Third-party Payment Research Articles

The Impacts and Measures of Third Party Platform on High School Students’ Consumer Behavior

In recent years, with the development of Internet finance in China, crowdfunding, p2p, digital currency and other financial models have gradually emerged. As a method of Internet finance, third-party payment has gradually developed more and more, and the payment methods of online banking and electronic credit cards are weakening. From the initial use of coin payment to the emergence of a series of third-party payment platforms similar to Alipay and WeChat. This brand-new consumption method has gradually taken root in people's hearts. Moreover, as high school students, we are in the initial maturity stage of physical and mental development, and there are still many gaps in some consumption behaviors, so we have been greatly affected by third-party payments in the context of Internet finance. In this work, I will talk about the impact of third-party payment platforms on the consumption behavior of high school students.

Understanding the adoption context of China’s digital currency electronic payment

Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate users’ willingness to use China’s digital currency electronic payment (DCEP) system, a digital payment and processing network, and its influencing factors by comprehensively considering and comparing the characteristics of cash and third-party payment services. Combining the push-pull-mooring framework (PPM) and task-technology fit (TTF) theory, we discuss the scenarios and mechanisms that may inspire users’ DCEP adoption intention through an empirical study. The results reveal that privacy concerns regarding the original payment methods and technology-task fitting level of DCEP positively impact users’ willingness to adopt DCEP. The technical characteristics of DCEP, users’ payment requirements, and government support positively affect users’ adoption intention by influencing the task-technology fitting degree of DCEP. Switching cost significantly and negatively impacts adoption intention, whereas relative advantage exhibits no significant effect. This research contributes to a better understanding of the factors that influence switching intentions and the actual use of DCEP, and provides policy guidance on promoting the efficiency and effectiveness of DCEP.

Analysis of the Impact of Third-party Payment on Currency Demand

With the rapid popularization of mobile Internet, mobile offline third-party payment has penetrated into all aspects of daily transactions, and has a profound impact on people's consumption habits, payment methods and original financial management concepts. According to the view of network economy in microeconomics, the growing third-party mobile payment has produced considerable positive network externalities. With the continuous expansion of payment scope, payment objects have produced economies of scale, and marginal costs have fallen, thus obtaining considerable competition. force. As the direct target of third-party mobile payment, cash is inevitably replaced. Previous researches usually focused on macroeconomic indicators such as currency creation multiplier and cash leakage rate for mobile payment for macro analysis. This article will analyze the corresponding changes in different types of currency demand under the continuous impact of third-party payment according to the classification of currency demand levels, and explore the impact of the resulting monetary demand structure and the impact on the role of macro monetary policy.

Closed External Trauma of the Larynx: About Four Cases Collected in Bamako

Objective: The purpose of our work was to review through four observations the mechanisms of injury, the main signs calling for classification in the management of blunt external trauma to the larynx in a hospital of last resort in Mali. Observations: We reported a series of four cases of blunt external trauma to the larynx, all of which occurred in the context of a public road accident (AVP) with reception of the shock at the level of the anterior part of the neck. Dysphonia was the most constant sign, it was associated with dyspnea. All our patients had benefited from a Nasofibroscopy or a direct laryngoscopy and a pharyngolaryngeal computed tomography allowing them to be classified according to the classification of Schaefer and Fuhmann. A patient with arytenoid dislocation underwent endoscopic reduction. Exploratory cervicotomy was performed in one patient. Conclusion: Adequate management of external trauma to the larynx requires a structured, rapid and precise diagnostic and therapeutic approach. This constitutes a challenge in our context where the mobilization of the patient and the diagnostic means (nasofibroscopy or a direct laryngoscopy, pharyngolaryngeal computed tomography) in the absence of third-party payment are part of a course of overcoming obstacles.

Future Directions in Endodontics

Headlines Dental practitioners should have better communication with the patients about treatment goals and prognosis or refer to a specialist at the appropriate time without delays to achieve optimal treatment outcome. Research must not only concentrate on innovations which may interest stakeholders with short-term benefits but on randomized studies, to compare with existing materials, to prove their superiority in clinical outcomes. We need better knowledge to understand dental pain mechanisms, management of pain sensation, control and eradicate infection. Recruitment of students with outstanding performances by educational institutions in a competitive job market is a challenge that needs to be addressed. The cost of dental treatment, including endodontics, may call for increased third-party payment by government or private insurance schemes. By studying the cost-effectiveness of treatment, current systems may need to be reviewed.

