On Developing China's Third Party Payment

摘要

The development of the third party payment, which enhances electronic commerce's development greatly, provides a secure, efficient, convenient and low-cost way to transfer funds between the seller and the buyer. With fast development of electronic commerce and fierce competition in the third party payment market, the central bank of China sets about granting profession licenses to related companies. This paper theoretically analyses the third party payment's development situation, operation mode and operation feature, and then offers strategies to develop China's third party payment.