Cooperation Than Competition---Relationship Between Third-party Payments And Banks
Online, March 29, 2012 (Newswire.com) - Involved in corporate finance business from the consignment funds, insurance and other financial products are gradually expanding to the territory of third-party payments business. Under this situation, the relationship between third-party payment and the bank has become much more intense. Competition or cooperation is a big problem in the coexistence situation. To this point, the industry source said that the division of labor will be the next big trend.
According to Chinese Commercial News reporter, there are 101 companies having licenses issued by the Central Bank for and another 140 are in the public stage. A third-party payment agency staff admitted that, although there is no payment for business or official data showed that the average profit margin is rising, the intensive competition in the industry is obvious. The license is just a stepping stone, there are also needs to explore the development of third-party payment agencies actively.
An insider said that according to the number and speed of central bank's license publishing, the license resources are clearly not as valuable as the previous forecast .To the agencies that get third-party payment licenses at first, the meaning will be less significant.
In recent years, third-party payment industry has always maintained a strong momentum of incremental development, specially the last year. With the publication of the last year, the third party payment services which get the official approach greet good opportunities to flourish. Data show that 2011 third-party payment industry like PayPal and Globebill continue to maintain strong growth.
Although the rapid development of third-party payment industry has whipped up a whirlwind in the economy industry, the payments industry still bears the potential risks. Member of the CPPCC National Committee, China Construction Bank Credit Card Center general manager Zhao Yuzi came up with a proposal in the two conferences this year that the development of third-party payment agencies is not yet mature. It is recommended that the People's Bank to strictly control the number of licenses.
Quick money, the company's CEO Guan Guoguang said earlier that three changes come up after the payment license are issued in turns: Firstly, cross-orientation is more obvious and companies began to seriously think about positioning after getting a license; secondly, companies began to consider how to avoid the homogenization of competition by the innovation of products; thirdly, the possibility of the issuance of comprehensive license is becoming much smaller and the industry access threshold has been improving.