The Challenges And Coping Strategies Of Third Party Payment To Commercial Banks

Because of the rapid development of e-commerce and mobile Internet,network shopping has become an indispensable part of people's life in China.The third party payment has also become the means of payment in the new situation with its safety and convenience,and it has met the demands of consumers in many directions.With the improvement and improvement of technology and rules,the third party payment is not only limited to the field of payment,but the current third party payment company's business has already included many markets such as credit card repayment,network lending,personal credit and so on,and compete with commercial banks.Commercial banks are also aware of the challenges it brings,and constantly try to break through and change this situation,and hope to be invincible in future competition or cooperation through their own advantages and accumulation.From the point of view of commercial banks,this paper discusses the challenges and effects of third party payment on commercial banks,and studies the negative effects of the third party payment on commercial banks,and gives some feasible suggestions.The main research content of this paper will be divided into five parts.First,it introduces the research status of third party payments and commercial banks in China,and points out that the third party payment platform services and the challenges to commercial banks have different research results.Secondly,it introduces the related concepts of the third party payment,describes its development status and characteristics in China,and describes the risks it holds at this stage.The third part analyzes the relationship between the third party payment and the commercial bank,and then discusses the challenges brought by the third party payment to the commercial banks from the middle business and the assets and liabilities business,and deeply analyzes the influence of the third party payment on the commercial banks.Finally,combined with the VAR model correlation analysis method,the scale of third party mobile payment is introduced into the model,and the quantitative analysis is made with some core indexes of commercial banks.It is concluded that the scale and development of the third party payment will play a certain role in the business bank's management innovation and robustness.This effect requires business.Banks take corresponding measures,need continuous reform and innovation,on the basis of qualitative and quantitative analysis,put forward relevant countermeasures and suggestions.Through the combination of theoretical analysis and empirical research methods,this paper puts forward the following suggestions for commercial banks' coping strategies: first,from the commercial banks themselves,the scientific management of the loan ratio,the control of the bad loan rate,the strengthening of debt management;second is to deal with the competing relations with the third party payment,both cooperation and cooperation.To win,we should improve the market orientation and improve the overall competitiveness;third is to increase the strength of innovation,combine new technology,control internal risk and so on to gain more lasting development.