Third Party Payment Entering the Financial Market                           According to the network data of December 31 l...
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Third party payment entering the financial market

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Transcript of "Third party payment entering the financial market"

  1. 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 ofbasic financial management.Internet banking is not a new vocabulary today. As an all-day service, the conveniencebrought by the third party payment goes without saying. Especially for those who wasborn in the 80th and keen on shopping on line, its appeal is obvious. At a time whenthere are no barriers to entry the third party payment industry, some of its serviceshave penetrated into the payment of public utilities, telecommunications, education,logistics and other fields. With the issuance of a license, some third-party paymentplatform with licenses began to get involved in areas such as Internet banking and soon. 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 confrontingwith the commercial banks which have a good customer foundation, the future ofthird-party payments is still unknown.Opening several well-known third-party payment platforms like PayPal, Alipay andGlobeBill (www.globebill.com), everyone can see the improvements of the third-partypayment service both in life applications and online banking business.Under the fierce Competition, each payment company continues to introduceinnovative products to attract customers, such as the “e-wallets, mobile paymentgateway mail payment and V-post payment service” of GlobeBill has shortened thetransaction steps to a large extend, which greatly saves time and costs; While its otherservices 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 animportant role in the future finial market.

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