The Impact Of Emerging Payment Methods On Bank Performance

In recent years,with the rapid development of emerging payment methods in China,the traditional payment methods are hit badly and begin to change from the situation with bank as the main body to the situation with multiple main bodies.The data shows that the GMV(Gross Merchandise Volume)in Nov.11th in 2016 by electric business platform exceeds 200 billion yuan,and that it increases to 78700 billion yuan in the end of 2016,increasing the percent of 226.This phenomenon is closely related to the convenience of the emerging payment platform and the universality of application situation,and it inevitably has a great influence on the traditional payment business with the bank as the main body.Inevitably,the rapid development and popularization of emerging payment methods have a strike to the traditional payment methods by cash and cards with banks as the main body.In addition,it also has an impact on the bank's number of customers,credit card business,and savings business.However,the emerging payment methods and traditional payment methods cooperate with each other at the same time of competing.In detail,the emerging payment platform and traditional payment platform compete with each other,at the same time,in the process of the emerging payment,bank plays the role of fund provider and they finish the payment process together.The essence of the impact of emerging payment methods on banks is the competition between new and old payment platforms.To begin with,this essay will analyze the competition between the emerging payment methods and traditional payment methods by establishing the horizontal differentiation platform competition model,aiming to explore the influence of the emerging payment methods to bank.Then,this essay will probe into the relation between the emerging payment methods and traditional payment methods by analyzing the practical examples.At present,the definition and classification of the emerging payment methods have no absolute standard due to the limited time,and this essay will define and classify them according to the characters of them,and then determine the key words about the emerging payment methods.With the text mining method,this essay will construct the index quantitative development course of the emerging payment methods,and analyze the influence of the emerging payment methods to bank performance with the samples of 77 commercial bank's data from 2006 to 2016.At the same time,this essay will explore whether different banks will receive different effects,The results show that emerging payment methods have a negative impact on bank performance,and that the negative impact of large banks is less than the negative impact of small banks.Finally give advice to the development of payment market and bank payment in China.