The Study On The Impact Of Third Party Payment To Banks

Based on the collections and analysis of the domestic and foreign literature on the influence of third party payments to commercial banks,this article discusses the business model and profit model,current status and development directions.Using the volume of third party Internet payment and mobile payment,together with data of commercial banks,this paper conducts an empirical research of third party payment influencing intermediary business of commercial banks,and puts forward relevant countermeasures like implementing differentiation management,enforcing the cooperation with third party payment,applying big data technology and improving innovations.This study not only broadens the range from focusing only on third party internet payment to mobile payment,but also provides countermeasures and suggestions with reference value for commercial banks to make better development in intermediary businesses,which are meaningful for having strong practical guidance.The innovation point of this paper lies in the expansion of study,and there are also more detailed divisions in object of study.This paper collates the semi-annual financial data of 15 banks from June 2010 to June 2017 to build up the panel data,and divide these 15 banks into two groups:big five banks(ICBC/ABC/CCB/CCB/BOC)and other 10 banks and the intermediary businesses of every bank are also divided into 7 categories.By using a panel data regression model,this paper conducts regression analysis on the influence of third-party payment on theses 7 categories.The empirical results show that,as a whole,the third-party payment has no significant impact on the portion of intermediary business accounting for revenue.For the two groups of banks,the five major banks' bank card business,settlement business,and guarantee business are more vulnerable than other banks,and show significant negative impact on third-party payment;the remaining 10 banks only have guarantee business which shows negative relationship with third-party payment,and their agency business have significant positive relationship to both third-party Internet payment and mobile payments,which is contrary to the results of the Big Five.This shows that the traditional intermediary business of joint-stock banks is highly efficient and innovative which make them capable to resist the challenges of third-party payment,and also these joint-stock banks are actively expanding new businesses like the agency wealth management business.