Traditional Banking Sector Financial Technology Industry With the rapid advent of e commerce in china, the technological innovation of third party payment has experienced explosive growth. this important technological innovation, initiated by emerging internet companies, is helping the traditional financial industry's payment business—represented by commercial banks—expand in both depth and breadth. It is able to effectively promote the convenience and applicability of traditional cash payments, money transfers, and bank card payments by utilizing innovative payment technology supported by the internet. first introduced in the u.s. in 1998, paypal is a pioneer company committed to providing online.
Impact Of Payment Technology Innovations On The Traditional Financial Fintech (financial technology) innovations have been reshaping the financial landscape, revolutionizing the way people access financial services, conduct transactions, and manage their finances. This study adopts the vector auto regression (var) impulse response model to analyze the impact of internet third party payment (tpp) on the traditional financial industry from 2007 to 2014. Doi: 10.1016 j.techfore.2017.12.023 corpus id: 49554675; impact of payment technology innovations on the traditional financial industry: a focus on china @article{yao2018impactop, title={impact of payment technology innovations on the traditional financial industry: a focus on china}, author={meifang yao and he di and xianrong zheng and xiaobo xu}, journal={technological forecasting and social. Impact of payment technology innovations on the traditional financial industry: a focus on china. meifang yao, he di, xianrong zheng and xiaobo xu. technological forecasting and social change, 2018, vol. 135, issue c, 199 207.
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