Research Of The Impact Of Third-party Payment On Intermediate Business Of Commercial Banks

With the rapid development of e-commerce in China,third-party payment has become stable in terms of technology research and development,scope of use and scale of use.Authoritative data show that the transaction scale is stable and growing every year.Third-party payment is developing rapidly,which has exerted a great influence on traditional commercial Banks in terms of intermediary business and market interest rate.Therefore,it is very important to study the influence of third-party payment on the intermediary business of commercial Banks.Based on the integration of theoretical analysis and empirical research,this paper analyzes the impact of third-party payment on the intermediary business of commercial Banks.Firstly,this paper analyzes the current situation of third-party payment business,including the connotation,characteristics,competitive advantages and development status of third-party payment.Secondly,it introduces the intermediary business of commercial Banks,compares and analyzes the income of the intermediary business of commercial Banks in recent years,and discusses the positive and negative effects of third-party payment on the intermediary business of commercial Banks in combination with the data results obtained.Finally,through quantitative analysis of the scale of third-party Internet payment and the scale of third-party mobile payment from the panel model,it is found that the two modes of third-party payment have positive effects on the development of commercial Banks,and this promotion depends on the continuous reform and innovation of commercial Banks.The research results show that:(1)commercial Banks are positively affected by third-party Internet payment and third-party mobile payment in enhancing the income level of intermediary business;(2)the impact of third-party Internet payment and mobile payment on intermediary business income is positively proportional.By comparing the quantitative data of the two,it can be seen that third-party mobile payment business is far less than the impact of third-party Internet payment on intermediary business.(3)the third party payment for small and medium-sized line and five middle business income differences found after comparing the regression model,the influence of comparison,the third party Internet payment platform for the five line is bigger,the influence of the intermediate business income for the small and medium-sized bank intermediary business income,the influence of the third party mobile payment platform is larger.Combined with the current development of China's commercial Banks and the conclusion of empirical research,this paper puts forward policy Suggestions to promote the development of commercial Banks' intermediary business under the role of third-party payment:(1)continue to promote the development of payment and settlement business by taking advantage of policy advantages;(2)accelerate process optimization and product innovation;(3)strengthen cooperation with third-party payment institutions;(4)reasonable pricing to prevent risks;(5)improve the construction of scene service quality;(6)constantly improve their own payment system.