Analysis on the Development and Trend of Third Party Payment

DOI

10.2991/emehss-18.2018.88How to use a DOI?

Keywords

Third Party Payment; Mobile Payment; Policies and Regulations; Supervision.

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.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Guangning Pu
AU  - Xiu Tang
AU  - Yanqi Wang
PY  - 2018/03
DA  - 2018/03
TI  - Analysis on the Development and Trend of Third Party Payment
BT  - Proceedings of the 2nd International Conference on Economics and Management, Education, Humanities and Social Sciences (EMEHSS 2018)
PB  - Atlantis Press
SP  - 440
EP  - 444
SN  - 2352-5398
UR  - https://doi.org/10.2991/emehss-18.2018.88
DO  - 10.2991/emehss-18.2018.88
ID  - Pu2018/03
ER  -