Invisible challenges in third party payment

1. the safety risks:
The one hand, the third-party payment service providers due to the core through the online payment service, any one of the industry chain appears a security risk, are likely to be passed on to the payment platform; the other hand, the rapid changes in network technology, for the provision of wallet payment service providers, the level of their security can not be lower than the level of the bank to continue to invest time credit card processing gateway monitoring, emergency treatment of a variety of disputes. Foreign payment to the operating budget, a considerable proportion of the income is put to the input of the security and safety disputes, the context of virtually no profit for the domestic third-party payment providers, the risk of this uncertainty, but also increased the pay to the operating pressure.

2. the risk of the policy:
In the case of low-level competition and diversification of the payment needs of asymmetric to pay for management and development of the inevitable attempt to carry out a variety of financial services, and policy factors on the main payment provider qualifications and the scope of services Uncertain impact on input distortion and the level of service, while making some of the services, the source of the industrial chain and the cooperation of the business side is also a mix of more man-made factors. Policy uncertainty and the monopoly of the sector resources to increase the rent-seeking and distortions service With the rapid increase of the volume of services and users, the business risk of imminent.

Pay the market structure is still not formed, and its changes in the pattern and industry chain on every aspect of national policy has a great relationship. Such as policies and initiatives of the Central Bank of virtual currency and online payment services, online banking strategy and the possibility of Union Bank, various types of telecom operators, Internet operators, e-commerce platform in the alliance of the online payment services merchant processing and self-development initiatives and so on. No matter how the market structure transformation, SMEs and focus on the main business of large and medium-sized enterprise market, is still an important direction for third-party payment service providers. Third-party payment market is not only not be squeezed, and the rapid development in the process of self-innovation and breakthrough, and China, including Internet and e-commerce, including the development of various industries, played the supporting role is difficult to substitute.