The model dominated by third-party payment institutions is that some powerful third-party economies provide trading platforms (such as smart payment) by signing contracts with different banks, and the whole transaction is also clear in responsibilities and division of labor with the intervention of third-party payment platforms. As a supplier of funds, banks ensure the timely payment of funds; As a transmission channel of information, operators send instructions to third-party institutions and banks; As an intermediary, the third-party payment platform ensures the smooth completion of the transaction. This business model requires platform operators to have a high industry appeal in terms of promotion ability, technology research and development ability and capital operation ability.
The services provided by third-party payment mainly include: online payment (B2C, B2B), mobile payment, point card payment, collection and payment, two-dimensional code payment, fund custody service, two-dimensional code collection channel, one-click APP collection and direct connection between branches and enterprises, collection and payment, cross-border settlement, cross-border services and other value-added services.