Comparison between the third-party payment platform business and personal financial business of traditional commercial banks in China

As a new online transaction means and credit intermediary, third-party payment not only has the function of transferring funds, but also can restrain and supervise both parties to the transaction, which has been recognized by the majority of merchants and customers. There is a certain complementary, cooperative and even competitive relationship between the third-party payment and the business of commercial banks. It is of practical necessity and significance to study the influence of third-party payment on commercial banking and its response analysis.