Distributed consumer red envelopes in Shenzhen and Suzhou, with over 6,700 pilot scenarios nationwide

  The digital RMB red envelope is here again (Rui Finance)

  After issuing digital RMB red envelopes in Shenzhen in October, the People's Bank of China invested red envelopes in Suzhou.

On December 5th, Suzhou Digital RMB Red Packets officially began to make appointments, and 20 million digital RMB consumption red packets were issued to eligible Suzhou citizens.

  At present, there are more than 6,700 pilot scenarios for the implementation of digital RMB nationwide, and it will be further enriched in the future.

  Test offline payment

  This time, the People's Bank of China has prepared 100,000 digital RMB consumption red envelopes for Suzhou consumers, each with an amount of 200 yuan.

Both the total amount and the number of red envelopes are twice that of Shenzhen.

  Where can red envelopes be used?

The digital renminbi consumption red envelopes issued this time are combined with the "Double 12 Suzhou Shopping Festival" event, which can be used at nearly 10,000 merchants designated in Suzhou, covering shopping malls, supermarkets, daily retail, catering consumption, and life services, covering all cities in the city. Core business districts and key supermarkets in the sector.

  Suzhou also introduced online consumption scenarios for the first time.

JD.com supports consumers to use digital renminbi to pay for self-operated goods online, making it the first online scenario to access digital renminbi in the pilot.

In addition, JD.com and Xiangcheng District of Suzhou City have jointly created a special digital renminbi payment scenario. Citizens whose delivery address is in Xiangcheng District, Suzhou City can use digital renminbi cash on delivery, and they can experience the convenient payment service of digital renminbi without leaving home.

  Suzhou consumers also have the opportunity to experience offline wallets, which is also a new highlight of this event.

"This means that in this pilot activity, in an offline environment, customers can use apps with digital renminbi offline payment functions to complete transfers or payments via mobile phones "touch one touch"." Director of the Digital Currency Research Institute of the People's Bank of China Mu Changchun said.

  "It is very important to introduce online scenarios and test offline payments. The expansion of online scenarios is more conducive to the further promotion and use of digital renminbi in the future. Offline payment is one of the characteristics of digital renminbi that distinguishes it from other mobile payment methods, and highlights it. Advantages." said Dong Ximiao, chief researcher of China Merchants Union Finance.

  Expand the scope of the pilot

  In October, the Shenzhen Municipal People’s Government and the People’s Bank of China launched a pilot digital renminbi red envelope, and distributed 50,000 “Luohu digital renminbi red envelopes” worth 10 million yuan to individuals in Shenzhen. This is the first large-scale digital renminbi pilot program. "Open Beta".

  As of the end of the event, a total of 47,573 people had received red envelopes, accounting for 95.15% of the total number of winners; 62,788 red envelopes were used to pay, and the amount of red envelope payments was 8.764 million yuan.

  In order to support the circulation and use of digital renminbi during the pilot period, a total of 3389 merchants in Luohu District of Shenzhen have completed the digital renminbi system transformation, including four major categories: shopping malls and supermarkets, living services, daily retail, and catering consumption.

  The opening banks of Shenzhen Digital RMB Wallet are the four major banks of Industry, Agriculture, China and Construction. This Suzhou event added Bank of Communications and Postal Savings Bank of China.

Dong Ximiao suggested that in the future, the scope of testing banks can be appropriately expanded, and the participating banks will be expanded to all six large commercial banks, as well as small and medium-sized banks.

  In addition to Shenzhen and Suzhou, according to the announcement made by the People's Bank of China, the digital renminbi will also conduct internal closed pilot tests in Xiongan, Chengdu and future Winter Olympics scenes.

In this regard, Dong Ximiao suggested that the pilot test cities can be expanded in an orderly manner. On the one hand, cities with rapid digital economic development such as Beijing, Shanghai, Hangzhou and the Beijing-Tianjin-Hebei and Yangtze River Delta can be added; on the other hand, Lanzhou and Urumqi can be added , Lhasa and other western cities with relatively weak financial infrastructure.

  Rich application scenarios

  In the future, the application scenarios of digital RMB are expected to be further enriched.

As of the end of August this year, more than 6,700 pilot scenarios have been implemented nationwide, covering life payment, catering services, transportation, shopping, and government services.

  On December 7, UnionPay Commerce Co., Ltd. has formally signed a strategic cooperation agreement with the Digital Currency Research Institute of the People’s Bank of China to jointly study innovative applications in the fields of digital RMB online and offline payment scenarios, and combine the existing business scenarios of UnionPay commerce. Based on the characteristics of the digital RMB and the wallet ecosystem, jointly promote the construction of the digital RMB ecosystem.

  Prior to this, the Digital Currency Research Institute of the People's Bank of China has reached strategic cooperation with JD Digits, Didi Chuxing and other institutions to jointly promote the construction of a digital RMB pilot test ecosystem.

Dong Ximiao pointed out: “We can further enrich the test scenarios, vigorously strengthen cooperation with all parties, accelerate the innovation of digital renminbi functions, enrich online and offline scenarios, and build a more complete digital renminbi ecosystem.”

  It is worth noting that the Hong Kong Monetary Authority is working with the People's Bank of China Digital Currency Research Institute to study the use of digital renminbi for cross-border payments.

In the future, the application of digital renminbi in cross-border payment scenarios is also worth looking forward to.

  Yu Weiwen, President of the Hong Kong Monetary Authority, pointed out: “The use of renminbi in Hong Kong, China is very common. Digital renminbi is positioned as cash in circulation, and its use will bring greater convenience to tourists from both places. Although there is no timetable for the launch of digital renminbi. , But I believe it will provide more payment options for residents of the two places who need to conduct cross-border retail consumption in the future."

  Xu Peiyu