Research On The Impact Of The Development Of The Third Party Payment On The Commercial Banks In China

With the rise of the Internet and the popularity of online shopping,e-commerce in China has developed rapidly at an amazing rate and gradually penetrated into people's daily life,in 2015 double eleven day,the electricity supplier platform turnover exceeded 100 billion yuan,only a Tmall sales record of 91 billion 200 million yuan the sales record,once again launched a national shopping boom,convenience and characteristics of the third party payment are closely related.At first,the third party payment is just a tool to promote the development of electronic commerce,and had no influence on other financial institutions,but with the rapid development in recent years,the third party payment not only provide payment channels,but to further expand the scope of business,including the payment and settlement,investment banking,credit network etc..The third party payment institutions to further promote the development of electronic commerce,it also plays an important role in Internet banking,and the third party payment with flexible and convenient features makes more and more people become the customer groups,so the third party payment shown by many users certainly.The research object of this paper is the third party payment industry and commercial banks,although the commercial bank has been in the financial sector monopoly,but the slow pace of innovation,rely on customer resources but not in time to grasp the market demand.The first and the third party payment and the commercial bank directly and not what conflict,or even help commercial banks to develop payment interface channels,but the third party payment in some business and commercial banks have overlapping,reform and innovation of the third party payment has impact on commercial banks,the commercial banks have to pay attention to.To know that the deposit and loan business has been the core business of commercial banks,but in recent years,commercial banks have doubled the pressure,one of the important reasons is the impact of the third party payment agencies.Not only in terms of deposit and loan business,in terms of payment and settlement,consignment fund,diversion of customer base and so on also caused great pressure on commercial banks.But after so many years of development of commercial banks also have the advantage of capital strength richly endowed by nature,such as thickness,bear the huge customer base,the advantages of low risk,so the commercial banks should make use of these advantages to actively respond to the impact of the third party payment.And commercial banks and third party payment institutions also need to use the advantages of each other to learn from each other,so the two are not completely competitors,the two sides can strengthen cooperation in order to achieve win-win situation.This is not only conducive to the development of commercial banks and third party payment institutions,but also has a positive role in promoting the healthy development of the entire payment market.