Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)

Analysis on the Influence of the Introduction of NetsUnion on the Third-party Payment and UnionPay in China

Authors
Qiudan Xing, Jia Hei, Liuye Pu
Corresponding Author
Qiudan Xing
Available Online August 2018.
DOI
https://doi.org/10.2991/icesem-18.2018.285How to use a DOI?
Keywords
Third Party Payment; NetsUnion; UnionPay Direct connection; Broken direct connection
Abstract

This paper deeply analyzes the impact of the network on the launch of the third party payment institutions, analyzes the balance of treasure of the bank card fast payment and Alipay respectively, and finally conducts an in-depth analysis of the network of UnionPay. By means of the literature research method, data collection and simple descriptive statistics, conclusions are reached as follows: (1) CAS is coming soon, which will promote the benign development of the third party payment institutions and effectively avoid the malignant competition in the market. (2) The bank card shortcut payment reduces the cost of the small and medium banks butting the payment institutions, and provides a number of various business innovations for the bank through the network of the Internet connection to the banking system. On the basis, in the future, the withholding channels will obtain compliance channels, which will become "Commercial commission payment" or "commercial commission payment". For UnionPay, the new liquidation model is bound to impact the online business of UnionPay, promote its service quality and accelerate the transformation.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
978-94-6252-557-3
ISSN
2352-5398
DOI
https://doi.org/10.2991/icesem-18.2018.285How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Qiudan Xing
AU  - Jia Hei
AU  - Liuye Pu
PY  - 2018/08
DA  - 2018/08
TI  - Analysis on the Influence of the Introduction of NetsUnion on the Third-party Payment and UnionPay in China
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 1219
EP  - 1223
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.285
DO  - https://doi.org/10.2991/icesem-18.2018.285
ID  - Xing2018/08
ER  -