Analysis of the Marketing Strategy of Alipay Payment Method under the Internet Economy

With the rapid development of mobile payment, third-party payment platforms as well as payment services continue to innovate. The emerging payment methods have not only changed consumers' daily life, but also cultivated their consumption habits. More and more domestic and foreign companies are joining the market competition. Facing the complex market environment, how to seize the market becomes the goal of all companies. The Alipay platform stands out among many third-party payment platforms and has become the largest mobile vendor in the world. The research theme of this paper is to study the marketing strategy of Alipay, and to analyze the existing marketing problems of Alipay and to suggest solutions. This paper is based on the theories of mobile payment, marketing strategy, and user stickiness, and the current situation of Alipay to analyze the marketing strategy. Through extensive literature reading and data compilation, Alipay's marketing strategy is divided into six aspects: living payment ecosystem, fun marketing, cash withdrawal exemption, unique business, monopoly exclusivity, and transaction security. Finally, based on the above analysis, this paper makes three suggestions on how to improve Alipay's marketing strategy: strengthen the publicity work to make more consumers use Alipay with peace of mind; carry out market segmentation and provide personalized service to customers; improve product competitiveness and create brand effect.

Impact of Third-Party Payment on Commercial Banks' Intermediary Business and Empirical Analysis

This paper describes the impact of third-party payments on commercial banks' intermediary business, and collates the relevant data of third-party payments and commercial banks' intermediary business, and makes an empirical analysis for the impact of third-party payments on commercial banks' intermediary business during 2016-2020, and conducts a panel data regression on the top ten domestic commercial banks by analyzing the type of data, and arrives at the result that third-party payments have an inverse relationship with commercial banks' intermediary business.

Research on the Risk and Management Countermeasures of Self-money Laundering in Third-party Payment—Taking WeChat Payment as an Example

Research on the Risk and Management Countermeasures of Self-money Laundering in Third-party Payment—Taking WeChat Payment as an Example

Research on Credit Risks and Countermeasures of Cross-border E-commerce in China

Under the influence of the novel coronavirus, China's cross-border e-commerce has rapidly developed. At the same time, entities of cross-border e-commerce transaction have brought a series of credit risks in order to maximize their profits, which has hindered the sound development of China's cross-border e-commerce. On the basis of combing the relevant research literature, this paper analyzes the current development statusand credit risk of cross-border e-commerce, and proposes to reduce the credit risk of cross-border e-commerce and promotes the healthy and sustainable development of China's cross-border e-commerce in terms of building a credit evaluation mechanism for sellers in cross-border e-commerce, perfecting the regulatory system of cross-border e-commerce platforms, constructing a third-party payment security system for cross-boder e-commerce, improving the logistics service system across the border and giving play to the supervision and management role of the government.

The Impact of Payment Innovation on Narrowing the Urban-rural Gap

With the rapid development of fintech, mobile payments is rapidly being widely used in China. As a financial and economic connection point, vigorously developing the payment system is the inevitable choice to narrow the gap between urban and rural areas. Based on this, this study attempts to establish a random effect model in panel regression to analyse the impact of the development of third-party payment on the urban-rural income gap of 31 provinces and municipalities from 2013 to 2020 in China. The results show that the growth of third-party payment scale has a positive effect on narrowing the urban-rural income gap. Therefore, this paper suggests that increasing the construction of rural mobile payment is of great significance to improve farmers’ income. And finally puts forward the specific path of mobile payment construction.

Factors Affecting Consumers’ Intention in Vietnam-China Cross-border E-commerce: An Empirical Study in Hanoi, Vietnam

In the era of innovative technologies, the physical border is no longer a concern in exchanging goods thanks to the widespread use of internet connections. On this basis, the study explores the determinants that impact cross-border online consumers’ purchase intentions in Hanoi, Vietnam. As fundamental ideas, the Theory of Planned Behavior (TPB) and the Technology Acceptance Model (TAM) are integrated with the influence of the Regional Comprehensive Economic Partnership (RCEP). The examined factors consist of Consumer Attitude, Subjective Norms, Perceived Behavioral Control, Perceived Usefulness, Perceived Ease of Use, Perceived Risk, Trust, and RCEP. The research was conducted on a survey questionnaire of 253 online shoppers in Hanoi who have experienced cross-border purchasing. The data was processed using several statistical methods, namely descriptive statistics, exploratory factor analysis (EFA), correlation analysis, and regression analysis. The analysis reveals that Consumer Attitude, Subjective Norms, Perceived Behavioral Control, Perceived Usefulness, Perceived Ease of Use, and Trust have a positive influence on the consumer’s intention to cross-border e-commerce (CBEC), while perceived risk and RCEP do not exert any force on the intention. Among these variables, Risk perception and trust have been demonstrated to have the most significant impact on online purchase intention. The outcomes of the study indicate that online retailers or intermediaries adopt a third-party payment processor and publish policies to protect consumers’ private information. It is also suggested that the government should educate the public on the benefits of RCEP, implement the relevant policies, and provide guidance for the sellers to follow to utilize the advantages of RCEP.

