Research on Electronic Commerce Payment System in Wuhan Metropolitan Area

Payment system plays an important role in the procedure of electronic commerce. This paper presents an analysis of payment system in Wuhan metropolitan area. Based on the research of present status of online payment system on the aspects of portals-construction, online banking services for individuals and enterprises, the third-party payment platform, mobile payment and PSTN payment, we find some barriers to get in the way of online payment development including lack of central role of commercial banks, payment services' unitary, uncertain security and users' unawareness. At last, this paper puts forward some countermeasures to conquer these barriers.