第三方支付行业市场及业务创新研究

发布时间：2018-05-29 23:13

本文选题：第三方支付 + 供应链金融　；参考：《复旦大学》2014年硕士论文

【摘要】：近年来,藉由互联网经济如火如荼地发展,第三方支付行业在我国迅速成长,其市场规模日益扩大,与人民群众的生活联系越发紧密,特别是2013年,由于一系列与金融行业的联合创新,引起了金融市场、监管机构和传统金融机构的广泛关注。这一行业传统的支付清算功能兼具金融属性和数据属性,随着行业内同质化竞争的加剧和与传统行业利益冲突表面化,许多第三方支付企业通过进入细分领域提高自身竞争力,扩大市场份额,提高利润水平。其中,许多以企业客户为主的第三方支付企业开展了以供应链金融服务为代表的增值服务。与传统金融机构不同,第三方支付机构开展此类业务依托企业的历史交易数据对信贷风险进行评估,以其销售回款作为抵押,通过供应链上下游具有一定实力的核心企业为贷款资产包增信,成功地为小微企业融资,特别是第三方支付机构的既有客户融资,开辟了新的渠道。前不久闭幕的两会上,对于包括第三方支付在内的互联网金融持鼓励态度,对其在国民经济中发挥的积极作用予以了充分肯定。行业监管系统和行业自律体系都在不断建设,稳步发展过程中,对行业环境稳定和长期健康发展具有重要积极作用。但是,作为具有金融功能的非金融机构,第三方支付企业的风险控制能力一向为人质疑。目前没有第三方支付机构披露其信贷风险控制的具体操作方法,对于基于非结构数据开展的新型贷款业务,尚缺乏相应的风险评估和风险定价定量研究。本文结合互联网金融和供应链融资模型成果,对其供应链金融业务进行建模分析。通过选取几类特殊的需求分布进行检验,验证了供应链均衡解的存在,希望能够对以后针对第三方支付行业的风控研究有所裨益。本文首先介绍了第三方支付行业在中国的发展历程和学术研究成果,说明了本文写作的必要性和创新性；接下来在对第三方行业整体进行PEST分析的基础上介绍了第三方支付行业各类业务的业务形式、发展现状和市场前景；随后集中论述了第三方支付行业面临的一些问题；然后对供应链金融业务进行建模分析,通过对几类常见需求量分布的检验,验证了供应链均衡解的存在,发现第三方支付机构可以针对每一笔贷款设置使自己得到最大化利润的贷款利率。这一结论充分证明了第三方支付机构客制化成本低的特点,如果有完善的风控模型指导实践,可以实现风险的精细化管理。最后,本文对第三方支付行业在我国的发展前景作出乐观预测。
[Abstract]:In recent years, with the rapid development of the Internet economy, the third-party payment industry has grown rapidly in our country, and its market scale is expanding day by day, and it is more and more closely connected with the life of the people, especially in 2013. As a result of a series of joint innovation with the financial industry, financial markets, regulators and traditional financial institutions have attracted wide attention. The traditional payment and clearing function of this industry has both financial and data attributes. With the intensification of homogeneous competition in the industry and the superficial conflict of interests with the traditional industry, many third-party payment enterprises improve their competitiveness by entering the subdivision field. Expand market share, raise profit level. Among them, many third-party payment enterprises, which are mainly enterprise customers, offer value-added services represented by supply chain financial services. Unlike traditional financial institutions, third-party payment agencies conduct such operations on the basis of the historical transaction data of the enterprise to assess credit risk and use its sales return as collateral. Through the supply chain upstream and downstream core enterprises with a certain strength to increase credit for loan assets, successful financing for small and micro enterprises, especially for the existing customers of third-party payment institutions, opened up a new channel. The two sessions, which closed shortly before the end of the session, encouraged Internet finance, including third-party payments, and fully affirmed its positive role in the national economy. The industry supervision system and the industry self-discipline system are being constructed continuously, and in the process of steady development, it plays an important and positive role in the industry environment stability and long-term healthy development. However, as a non-financial institution with financial function, the risk control ability of third-party payment enterprises has always been questioned. At present, there is no specific operation method of credit risk control disclosed by third-party payment organizations, and there is still no corresponding risk assessment and risk pricing quantitative research for new loan business based on unstructured data. Based on the results of Internet finance and supply chain financing models, this paper models and analyzes its supply chain finance business. By selecting several kinds of special demand distribution to verify the existence of supply chain equilibrium solution, it is hoped that it will be helpful to the future research on wind control in third-party payment industry. This paper first introduces the development of third-party payment industry in China and academic research results, and explains the necessity and innovation of this paper. Then, on the basis of the PEST analysis of the third party industry as a whole, the paper introduces the business forms, development status and market prospects of the third party payment industry, and then focuses on some problems faced by the third party payment industry. Then, the supply chain financial business is modeled and analyzed, and the existence of supply chain equilibrium solution is verified by testing the distribution of several kinds of common demand. Third-party payers are found to be able to set interest rates for each loan that maximizes their profits. This conclusion fully proves the characteristics of low cost of custom-making of third-party payment agencies. If there is a perfect wind control model to guide the practice, the risk management can be refined. Finally, this paper makes an optimistic forecast on the development prospect of the third-party payment industry in China.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F724.6;F832.2

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