Industry analysis of third party payment, future development trend of third party payment

Summary. Dear and hello, the future development trend of third-party payment is competition and cooperation with commercial banks. Under the general trend of the gradual completion of the modern payment system, commercial banks play an indispensable role.

However, in addition to commercial banks, third-party payment has also become the leading person of electronic payment.

Dear, bad guess hello, the future development of third-party payment is the competition and cooperation with commercial banks. Under the general trend of the gradual completion of the modern payment system, commercial banks play an indispensable role. However, in addition to the blind commercial banks, third-party payment has also become the leading person of electronic payment.

1.Virtualization of accounts. One day in the future, the account will be cashed, which means that we will be able to access the funds in our account by entering our mobile phone number at the bank's ATM.

At the same time, at the peak of the development of virtual accounts, the medium account will be hit hard, but it will not be completely eliminated, and in the third-party payment system, the virtual account is still the mainstream. Third-party payment will vigorously promote virtual accounts to adapt to customers and meet more needs of customers. 2.

Terminal payments are a trend. Under the overall trend, the future payment terminal will be dominated by mobile phones, supplemented by computers. Bank counters will be marginalized and terminals of all kinds will be used in payment systems, but mobile phones will still have the most powerful payment potential.

3.Migrate to a mobile business model. Under the influence of the mobile business model, the number of mobile payment users is increasing.

On the other hand, the mutual tolerance of computers and mobile phones determines that Internet payment users also come from mobile payment users. From the current point of view, if you want to reduce costs and obtain greater benefits, you need model innovation to form a win-win model. 4.

Small data is better than big data. Although third-party payment does not have as complete and complex information as big data, it is very rich in information, as long as it can be reasonably used and mined, the development of big data in the future is an effective way for third-party payment to maintain competitiveness in the future.

In 2020, the market transaction size continued to grow

In recent years, with the rapid development and popularization of smart mobile terminals and the mobilization of various e-commerce consumer platforms, more use scenarios have been created for the third-party mobile payment dust, which has promoted the rapid development of the industry, thus making the overall transaction scale of China's third-party payment industry continue to grow.

From 2013 to 2019, the scale of third-party payment integrated payment transactions increased from one trillion yuan to one trillion yuan. In the first three quarters of 2020, the scale of China's third-party payment comprehensive payment transactions exceeded 200 trillion yuan, reaching one trillion yuan, and it is estimated that the scale of China's third-party payment comprehensive transactions will reach 280 trillion yuan in 2020.

Forward-looking view: the overseas and B-end market driven industry still has a lot of room for growth

With the increase in the demand for cross-border transactions in China and the promotion of the digital transformation of small, medium and micro enterprises, the third-party cross-border payment and third-party payment B market will become a new engine to drive the growth of the transaction scale of the third-party market, and the transaction scale of China's third-party payment market is expected to continue to grow, and it is expected that by 2026, the transaction scale of China's third-party payment comprehensive payment market is expected to exceed 570 trillion yuan.

——The above data and analysis are from the Prospective Industry Research InstituteAnalysis report on China's third-party payment industry market prospect and investment strategic planning"Pai Regret Sakura.