Analysis Of The Impact Of Third-party Payment On Commercial Banks

With the improvement of information technology,China’s social economy and other undertakings are booming,and the combination of network and financial services —— Internet financial services also appeared in people’s vision,especially the emergence of third-party payment,completely changed the usual way of life,become popular payment mode.Third-party payment has many advantages,such as convenient operation,low service fee rate,wide business scope,low threshold,high efficiency and so on.It is with its unique advantages that third-party payment has attracted a large number of customer groups,quickly occupied the market and achieved rapid development.From 1998 to now,after more than 20 years of vigorous development,the third-party payment system has been quite perfect.At present,the third-party payment system mainly covers payment and settlement,credit card receipt,prepaid card issuance and processing,fund management,etc.It is not difficult to see that some of the services have a crossover phenomenon between the intermediary business of commercial banks,especially because commercial banks attach more importance to deposit and loan business at the beginning of their development,while the development of intermediate business is delayed,so it will inevitably be affected to some extent.According to statistics,the intermediary business income of domestic and foreign commercial banks accounts for about 10% and 40% of the total revenue,respectively.Despite the rapid development,there is still a big difference compared with developed countries.In order to better develop intermediate business and further improve the profitability of commercial banks,we should accept the challenge of third-party payment and find a new way out.Based on this,this paper will on the basis of the existing research,further study the influence of the third-party payment system on the intermediate business of commercial Banks,and the intermediate business and commercial Banks,and systematically study the influence of the third-party payment on different types of intermediate business,and put forward targeted Suggestions,to help commercial Banks better cope with the impact of third-party payment,promote the healthy development of commercial bank intermediate business.The paper makes a theoretical analysis on the basis of the existing literature,expounds the research situation at home and abroad and the corresponding theoretical basis,and introduces the meaning of the third-party payment,its business model,the connotation and classification of the intermediary business of commercial banks,and the influence of the third-party payment on the intermediary business of commercial banks.Then the empirical research,in this paper,selected 16 listed commercial Banks in 2013-2020 in20 intermediate business data,the selected intermediate business covers settlement and clearing business,bank card business,principal and agency business,asset custody business and overall intermediate business,16 commercial Banks into state-owned Banks and his joint-stock commercial Banks two levels,and the overall regression analysis and classification regression analysis.The conclusions were drawn and targeted opinions were provided.