Research On The Third-part Online Payment Risk From The Perspective Of Government Supervision

As a new payment innovation industry, Third-party online payment industry have been developed rapidly since the 20 th century, according to People’s Bank of China data show that only the second quarter of 2015,third-party online payment transaction amount is 20.66 billion, amounting to 110,600 billion with an annual growth rate of the last five years more than 100% [People’s Bank of China: "2015 second quarter general situation of the payment system", July 2015, http: //www.pbc.gov.cn. ]. Third-party online payment industry’s rapid development effectively make up the traditional banking financial institution payment service in the field of vacancies, but at the same rapid development, regulatory tools and policy implementation lag is not in place, may lead to potential risks. This paper focuses on the risk management of third-party online payment industry from the perspective of government regulation.Before the promulgation of the "non-financial institution payment service management approach" in the People’s Bank of China, third-party online payment industry basically in a state without supervision. with the continued opening up of the payment services market, third-party payment agencies, as market players more extensive participation competition in the payment services market, and increasingly close contact with the majority of people living. Once the third-party payment agencies generate financial risk, it is possible to make the public interest have been infringed, and even lead to the risk of large-scale events. So it is very important to increase the risk control of the third-party payment industry from the government level, and it has great practical significance.The methods I use in this paper are literature research, comparative analysis,qualitative analysis and quantitative analysis. Through research and learn from literature and foreign advanced third-party online payment regulation mode, this paper analyze the problem and development status of third-party payment, select the industry’s most prominent of the six risk areas to build evaluation index system based on the key of risk control, set the risk metrics of third-party online payment. And for other aspects of government regulation, the author proposes some suggestions for controlling risk.