Beijing's digital RMB pilot transaction reaches 10 billion yuan

2022-01-28 Editor : Zhang Dongfang ECNS App Download

(ECNS) -- The total transaction of Beijing's digital renminbi (RMB) pilot project for 2022 Winter Olympic Games had reached 9.6 billion yuan (about $1.51 billion) by the end of 2021, according to the city's local financial supervision authorities on Wednesday.

Beijing had provided over 12 million personal digital RMB wallets and over 1.3 million wallets for organizations and institutions, covering more than 400,000 application scenarios related to the Winter Olympic Games, including food, transportation, catering, shopping, tourism, healthcare, communications, and entertainment.

The digital pilot project kicked off at the end of 2020whenChinese skater Shen Xue bought a subway ticket via digital RMB.

Beijing has piloted unmanned sales vehicles, self-service vending machines, unmanned supermarkets and other digital RMB innovative scenarios to practice the concept of high-tech and smart Winter Olympic Games. The city also promoted some wearable payment devices, for example, payment gloves, badges, clothing, etc.

At the end of 2021, a safe, convenient and effective digital RMB payment environment had been established outside the close loop of the 2022 Winter Olympic Games.

Currently, digital RMB payment has been approved in some scenarios where people pay in high frequency in Beijing like bus, subway, shared bikes, postal service, mobile communication, electricity bills, healthcare bills, etc.


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