第三方支付平台纵向一体化的反垄断规制  

Anti-Monopoly Regulation for Vertical Integration of Third-Party Payment Platforms

作　　者：孙晋[1,2] 孟凡雨 Sun Jin;Meng FanYu

机构地区：[1]武汉大学法学院 [2]武汉大学竞争法与竞争政策研究中心

出　　处：《厦门大学法律评论》2023年第1期25-44,共20页Xiamen University Law Review

基　　金：国家社会科学基金重点项目“现代市场体系建设的竞争法问题研究”(项目编号:19AFX019)的阶段性研究成果

摘　　要：第三方支付平台面临着来自上游银行、同行业经营者以及下游电商平台的多方竞争约束。纵向一体化战略的实施,不仅可以让第三方支付平台通过整合产业链而提升自身服务的质量,保证其在多方竞争压力下获得竞争优势,还可以为其带来强大经济效率,加速数据资源的整合以及促进产业升级。不过,纵向一体化策略在带来经济效率之外,亦存在着诸多的垄断隐忧。诸如对第三方支付市场进入壁垒的固化、对市场内其他经营者的排他性损害以及对消费者构成的剥削性损害,这都昭示着我国亟待针对第三方支付平台纵向一体化进行反垄断法规制。鉴于纵向一体化策略所产生的积极经济效益,在对其进行反垄断规制时,需要注重经济分析,运用违法推定原则,采取较为温和、宽严相济的干预措施。在反垄断规制政策的执行时,则需要协调好反垄断局和中国人民银行、国家金融监督管理总局的权限分工,促进两类监管机构的友好磋商,信息共享,共同助推我国第三方支付行业的规范发展。The third-party payment platform faces multi-party competition constraints from upstream banks,operators in the same industry,and downstream ecommerce platforms.The implementation of the vertical integration strategy can not only allow the third-party payment platform to improve the quality of its own services by integrating the industrial chain,and ensure that it can achieve competitive advantages under various competition pressures;the integration of resources and promoting industrial upgrading.However,in addition to the economic efficiency brought by the vertical integration strategy,there are also many monopoly concerns.For example,the solidification of the barriers to the third-party payment market,the exclusive damage to other operators in the market,and the exploitation damage to consumers’composition all show that my country urgently needs to carry out antitrust regulations on the vertical integration of the third-party payment platform.However,in view of the positive economic benefits generated by vertical integration strategies,when antitrust regulation is carried out,it is necessary to pay attention to economic analysis,use the principle of illegal presumption,and adopt a gentle and strict intervention measures.When the implementation of antitrust regulation policies,the authority of the Anti-Monopoly Bureau,the RMB of the Anti-Monopoly Bureau,the People's Bank of China,the State Financial Supervision and Administration Administration,promote the friendly consultation of the two types of regulatory agencies,and share information to jointly promote the third-party payment industry in my country.

关 键 词：第三方支付平台 纵向一体化 垄断效应 经济效率 反垄断规制 

分 类 号：F724.6[经济管理—产业经济] F832.2[政治法律—经济法学] D922.294[政治法律—法学]