Study On The Promotion Of The Third Party Payment To Inclusive Finance

Benefit from the rapid development of network information technology and e-commerce in china,the third party payment institution,as a new type of network payment mode,is giving full play to the characteristics of internet finance's low cost,efficient,convenient and inclusive nature which has expanded its transaction size year by year.To some extent,the third party payment makes up for the shortage of commercial banks and become an important driving force for inclusive finance.On March 10,2017,at the "financial reform and development" press conference of the fifth session of the 12th National People's Congress,Zhou xiaochuan,as governor of the people's bank of China,pointed out that the potential for financial development in China is huge and we shall use digital technology to drive the development of inclusive finance.Therefore,this paper will study the relationship between third-party payment and inclusive finance development from the perspective of third-party payment and will strengthen the supervision over third-party payment.In this paper,qualitative and quantitative analysis are used to combine normative description with empirical research.Firstly,the paper studied the theoretical basis of how third-party payment promotes inclusive finance,based on the location of third-party payment and internal core value of third-party payment.Secondly,the paper analyzed the external driving factors by which third-party payment realizes inclusive finance.Thirdly,Through the collection of data and classic case analysis,the effective ways to realization of inclusive finance is illustrated from two dimensions.All this can prove that the third party has a positive effect on the development of inclusive finance.Finally,this paper has raised the existing issues and potential risks of the third party payment and put forward feasible suggestions on how to play the role of third-party payment to better promote the financial development from three aspects of government regulation,credit construction and financial consumer protection.,which has some practical implications.