Strategy Formulation of Banking Industry in Taiwan by Learning from China’s Third Party Payment Experience
Date Issued
2015
Date
2015
Author(s)
Chen, Hsin-Liang
Abstract
People have developed great demands for online shopping recently, but shopping online has information asymmetry and privacy issues. So third party payment is born to solve theses problems. In definition, third party payment is a neutral institution with technical and credit ability that transfers money from one to another. In fact, developed countries have legislated to deal with this new business in the past ten years. Though Taiwan is in his initial stage for third party payment, the law for third payment is implemented in May 2015. Competition between third party payment institutions and banks is inevitable. Third party payment business has been mature in China. Due to environment of china is similar to environment of Taiwan, this study analyzes the competition between banks and third party payment institutions by learning from China’s experience. After the analytics, this study gives suggestion for banks’ strategy making in the future.
Subjects
Third party payment
Bank
Type
thesis