third-party payment platform, the business of commercial banks assets, liabilities business, intermediary business and electronic banking will be some impact, inhibited the development of third-party payment.In order to analyze the size of the impact which is the third-party payment bring to commercial bank business,I exemplified by Bank of China, Agricultural Bank,Industrial and Commercial Bank of China and Construction Bank,based on empirical data and selected the third-party payment service transactions, loans than depositsratio, ratio of intermediate business and four lines of electronic banking transactions to analyze the affect third-party payment on commercial bank assets, liabilities business, intermediate business and electronic banking. In the study, I used gray prediction and gray correlation analysis methods to make an empirical analysis.It found that influence of the third-party payment services on four lines of business are different by empirical analysis.Overall, at this stage, competition and cooperation coexist between third-party payment platform and commercial banks.In terms of business assets, the development of third-party payment in stimulating the development of the four lines of business assets at the same time with the formation of competition and thereby hinder its development.Under growing third-party payment background, positive impact on business assets in addition to Bank of China is greater than the negative impact, but the Bank of China suffered more serious obstacles.In liability business,the four major banks in addition to ICBC have been more serious obstacle, while ICBC liability business practically not affect by the development of third-party payment.In the middle of the business, ICBC almost not be affected by third-party payment, the Bank of China and China Construction Bank been hampered by third-party payment, and the Agricultural Bank has made progress in competition with third-party payment.Online banking side, the four major banks has made process with the development of third-party payment, but its growth rate is declining, especially with the advent and popularity of mobile payments, there is a serious challenge for online banking development.Finally, I concluded that the emergence and development of third-party payment,although changing the bank monopoly in the financial sector, commercial banks a competitive and challenges.But this challenge would not necessarily hinder the development of the commercial banking business,as long as the commercial banks make commercial banks, banks will promote business innovation, improve their quality of service in this pressure.This will help to improve the overall competitiveness of commercial banking,and access to long-term development.Commercial banks can raise bank by strengthening cooperation with third-party payment, establish a market-oriented, customer-centric business philosophy,innovation and optimize traditional business, intensify the development of electronic banking and the strengthening of cooperation between the banking industry and other means the overall competitiveness of the industry, to obtain long-term development.