Game Study on Third-party Payment Platform and Bank

DOI

10.2991/aebmr.k.220307.406How to use a DOI?

Keywords

Third-party payment platforms; Bank; Three-game models; Equilibrium

Abstract

With the popularity of mobile payment, there are more and more third-party payment platforms. People’s payment methods are gradually separated from the traditional banking business and choose more convenient third-party payment platforms. As a result, these platforms pose a significant threat to banks, both business and capital. In addition, due to the unequal interests of both sides in the cooperation process, the willingness of banks to cooperate is also declining. The former cooperative relationship between the two has been transformed into a co-existence of cooperation and competition. Therefore, this paper chooses the third-party payment platform and bank as the research object. According to the benefits under different circumstances, three-game models are constructed for specific analysis. Through the analysis of the equilibrium solution, it is concluded that even though the third-party platform is in a dominant position, through continuous development and the constant game between the two sides, only cooperation can maximize the benefits and achieve a win-win situation.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yuchu Zhang
PY  - 2022
DA  - 2022/03/26
TI  - Game Study on Third-party Payment Platform and Bank
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2481
EP  - 2486
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.406
DO  - 10.2991/aebmr.k.220307.406
ID  - Zhang2022
ER  -