At 0:00 on January 1, 2021, Shenzhen once again opened an appointment for digital renminbi red envelopes, and the Futian District funded and issued 20 million digital renminbi red envelopes to individuals in Shenzhen. Each red envelope amounted to 200 yuan, totaling 100,000. The results of the lottery were officially released on January 7, and many consumers have begun to experience the “how to spend” digital renminbi.
The reporter visited a number of merchants and found that compared with the previous Luohu trial, the payment methods and merchant coverage of this trial are more abundant, and major banks are increasing the innovation of digital renminbi applications. Agricultural Bank of China took the lead in launching ATM machines. The deposit and withdrawal function of digital renminbi guides citizens to adapt to the digitalization of cash and explore service transformation.
Pilot to enrich offline consumption scenarios in depth
With a beep, Mr. Liu, a citizen, opened the “touch” on the payment page in the digital renminbi app. After colliding with the merchant’s POS machine, he immediately received a reminder that the payment was successful. Mr. Liu is one of the successful citizens of the Futian “Futian Gifted Digital RMB Red Packet”. “Last time Luohu’s red envelope was not drawn, those who won Futian this time have a quick experience and see how the digital renminbi is used.” Mr Liu said.
The reporter learned that the “touch” function used by Mr. Liu is a new payment method in this pilot. In offline mode, the mobile phone “touch” the QR code sign or the designated location of the POS machine , You can successfully pay. In addition, compared with the first round of Luohu trial, Foton’s trial not only doubled the total amount of digital RMB red envelopes, but also further expanded the scope of use.
“With the further deepening of the pilot program, the scope of the use of red envelopes this time has expanded from more than 3,000 merchants in Luohu to more than 11,000 in the city. The consumption format is very rich.” Zou, Manager of Digital RMB Innovation Lab (Shenzhen), Agricultural Bank Hua said that in addition to various scenarios such as shopping malls, supermarkets, and life services, the types of merchants that have completed the digital RMB system transformation can also be used for various small and high-frequency consumption scenarios such as subway card recharge and phone bill recharge.
“The third station of the digital RMB pilot program returned to Shenzhen again, indicating that Shenzhen has been recognized by the market. Compared with the first pilot program, there have been many changes, which shows that the digital RMB project is progressing steadily.” said Song Qinghui, a well-known economist. At present, the time interval between the three pilot projects nationwide is getting shorter and shorter. The acceleration of the pilot project reflects that the digital renminbi may soon be released. It is expected that after the pilot, it will take about a year to slowly enter the lives of ordinary people.
Overweight innovation to create an innovation laboratory
In addition to the significant increase in the number of merchants, the payment bank for the “Futian Youli Digital RMB Red Packet” campaign expanded from the original four major banks to the six major banks of Industry, Agriculture, China, Construction, Communications and Postal Savings Bank. It is worth noting that there is a sub-wallet function in the digital renminbi APP. You can choose whether to push the digital wallet sub-wallet to merchants for convenient and password-free payment. The merchants pushed in the sub-wallet corresponding to each bank are also different. different.
From the perspective of APP, Agricultural Bank, Postal Savings Bank, and Bank of Communications can only choose whether to connect to the JD APP; in addition to JD, the Construction Bank can choose whether to connect to Shanrong Business (the B2C shopping platform under the Construction Bank); the Bank of China except JD. In addition, you can choose whether to connect to Bilibili; ICBC has the most partners, in addition to JD, there are Meituan Bicycles and Didi Chuxing. The relevant person in charge of the Shenzhen branch of Industrial and Commercial Bank of China told reporters that the function was launched based on a pilot in Suzhou, but the Futian Digital RMB red envelope is not applicable and cannot be used for online shopping.
The reporter found that major banks are increasing the application of digital renminbi innovation. The Agricultural Bank of China established a head office-level “Digital RMB Innovation Laboratory” in Shenzhen this year, focusing on the characteristics of digital renminbi to carry out innovation and pilot projects in new areas; China Construction Bank in Shenzhen The Office of the Financial Technology and Innovation Committee of the branch established a “Product Innovation Laboratory (Shenzhen)”.
“Agricultural Bank has taken the lead in launching the ATM cash deposit and withdrawal function in the industry to guide Shenzhen residents to adapt to the digitization of cash and explore service transformation.” Zou Hua introduced to reporters that based on the digital RMB deposit and withdrawal on the ATM, it can realize digital The non-sense exchange of cash has been piloted in some branches in Shenzhen. Next, the Agricultural Bank of China will continue to conduct in-depth trials and continue to innovate and apply in public utility payment, people’s livelihood improvement, urban development, and smart government affairs.