"Touch" can pay offline for the first time to add online scenes

Accelerating the pace of digital RMB landing

　　Our reporter Pan Fuda

　　This "Double 12" is a bit special for some Suzhou citizens. The digital renminbi red envelopes of 100,000 winners officially took effect, and many people tried to use digital renminbi to pay this weekend.

Unlike the previous Shenzhen pilot, this red envelope can be consumed not only at designated offline merchants, but also online. Some users will have the opportunity to participate in offline wallet experience activities after the lottery.

　　Although this is only a routine test in the digital renminbi research and development process, the digital renminbi pilot function has been upgraded repeatedly, and the development progress has been good news. The digital renminbi is about to enter the lives of the people, and the footsteps of future applications are getting closer.

You can pay without a mobile phone

　　"Can you pay even after you turn off the mobile phone network?" Ms. Lu, a Suzhou citizen curiously touched the store's mobile phone with her mobile phone adjusted to flight mode.

After discovering that the renminbi on the screen of the mobile phone "flying" into the other party's mobile phone, she praised in surprise: "It is convenient and fast, so I don't have to worry about bad signal during payment in the future!"

　　The "Double 12 Suzhou Shopping Festival" kicked off recently.

As one of the highlights of the shopping festival, the city of Suzhou launched a digital renminbi consumption red envelope activity, and distributed 100,000 digital renminbi consumption red envelopes totaling 20 million yuan. Ms. Lu is one of the "100,000 koi".

　　On the day when the winning result was announced on the 11th, many netizens posted their winning page on Weibo.

That night, digital RMB QR code standing cards were placed on the checkout counters of more than 10,000 merchants in Suzhou City, alongside the QR code standing plates of WeChat and Alipay.

　　Compared with the previous Shenzhen pilot, the Suzhou pilot can be "main-scanned" by consumers, and a few people have the opportunity to participate in the "dual offline wallet" experience.

Dual offline payment refers to the process of completing the business when the media and the accepting terminal are offline. Even if there is no network or weak network conditions, the user does not connect to the back-end system during transactions or transfers, but verifies the user's identity in the wallet , Confirm transaction information and make payment to complete the transaction.

　　Compared with the curiosity and excitement of consumers, the ideas of pilot merchants are more pragmatic.

“The digital renminbi will arrive in the account instantly and there is no handling fee, which reduces the pressure on merchants’ capital turnover, while WeChat and Alipay both charge a certain percentage of handling fees.” An employee’s point of view was recognized by many pilot merchants.

Online consumption broadens usage scenarios

　　At 8 o'clock in the evening on the 11th, the digital renminbi red envelopes for the citizens of Suzhou officially took effect.

Two seconds later, the country's first e-commerce platform digital renminbi red envelope consumption was born. A post-90s user placed an order on JD.com and paid with digital renminbi.

　　The digital renminbi pilot launched the online consumption scene for the first time.

JD Digital disclosed that nearly 20,000 orders were paid in digital renminbi, of which the largest single online payment amount exceeded 10,000 yuan.

Among the first digital renminbi users, men accounted for 57.6%, and the post-80s and post-90s accounted for nearly 80%.

　　Online consumption broadens the use of digital RMB.

After downloading the digital renminbi APP in accordance with the guidelines, the winning user can choose whether to push the digital wallet sub-wallet to the merchant. After opening it, the merchant can pay easily and without password.

It is understood that using the sub-wallet to pay is not only convenient and fast, but also more secure. Users can adjust the payment limit of the sub-wallet or close the sub-wallet in real time in the digital RMB APP. Merchants cannot obtain the user’s sensitive personal information and ensure that user privacy is not leaked. It reflects the controllable anonymity of digital RMB.

Digital currency becomes a new height of financial competition

　　The central bank digital currency is a digital alternative to banknotes. It has unique advantages such as offline transfer, reducing anti-counterfeiting costs and losses, effectively combating illegal crimes, and promoting the internationalization of the RMB.

According to Yi Gang, Governor of the Central Bank, the development and application of legal digital currency is conducive to efficiently satisfying the public's demand for legal currency under the digital economy, improving the convenience, security and anti-counterfeiting level of retail payments, and boosting the acceleration of my country's digital economy development of.

　　Since the beginning of this year, the promotion of digital renminbi in China is accelerating.

On many public occasions, the head of the Digital Currency Research Institute of the Central Bank frequently "spoiled" new developments and blueprints of digital RMB research and development.

According to the central bank’s disclosure, the digital renminbi research and development work is progressing steadily, and internal closed pilot tests will be conducted in Shenzhen, Suzhou, Xiongan New District, Chengdu and future Winter Olympic scenes.

　　The People's Bank of China Law of the People's Republic of China (Revised Draft for Solicitation of Comments) issued by the Central Bank in October stipulates that the renminbi includes physical and digital forms.

This provides a legal basis for the issuance of digital currency.

Recently, the Hong Kong Monetary Authority stated that it is cooperating with the Central Bank's Digital Currency Research Institute to study digital renminbi cross-border payments. According to public reports, Xiongan New District, Hainan, and Chongqing have mentioned plans to explore digital renminbi cross-border payment applications.

　　At present, the global central bank digital currency field is surging and competition is intensifying.

Industry insiders analyze that digital currency is the ultimate place for future international financial competition. The rapid progress of my country's central bank in digital currency testing will enable China to occupy the market initiative in the global financial digital era.