Research On The Impact Of My Country's Third-party Payment On The Intermediate Business Of Commercial Banks

In modern society,with the development of science and technology as well as the change of ideology,Internet technology has been gradually recognized and accepted by everyone.Nowadays,Internet technology has been inseparable from us and penetrated into every corner of our life.In that context,e-commerce has developed rapidly,and online shopping is becoming more and more common.Meanwhile,as traditional payment methods can no longer meet the needs of consumers,they have higher requirements for payment methods so that third-party payment emerged at the historic moment,meeting consumers' demand for fast and safe payment methods.Thereafter,the third-party payment in China continues to grow and expand its business scopes through business innovation.The business intersection between the third-party payment and commercial Banks is also gradually increasing during the process.At the same time,with the promotion of interest rate liberalization,the traditional business income of commercial Banks,such as deposit and loan spread income,has been negatively affected to some extent.At that time,commercial Banks gradually realized the importance of intermediate business income to their own profits.Therefore,faced with the development and growth of third-party payment enterprises,commercial Banks have gradually realized the importance of competing and cooperating with third-party payment enterprises.In this context,the author analyzes and discusses the opportunities and challenges brought to commercial Banks by the rapid development of third-party payment from the perspective of commercial Banks and puts forward relevant Suggestions to commercial Banks in order to cope with the rapid development of third-party payment.Firstly,the author elaborates on the third-party payment,commercial Banks' intermediary business and the influence between them from the theoretical perspective.(1)make a detailed analysis of the status quo of third-party payment and intermediary business of commercial Banks through the annual reports of commercial Banks and major databases.Then,based on the current situation of China,the development of third-party payment and the development trend of commercial Banks' intermediary business are prospected.(2)the reasons for the rapid development of third-party payment in China are analyzed in detail,and the opportunities and challenges faced by commercial Banks are elaborated on this basis.Secondly,through the panel data model,which in turn will be the third party mobile payment and Internet payment as explained variable,intermediate business income(commissions and fees),bank card income proportion,agent business income accounted for,settlement and liquidation income is accounted for as the explained variable in the empirical analysis,to analyze the third-party Internet payment and third party mobile payment on commercial bank middle business income differences and on the basis of the analysis of the influence of the third party payment influence on the structure of the intermediate business of commercial bank.Finally,according to the current situation of China,the author proposes relevant suggestions to Banks from two aspects,namely,the internal environment of commercial Banks and the external environment of banks to achieve rapid development of banks themselves in today's rapid development of third-party payment.