Analysis on the Development and Trend of Third Party Payment

Abstract

Abstract. After more than 15 years of rapid development, the third party payment institutions have become an important supplement to the service market in China. It has been innovated in terms of payment channels and payment tools. It has satisfied the needs of the majority of enterprises and individuals in terms of convenience, real-time and credit guarantee. Thus, it achieved rapid development. In addition, it has changed not only the traditional production mode, but also the consumers' traditional payment habit. And it has become a new growth point of the world economy. This paper will analyze the current situation of the development of third party payment platform in China, and make a comparative analysis of the third party payment between China and the United States, to explore the development trends for third party payment platform in three aspects of supervision, biometrics technologies, and financial technology. At last, some suggestions will be put forward on China third party payment platform to further improve.

Research on Price Influencing Factors of Third-Party Payment Platforms: An Empirical Study From China

“…Just as Drugãu-Constantin (2019) and Miricã (2019) synthesized existing studies and investigated the neural correlates of consumer behavior. After more than 15 years of rapid development, third party payment institutions have become an important supplement to the service market in China ( Pu et al, 2018 ).…”