Research On The Competition And Cooperation Relationship Between Third-party Payment And Commercial Banks Under The New Regulatory Policy

With the continuous expansion of market scale and business scope,while deepening cooperation between third-party payment institutions and commercial banks,competition has become increasingly fierce,and contradictions between the two sides have been escalating.With the rapid development of the third-party payment industry,various kinds of risk incidents occur frequently,which seriously affects the stability of the financial market.In 2016,the introduction of new regulatory policies marked a new era for the supervision of third-party payment.Under the new regulatory environment,how will the competition between third-party payment and commercial banks be affected,and how the two sides play their respective advantages,learn from each other's strengths and complement each other's weaknesses,strengthen cooperation,and jointly promote the healthy development of financial markets are worth pondering.This paper mainly studies the competitive relationship between third-party payment and commercial banks under the new regulatory policy.Firstly,this paper combs the cooperative competition theory,evolutionary game theory,the risk supervision of third-party payment and the competitive and cooperative relationship between third-party payment and commercial banks;secondly,it introduces the development status and competitive advantages of third-party payment and commercial banks respectively,compares and analyses the changes of the competitive and cooperative relationship between them before and after the promulgation of the new regulatory policy;thirdly,it combs the current situation of the third-party payment and the competitive and cooperative The main regulatory policies of the tripartite payment industry are summarized,and the core contents of the new regulatory policies are summarized.The opportunities and challenges of third-party payment and commercial banks under the new regulatory environment are discussed.Then,the competition between third-party payment and commercial banks under the new regulatory policies is analyzed from three aspects: business,capital and customers,and the settlement services,credit information and technical security are analyzed.Third-party payment and commercial bank cooperation under the new regulatory policy;finally,through evolutionary game theory,this paper analyzed the competition relationship between third-party payment and Commercial Bank under the new regulatory policy from another angle,and carried out numerical simulation with matlab software.The results show that the evolution of the competitive and cooperative relationship between the third-party payment institutions and commercial banks depends on the initial market power,rewards and punishments q of the regulatory authorities,the excess earnings M of cooperation,the profit distribution coefficient,the additional earnings g of one party's competition and the cooperative cost c of one party's cooperation.It is concluded that under the new regulatory policy,the third-party payment and commercial banks should strengthen innovation,optimize products and cooperation costs.Service is to cooperate in resolving conflicts of interest,sharing resources of both sides,seeking breakthroughs in cooperation and jointly coping with risks,so as to achieve win-win situation and provide better service to customers.