Research On The Classification Of Third Party Online Payment And The Innovation In Intermediate Business Of E-banking

In recent years, third party online payments grow rapidly in China. Meanwhile, disputes arise on its classification. Whether it belongs to tech or finance?This paper carried out a research based on business model analysis and concluded that there exist three model, and each has its unique classification possibility. Different policy should be adopted by monetary authority and banking supervisor.Comparing online advertising cost from 2005 to 2006 by different financial institutions, credit card business still hold a dominant position in intermediate business of China's commercial banks.With the increasing impact of internet and c2c business, intermediate business based on credit operation and Network Effect will generate the core competitive power of next generation e-banking.