The impact of third-party payment platforms on life under the Internet

Nowadays, many people are using third-party payment because of its quickness and convenience. So what are the benefits of third-party payments, how does it affect our lives, and what are the risks? With the prevalence of third-party payment methods today, it has become very convenient for us to eat, drink and live. Next by the legal express of the editor to take you to understand the content of the third party payment platform on the impact of life, hope to bring you help.

Nowadays, many people are using third-party payment because it is fast and convenient. So what are the benefits of third party payments, how does it affect our lives, and what are the risks? With the prevalence of third-party payment methods today, it has become very convenient for us to eat, drink and live. Next by the legal express of the editor to take you to understand the third-party payment platform on the impact of life, hope to bring you help.

What is the impact of the Internet payment platform on modern life:

Changed the way of life of modern people. In the gradual rise of the Internet payment platform, modern people’s way of life has undergone a radical change. People no longer need to worry about losing their bank cards or forgetting to take their wallets out. With the opening of cell phone payment function, no matter what kind of consumption place you are in, basically you only need to hold a smart phone to complete all payment acts.

In addition, transferring money is an essential transaction activity in modern life, which we need to involve in many cases. Before the rise of Internet payment platforms, people could only carry their bank cards to the bank or cash machine to complete the transfer in person, but with the popularity of Internet payment methods, people only need a laptop or even a smartphone to complete the transfer easily, realizing The transfer of money can be done without leaving home. Therefore, we can say that the impact of the Internet payment platform for modern life is huge, it has changed people’s inherent consumption mode for nearly a hundred years, so that people’s consumption concept is also changing unconsciously.

It has changed the shopping concept of modern people. Usually, there are many factors that affect the consumer’s shopping concept, and the greatest influence is mainly concentrated in the level of consumer awareness, consumer income level, in addition to the age level of consumers has a very direct relationship, in each age group of consumers in the concept of consumption are very different, they all have their own preferred consumption and shopping patterns, and They also have their own more concerned about the elements.

Online shopping drives the development of Internet payment platforms. For most people, the first contact with Internet payment basically originates from online shopping, regardless of which e-commerce platform people’s first online shopping is completed, the fact that online shopping drives the development of Internet payment platforms is undeniable. Speaking with data, the overall revenue scale of the network economy in 2014 was less than 100 million, while after a year of development, the revenue scale of the network market has increased to 400 million by 2015. Payment is an essential part of online shopping, and its share has changed accordingly. Of course, there is still a large proportion of consumers in the process of online shopping will choose the payment method of cash on delivery, this payment method can indeed effectively dispel people’s distrust of the security of the payment platform. However, with the gradual maturity of Internet payment technology, coupled with the high costs incurred by cash on delivery, more and more people are inclined to choose Internet payment methods, and consumers’ reliance on online payment platforms is gradually increasing.

Possible risks of Internet platforms. Third-party Internet payment is used as an example to illustrate that the platform will temporarily store the transaction funds during the transaction process, so as to achieve the purpose of supervising both sides of the transaction. Under the current rules of use, transaction funds can be stored in the third-party payment platform for three to seven days, which can cause a massive backlog of funds on the third-party payment platform side. However, the regulation of the use of this part of funds is basically in a blank state, a phenomenon that can easily affect consumers’ trust in third-party payment platforms. In addition, various information related to personal information theft and personal property theft are emerging in the society, which also reduces consumers’ confidence to a certain extent. So for the time being, the security of Internet payment platforms is a key factor that hinders their development.

On mobile payment, promote the integration and development of mobile payment with more high-tech technologies to promote each other. For example, combining with the Internet of Things, biometrics, intelligent security, data portraits and other high-tech, to provide technical support for the interaction of people and things. By achieving interconnection with credit databases, government networks, and service agency networks, we will continue to forge new business models and service methods, achieve deeper integration with social service industries such as education, healthcare, and transportation, and provide a more intelligent and comfortable lifestyle for the people. Promote mobile payment for the wisdom transformation of traditional industries, realize the cross-cross-border integration of different industries, and enhance the intelligence and automation of social production and trade.

In e-commerce, with the global information revolution and industrial changes continue to deepen, the extensive and deep application of digital technology further accelerated. We should promote e-commerce to promote the transformation and upgrading of traditional industries, and realize the interaction and progress of traditional industries and e-commerce. Especially in digital agriculture, intelligent manufacturing, life service industry, etc., it will drive the integration of online and offline development and prompt the traditional economy to make new exploration and attempts in digital transformation. In O2O, the application mode will be promoted from the primary stage to a higher level, and more new service modes will be created through the refinement and deepening of the mode application. By making efforts on the supply side, we will further force the traditional industry to transform digitization and automation, and promote the high-quality development of service industry by accurately grasping consumers’ demand for service quantity, quality and efficiency.

Promote the continuous penetration from a single link to the whole chain and all links of the service industry. Within the enterprise, it will gradually penetrate from the front-end links such as commodity promotion, customer attraction and online orders to the back-end links such as supply chain management, personnel management and after-sales service. In the industry, it will extend along the industry chain to the upstream and downstream related industry enterprises, and realize the re-improvement of resource allocation efficiency by opening up the data sharing link.

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