More and more commercial banks are participating in digital renminbi testing. Currently, 35 banks have embedded digital RMB apps, and related functions of the apps are also being upgraded and expanded recently.
“It can be found through the digital RMB App recharge that many banks have been added to the interface recently. Previously, only the six state-owned banks were supported.” Said a Shanghai resident who participated in the test.
At present, there are as many as 35 banks that can recharge digital renminbi wallets in the digital renminbi App, covering joint-stock companies, city commercial banks, and some rural credit cooperatives and rural commercial banks. In addition to the six state-owned banks, it also includes joint-stock banks such as CITIC, China Everbright, China Merchants Bank, Shanghai Pudong Development Bank, Minsheng, Ping An, Guangfa and Zheshang, as well as Beijing, Shanghai, Jiangsu, Nanjing, Suzhou, Hangzhou, Huarong Xiangjiang, Changsha, Chongqing, and Luzhou , Xi’an, Ningbo, Qingdao and other banks. In addition, Hebei Rural Credit, Suzhou Rural Commercial Bank, Jiangsu Rural Credit, Chengdu Rural Commercial Bank, Sichuan Rural Credit and Shenzhen Rural Commercial Bank are among them.
It is reported that this change is related to the recent announcement of the successful launch of the “One-Point Access” digital RMB system by City Bank Clearing and Agricultural Bank of China Clearing. On August 13, City Bank Clearing and Agricultural Bank of China Clearing also announced the successful launch of the “One-Point Access” digital renminbi system, and all the first batch of pilot financial institutions were included this week.
City Bank Clearing stated that, organized by the People’s Bank of China Digital Currency Research Institute, City Bank Clearing built a “one-point access” digital renminbi system, and assisted in organizing the first batch of 11 pilot city commercial banks to complete the development and testing of the bank system.
This week, the first batch of pilot city commercial banks, including Bank of Shanghai, Bank of Jiangsu, Bank of Hangzhou, Bank of Ningbo, Bank of Luzhou, Bank of Chongqing, Bank of Qingdao, Bank of Xi’an, Bank of Changsha, and Huarong Xiangjiang Bank, completed the online access.
ABC Clearing also assisted 7 member units Hebei Rural Credit, Jiangsu Rural Credit, Sichuan Rural Credit, Shenzhen Rural Commercial Bank, Suzhou Rural Commercial Bank, Chengdu Rural Commercial Bank and Suzhou Bank to successfully access the digital renminbi system.
When a large number of banks access digital RMB apps, two access modes have emerged. ” Currently, commercial banks other than operating institutions can access the digital renminbi system in two modes. One is through operating institutions, currently the six state-owned banks; the other is through the city bank clearing and agricultural bank clearing to access the digital renminbi system. RMB interconnection platform. In addition, it can also be directly accessed in the early stage. ” A person familiar with the matter said that as long as the relevant conditions are met, more commercial banks will participate in the digital RMB test.
City Bank Clearing previously disclosed that 94 banks, including 76 city commercial banks, 15 private banks and 3 foreign banks, intend to access the digital RMB interconnection platform through City Bank Clearing.
There are also joint-stock banks that choose the direct mode to access the digital RMB interconnection platform. China Guangfa Bank revealed that under the unified deployment and guidance of the People’s Bank of China’s Digital Currency Research Institute recently, China Guangfa Bank has used a direct mode to access the digital RMB interconnection platform. Users can use any operating institution’s personal wallet on the People’s Bank of Set up GF bank cards and handle digital RMB wallet recharge and deposit back to bank card accounts.
“This is only a direct technical connection, but business needs to be coordinated with operating agencies. At the same time, these two models are not exclusive, and commercial banks can choose both models at the same time.” A payment company official said.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/two-major-access-models-for-small-and-medium-banks-to-seize-the-beach-digital-renminbi-emerge/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.