The Development Of The Third-party Payment Platform And Internet Banking System

As quantitative easing policy of our intrest and exchange rate,and ifnancialregulation, the revolution of ifnance system has been a big issue in the last year. Thedeveloping of Internet Banking in China has ifxed everyone’s eye upon it.YuEBao, asthe first kind of product of Internet Banking, has turned up at13th，June,2013.Cooperating with a fund company named TianHong, YuEBao attract consumers byhigher income. By the end of2013，the scale of money in YuEBao has break through18million yuan, and the amount of consumers has been more than43million.The reason of the fast developing about Internet Banking is the advantage of it,such as convience and data base. But the real reason behind the surface is the creditevaluation system of traditional bank and the ifnancial repression under the backgroundof Chinese bureaucracy. The developing of Internet Banking is a new trend, it willchange the old banking system.This paper begins with the development of third-party payment platform, thenanalyzes the development status of third-party payment platform, advantages andshortcomings, as well as the economic value of existing development patterns and therisk of third-party platforms. Third-party payment is the main chain of Internet banking,and also the main factor of driving the emergence and development of Internet banking,so after detailed discussion of third-party payment platform, leads to the Internetifnancial sector. When analyze the relationship between the Internet Banking and thetraditional banking, I have used the method of quantitative analysis. As the developingof Internet Banking just at the beginning，it has less infection on the proift ofcommercial bank. But it will play a more and more important role on the wholeifnancial system.