The Impact Of Third-Party Payments On Commercial Banks:Theory And Evidence

Third-party payment has arisen.Third-party payment is quickly accepted by consumers and is increasingly dependent on it because of its convenience,efficiency,low cost,and service to the public.Third-party payment has brought competition to commercial banks and brought cooperation opportunities.Therefore,in order to achieve rapid development,it is necessary to cooperate with each other to achieve a win-win situation.First of all,Make a brief introduction to the development of the third-party payment industry: the third-party payment grows steadily,the competition among enterprises is fierce,and the state's supervision over the third-party payment industry is continuously strengthened.At the same time,through the comparative analysis of third-party payment and commercial banks,the advantages and disadvantages of the two and the competitive cooperation relationship are obtained.Secondly,it analyzes the mechanism and performance of the third-party payment on the business impact of commercial banks,and analyzes the mechanism and performance of third-party payment on commercial banks' liabilities,assets and intermediary business.Then,through the panel empirical model,the impact of third-party payment on commercial banks is analyzed.Through empirical results,the development of third-party payment affects the profitability of all commercial banks,especially the profitability of joint-stock commercial banks,but has less impact on the profitability of state-owned commercial banks.Through the combination of theory and evidence,it is concluded that third-party payment has a negative impact on commercial banks.And put forward the following suggestions: Commercial banks must be accurately positioned,implement differentiated development strategies;pay attention to their own advantages,build the core competitiveness of banks;increase cooperation with third-party payment institutions,expand credit business;vigorously develop commercial bank aggregation Payment,expansion of the bank's mobile payment market,etc.