Flexible Rent Payment Options for Tenants

The amount of pressure that tenants are experiencing to make timely rent payments has also influenced the need for flexible rent payment solutions. The conventional rental structures where tenets are expected to remit rent in full on the first of every month are also partial since many renters have irregular income patterns, such as those paid biweekly or weekly. These gaps have been further amplified by actionable factors such as the increase in living standards, volatility of income, and contract work. Analyses like the one conducted at the Joint Center for Housing Studies at Harvard show that most renters are "cost-burdened," paying more than 30% of their income on rent. This article also covers renters' financial vulnerability, including unstable income, disharmonization pay cycle, and sanctions for delayed rent, such as credit history deterioration, eviction, and damaged relations with a landlord. The discussion continues regarding the current payment solutions, such as third-party apps, auto-payments, and payment methods proposed by the landlord, with the pros and cons highlighted. Subsequently, the ability of flexible payment systems to mitigate tenants' cash stresses and prevent eviction is evaluated. The article also discusses the possibilities of future trends in rent payment flexibility, such as new technological advancements, implementation of subscription-based services, and changes in policies that can foster the improved utilization of flexibility in payment. Finally, tenants and landlords are given guidelines to guide individuals in the changing structure of rent payment choices and enhance living conditions.

The Study of Cross-Border Trade with Third-Party Payment Institutions in China

The cross-border Renminbi (RMB) business volume of third-party payment institutions makes up a small share of China’s total cross-border business, but there is still an absolute amount of trade that cannot be disregarded. The third-party payment institutions are subject to policy restrictions in the process of seeking development and business promotion and hope to obtain policy support in the business, transaction amount limit, identification, and other aspects. Recently, China has made a strict policy for third-party payment institutions and warned against issuing any new licenses concerning payment. On the other hand, 39 payment institutions’ licenses have been canceled for various reasons. Under the premise that strict supervision becomes normal, all payment institutions should be more cautious to develop businesses legally.

Research on Price Influencing Factors of Third-Party Payment Platforms: An Empirical Study From China.

In this article, we use the two-sided market theory as a support and take the operating data of eight Chinese third-party payment platform companies as samples, based on pricing models and multiple regression analysis, to build a price feature model for a third-party payment platform. The results show that under the two-sided market environment, the scale of consumer and the same-side network externality of the merchant have a negative significant effect on the pricing of the third-party payment platform to the seller; The market share of the platform and the bank fee cost of the platform have a positive significant effect on the pricing of a third-party payment platform to the merchant. At the same time, the same-side network externality of the seller, the scale of a merchant, and the selection of the business model of the platform have no significant effect on the pricing of the third-party payment platform to the merchant. These conclusions provide a scientific basis for a third-party payment platform enterprise to develop an appropriate pricing strategy and operating model.

Anti-monopoly supervision model of platform economy based on big data and sentiment.

With the advent of the cloud computing era, big data technology has also developed rapidly. Due to the huge volume, variety, fast processing speed and low value density of big data, traditional data storage, extraction, transformation and analysis technologies are not suitable, so new solutions for big data application technologies are needed. However, with the development of economic theory and the practice of market economy, some links in the industrial chain of natural monopoly industries already have a certain degree of competitiveness. In this context, the article conducts a research on the anti-monopoly supervision mode of platform economy based on big data and sentiment analysis. This paper introduces the main idea of MapReduce, the current software implementation specifies a Map function that maps a set of key-value pairs into a new set of key-value pairs. It specifies a concurrent Reduce function that guarantees that each of all mapped key-value pairs share the same set of keys. establishes a vector space model, and basically realizes the extraction of text emotional elements. It introduces the theoretical controversy of antitrust regulation of predatory pricing behavior of third-party payment platforms, and conducted model experiments. The experimental results show that the throughput of 40 test users in 1 h of test is determined by two factors, QPS and the number of concurrent, where QPS = 40/(60*60) transactions/second. The time for each test user to log in to the system is 10 min, and the average response time is 10*60 s, then the number of concurrency = QPS*average response time = 40/(60*60)*10*60 = 6.66. This paper has successfully completed the research on the anti-monopoly supervision model of platform economy based on big data and sentiment analysis.

How Does Financial Technology Affect the Credit and Risk of Commercial Banks in China?

