Beijing Youth Daily: Least Privilege Digital RMB Wallet Can Be Opened With Mobile Phone Number

The Beijing Youth Daily today published an article “The lowest authority wallet can be opened with a cell phone number,” saying that the lowest authority digital yuan wallet can be opened with a cell phone number, and the single payment limit of the lowest authority wallet is 2,000 yuan. It also said that according to the strength of customer identification, there are different levels of wallets. The operating institution identifies customers and tiered management of digital RMB wallets according to the strength of customer identification, giving different per- and daily transaction limits and balance limits to each type of wallet according to the strength of real name.

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