Abstract

However, as long as we think calmly, we will definitely find that in the short term, the market dominance of commercial banks in the
financial sector is still far from being shaken by third-party payment platforms. First of all, third-party payment seems to be coming
fast and unstoppable, but its rapid development is still inseparable from the help of third-party banks; secondly, for banks, the
technical challenges of third-party payment will also be the biggest. To further deepen reforms, improve service levels and quality,
and intensify technological innovation, these issues still need to be put on the agenda. Therefore, in the face of such challenges,
commercial banks should be more proactive in dealing with them, taking the best of them, and constantly enriching themselves, so
that they can be improved and promoted in the fierce competition. In addition, with the establishment and improvement of the legal
system of my country's Internet technology level, the market segmentation of the two parties is just around the corner. I believe that as
long as the two parties cooperate sincerely, we can provide more high-quality products and services to our users

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