Research on the Influence and Countermeasures of Third-Party Payment on Commercial Banks—Evidence from China

Third-party payment emergencies improve people's lives, while also having both positive and negative effects on commercial banks. The study finds that the influence of third-party payment platforms on the core business of commercial banks is heterogeneous due to variances in business content and economic policy situations by evaluating the financial data of China's commercial banks over the past eight years. The adaptability and convenience of third-party financial services diversify the number of clients and funding sources of commercial banks, which has a certain negative impact on banks’ liabilities and intermediate businesses. Although the bank's asset-side business has fluctuated greatly, the popularity of third-party payment has played a positive role in promoting financial disintermediation. Based on this, this paper puts forward suggestions for strengthening cooperation between the two parties, innovating financial products, improving user experience, and enhancing risk monitoring. Provide suggestions for commercial banks to carry out Internet integration reform and the future development of third-party platforms.