The Influence Of Third Party Payment On Commercial Bank’s Intermediary Business

With the advancement of technology and the advent of Mobile Internet Era,third-party payment which is a typical form of Internet finance has developed rapidly.For one thing,the scope of third-party payment’s business has expanded from providing settlement channel services to online loans,Internet wealth management and other fields.This situation impacts the similar part of the intermediary business of commercial banks by diverting customers and sharing handling fees.From another point of view,third-party payment has promoted the scale of intermediary business through making cooperative relationships in some fields such as fund custody and docking with settlement systems.The development of third-party payment has prompted commercial banks to transform its business strategy and improve the quality of products and services of intermediary business.After carding domestic and foreign literatures,this thesis discusses the related concepts,development status and existing problems of third-party payment and intermediary business of commercial banks.Then,it discusses the opportunities and challenges brought by the development of third-party payment to the intermediate business of commercial banks from four aspects of payment and settlement business,agency business,bank card business and custody business,and chooses the financial data of eighteen comerical banks which include state-owned commercial banks,joint-stock commercial banks and small and medium-sized commercial banks from 2010 to 2021 to construct empirical analysis models,discusses the infulence of third-party payment on intermediary business,and draws the following conclusions:(1)Third-party payment has a positive impact on the overall intermediary business income of commercial banks.(2)The impact of third-party payment on the income of different types of commercial banks’ varying intermediary business is diverse.(3)The infulence of third-party payment on the intermediary business income of different kinds of commercial banks is disimiliar.In the end,on the basis of the results of theoretical and empirical analysis,it puts forward countermeasures and suggestions for regulatory agencies and commercial banks,in which regulatory agencies should improve regulatory rules,strengthen the application of digital technology and external exchanges;commercial banks should strengthen the construction of financial technology and improve their own payment systems,continue to build customer acquisition scenarios and.strengthen cooperation with third-party payment institutions.