1. Third Party Payment Entering the Financial Market
According to the network data of December 31 last year,
there are 101 official companies, including the 61
enterprise get the payment licenses published by the
central bank. The third-party payment is getting much
closer to our financial life.
What can third-party payment do except shopping and
paying utilities? Miss Song said that after adapted to
use it, the third party payment can meet the need of
basic financial management.
Internet banking is not a new vocabulary today. As an all-day service, the convenience
brought by the third party payment goes without saying. Especially for those who was
born in the 80th and keen on shopping on line, its appeal is obvious. At a time when
there are no barriers to entry the third party payment industry, some of its services
have penetrated into the payment of public utilities, telecommunications, education,
logistics and other fields. With the issuance of a license, some third-party payment
platform with licenses began to get involved in areas such as Internet banking and so
on. The Bank is not the only regular payment channels in traditional sense.
Financial service products which related to the third party payments include funds,
insurance, credit card payments, and mortgage payments. However, when confronting
with the commercial banks which have a good customer foundation, the future of
third-party payments is still unknown.
Opening several well-known third-party payment platforms like PayPal, Alipay and
GlobeBill (www.globebill.com), everyone can see the improvements of the third-party
payment service both in life applications and online banking business.
Under the fierce Competition, each payment company continues to introduce
innovative products to attract customers, such as the “e-wallets, mobile payment
gateway mail payment and V-post payment service” of GlobeBill has shortened the
transaction steps to a large extend, which greatly saves time and costs; While its other
services such as "3D secure” can provide customers with more security and accuracy.
With the fast development of the third-party payment, it will eventually play an
important role in the future finial market.