Third Party Payment Entering The Financial Market

Online, March 30, 2012 (Newswire.com) - 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 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.