Third party payments to promote financial services diversification

The internet has developed in China for more than 10 years, from the information gradually to entertainment, and today is moving towards the transaction. The internet has become increasingly strong in its social attributes, and the online payment industry, which is closely related to people's life, is growing continuously, and it will face great opportunities and challenges of internet compared with the traditional financial industry.

Yeepay paid CEO Tang said that the financial industry is inevitable to open up, information finance combined with the trend of Internet transactions, in China, there will be very large space, in the two years with the rapid development of the Internet, financial services will certainly be from a single shift to pluralism.

After issuing third party payment licences, the People's Bank is loosened by policy restrictions, and the third party payment enterprises have "killed into" the more broad market stage of the receipts business and participated in the financial games with only a few players in the past. If the Life class payment is hundreds of millions of level market, the business class payment is the trillions of level market, then the financial class payment is the number 10 trillion level market.

The internet will pay companies into the financial sector, and in the more core financing areas, there has been a figure of internet companies. The characteristics of resource allocation in Internet Finance mode are: The information of capital supply and demand is directly posted and matched on the internet, and the supply and demand are directly connected and matched without the intermediary of bank, brokerage or exchange.

It is understood that, as one of the first to obtain the People's bank issued a licence to pay the company, Yeepay pay annual performance is also steadily developing. The current annual revenue is about 1 billion yuan, of which 80% comes from online payments and the remaining 20% from marketing and credit operations. "Yeepay payment has been paid to the SFC's fund sales and settlement permits, financial services will be the company's future development of one of the key points." "Tang said.

In the Internet financial model, because there are search engines, large data, social networks and cloud computing, market information asymmetry degree is very low, the transaction both sides in the fund deadline matching, the cost of risk sharing is very low, banks, brokers and exchanges and other intermediaries do not work; loans, stocks, The issuance and trading of bonds, as well as the payment of coupons, are carried out directly on the Internet, which is fully effective and close to the non financial intermediary state described in general equilibrium theorem. In this mode, the payment is convenient, the search engine and social network reduce the information processing cost, the capital supply and demand both sides direct transaction, can achieve with the present capital market direct financing and the bank indirect financing same resource allocation efficiency, and promotes the economic growth, simultaneously, reduces the transaction cost substantially.

With the penetration rate of mobile communications equipment exceeding that of the regular financial institutions, the total global mobile payment amount is $105.9 billion trillion for 2011 years, which is expected to grow at an annual rate of 42% per cent for the next 5 years and will reach $616.9 billion in 2016. In Kenya, the mobile payment system Pesa The sum of all its domestic financial institutions and extends to basic financial services, such as deposit and loan, and is not run by commercial banks.

In fact, Yeepay payment has launched the "easy to buy" platform to carry out the fund payment business, silver China Fund (blog, Weibo) and so on in April through the Platform Sales Fund. In addition, Yeepay payment in the industry to pay the same time, for the enterprise to provide small credit, to solve the short-term financial problems of some enterprises.

Tang said that information finance combined with the trend of Internet transactions, there is still a lot of space in China's development, web-based traditional services do not go far enough. Yeepay such enterprises combined with the Internet, will make small and medium-sized enterprises more profitable space. Diversified financial services will be very helpful to economic development.