Purpose - Fintech integrates the characteristics of “finance + technology”, applying emerging technologies such as big data, cloud computing, artificial intelligence, and blockchain, leading to a great challenge to existing financial service providers. With the rise in development of financial technology, Chinese fintech firms and online payments including third-party and mobile payments systems have attracted worldwide attention. Therefore, this paper aims to study the potential impact of financial technology on the traditional credit business of the banking sector from the perspectives of credit expansion and risk-sharing. Moreover, this study also explores how fintech influences Chinese commercial banks with the moderating effect of corporate governance. Design/Methodology/Approach - The study used a firm-level panel data of 34 Chinese banks over a period of 10 years from 2011 to 2020. The study applies a fixed regression method for hypotheses examining the relationship between fintech development and the credit supply and risk-taking of commercial banks. Findings - The results indicate that the development of fintech has significant impacts on the scale of credit loan and the level of risk bearing. Further research finds that board independence as a moderator positively and significantly influences fintech and bank credit loan scales, while board independence positively but insignificantly affects fintech and risk control in the banking sector. Research Implications - This paper enriches our understanding of the impacts of fintech on traditional financial institutions, and provides a new method for the operations of the banking sector. In addition, this paper provides a new research perspective for managers, especially in Chinese banking, to expand credit business under the moderating role of corporate governance mechanism.

모바일 핀테크에서 금융서비스가 사용 의도에 미치는 영향에 관한 연구

The world's ICT technology develops, the application of new technology will facilitate the change and development of the financial industry into universal, microfinance and wisdom financing by providing services to niche markets. Therefore, it is necessary to analyze which factors affect the intention of users using FinTech-based mobile asset management. Starting from a third-party payment tool, but now, Alipay, which has been transformed into a new asset management tool, we conducted an empirical analysis of how financial service characteristics affect customer intention on mobile FinTech. Empirical studies were conducted after reviewing previous studies on financial service characteristics, customer satisfaction, and use intention. Collected data were analyzed using SPSS 22.0 as basic statistics and Smart PLS 2.0 (Partial Least Squared) using structural equations. The research results are as follows. First, the characteristics of financial services (convenience, benefit, security, and flexibility) had a significant effect on customer satisfaction. Second, customer satisfaction had a significant effect on use intention. This means that in order to settle in the market, it is essential to establish differentiated financial services in a rapidly changing business environment. In order to attract customers in the mobile market, it is necessary to actively use the characteristics of financial services.

Key Points of Supervision of Third-Party Payment Business: A Comparative Analysis of Mainland China and Macao

Mainland China has witnessed remarkable achievements in payment innovations based on internet and financial technologies in recent years, whereas Macao has made little progress in financial technologies, especially in payment technologies. Based on the concept and types of third-party payment business in mainland China and Macao, as well as to investigate the causes for Macao’s lack of innovation in third-party payment, this study compares their differences from two aspects: business licensing authorities and key points of supervision. By comparison, although the classification and methods of third-party payment businesses are different between mainland China and Macao, they are all managed and licensed by a unified supervision department. Moreover, the key points of supervision in both places are similar, but unlike mainland China, which takes financial risk prevention as the principle and financial technology as the means to encourage innovation, Macao showed obvious deficiencies. In order to further deepen the connection between the financial markets of mainland China and Macao as well as boost financial technologies in Macao, this study aims to provide some suggestions and references for the development of cross-border payment systems.

Direct out-of-pocket expenditure of tuberculosis treatment in intensive phase in Kalutara District, Sri Lanka

BackgroundTuberculosis (TB) is a communicable disease. Financial risk protection is a key target to achieve in end TB strategy. Out-Of-Pocket Expenditure (OOPE) consisted of expenses bore by patients for their illnesses after subtracting third-party payments such as insurance. Despite the free health care in Sri Lanka, TB patients have to pay for various expenses (e.g., expenses for travel, food, drugs, medical investigations, and cost of accompanied person/bystander). ObjectivesThe main objective of this study was to estimate direct OOPE and find the association between direct OOPE and noncompliance to TB treatment in intensive phase. MethodsA cross-sectional study was conducted with TB patients who were registered in Kalutara-district chest clinic for period of six months (n = 267). Interviewer-administered questionnaire (consisted of sections on socio-demographic characteristics, treatment compliance, sources and amount of OOPE, etc.) was used to collect data. Mean median, minimum, maximum and interquartile range were calculated in each component of OOPE. ResultsQuestionnaire were administered for 252 patients (male = 160, 63.5%). Mean total direct non-medical cost for one DOTS visit (without accompanied person) was 435.40 (IQR = 420.00) Sri Lankan Rupees (SLR) (i.e., 2.45 United State Dollars (USD)). A patient without an accompanying person spent 26124.00 SLR (435.40 per day into 60 days) (i.e., 146.76 USD) for transport and food during the intensive phase. During the intensive phase, the mean medical cost for one patient was 6444.66 LKR (IQR = 6400) (i.e., 36.21 USD). OOPE was not associated with noncompliance to TB treatment in intensive phase (p = 0.29). ConclusionsThere was no association between OOPE and noncompliance. The direct OOPE for TB treatment in the intensive phase was high. Therefore, it is necessary to develop strategies to reduce OOPE during TB treatment especially in intensive phase.

Outpatient Psychiatric Care Not for the Poor—What Is Our Obligation?

Outpatient Psychiatric Care Not for the Poor—What Is Our Obligation?