Research On The Impact Of Third-party Payment On The Profitability Of Listed Commercial Banks

The third-party payment is booming based on the rise of e-commerce,and its development scale has gradually increased and tends to be stable in recent years.Relying on its advantages of convenience,speed,safety and efficiency,the third-party payment has gradually replaced the previous cash payment and bank card payment,and has become the most important means of payment in the daily consumption of Chinese residents.With the payment function as the starting point,the payment platform as the big stage and the national policy as the escort,the third-party payment has a huge impact on the profitability of China’s commercial banks through the impact on the deposit and loan business of commercial banks and the crowding out of the intermediate business.Based on the above background,this paper studies the impact of third-party payment on the profitability of listed commercial banks,and puts forward relevant policy suggestions on how to achieve better transformation and development of China’s commercial banks.Firstly,this paper clarifies the current research status of the topic studied in this paper by sorting out the relevant research on third-party payment and the profitability of commercial banks.After that,it analyzes the development status of third-party payment and the profitability of commercial banks to further grasp the research object.Next,this paper focuses on the theoretical way of the third-party payment affecting the profitability of commercial banks and the changes of this influence after the introduction of the new policy of "disconnecting direct connection",and puts forward relevant research hypotheses accordingly.Finally,in the empirical analysis,with the third-party payment scale as the core explanatory variable,it is confirmed that the expansion of third-party payment scale has a negative impact on the profitability of commercial banks;Furthermore,the third party Internet payment has more negative impact on the profitability of commercial banks than the third party mobile payment.Then,by referring to the Herfindahl index,the paper introduces the index of the diversification of income structure,which proves that the diversification level of income structure of commercial banks has a significant masking effect in the process of influence.At the same time,it proves that the implementation of the new policy of "disconnecting direct connection" has suppressed the negative impact of third-party payment on the profitability of commercial banks to a certain extent.As an important part of China’s financial field,the healthy development of commercial banks has a vital impact on the improvement of China’s national living standards.Through theoretical analysis and empirical research,this paper puts forward the following four suggestions for commercial banks to better cope with the impact of third-party payment: first,accelerate the development of strategic business transformation;Second,strengthen the construction of mobile payment scenarios;Third,improve the level of income structure diversification;Fourth,strengthen cooperation with third-party payment institutions.