Research On Risk Prevention Of Cross Border E-Commerce Payment Of Commercial Banks In China

Recent years,the import and export volume of China’s cross-border e-commerce is mushrooming.In 2020,the world economic is slogging along,China’s foreign trade has to face a lot of challenges.However China’s cross-border e-commerce which as part of China’s foreign trade still achieved leapfrog growth,and may become a new growth point of cross-border trade.The rapid growth of cross-border e-commerce business shows a huge demand on cross-border payment,which make commercial banks find new opportunities in this field.At present,commercial banks,mainly as partners of third-party payment structures,indirectly carry out payment and settlement business of cross-border e-commerce.In this business model,commercial banks only provide settlement services and can not maximize benefits.With the rapid development of cross-border e-commerce industry and the continuous improvement of regulatory policies,more and more commercial banks begin to actively layout cross-border e-commerce payment business.However,in a complex and multidimensional environment,how to meet the fragmented and high-frequency business needs of cross-border e-commerce and effectively avoid business risks has become an important issue in front of commercial banks.To begin with,this paper combs the relevant concepts,then summarizes the risks and characteristics of cross-border e-commerce payment by combining the risks of traditional cross-border payment with the characteristics of cross-border e-commerce payment.In addition,this paper analyzes the reasons for traditional risk prevention system can not meet the needs under the cross-border e-commerce payment according to the commercial banks’ traditional risk prevention system.Furthermore,the author introduces three existing risk prevention methods for cross-border e-commerce payment and compares their advantages and disadvantages after analyzing their operation mechanism.Last but not least,after analyzing the pilot cases of commercial banks,the author gives the opinion that the regional platform method is more suitable for commercial banks at this stage.Commercial banks provide cross-border payment services for cross-border e-commerce merchants,which can bring rich customer resources to commercial banks.The capital precipitation brought by relevant settlement volume also helps to form low-cost liabilities of commercial banks and bring comprehensive benefits to commercial banks.However,the research also found that although the current regional platform method can better meet the business needs of commercial banks,it also needs to be seen that under the background of the rapid development of financial technology,the development of the Traceability Method and the Blockchain method has also maintained a good momentum,and there are still many ideas and methods worthy of reference and adoption by commercial banks.The cross-border e-commerce business is still developing continuously,and the characteristics of high frequency will become a new bottleneck for commercial banks.Based on this,this paper gives suggestions from three aspects to promote commercial banks’ ability of cross-border e-commerce payment business’ s risk prevention.