The Digital Yuan App is on the open market!
On January 4, Xiaobian found that the digital yuan app has quietly been listed on the Apple App Store and major mainstream Android markets. This means that users in the Digital Yuan Pilot Area can more easily access the Digital Yuan App!
Whitelist users in pilot areas can register
Includes 10 cities + Winter Olympics scenes
According to the official introduction, the Digital Yuan (Pilot Version) App is china's legal tender digital currency - the official service platform for individual users to carry out pilots, providing the opening and management of digital yuan personal wallets, the exchange and circulation of digital yuan services. The app developer is the Digital Currency Research Institute of Chinese Min Bank.
At present, the digital yuan is still in the routine testing stage of the research and development process, and the whitelist users in the pilot areas selected by the designated operating agencies of the digital yuan can register for the app. The pilot areas include Shenzhen, Suzhou, Xiong'an, Chengdu, Shanghai, Hainan, Changsha, Xi'an, Qingdao, Dalian and the Winter Olympics scene (Beijing, Zhangjiakou). Users need to judge whether they meet the registration conditions based on their location.
According to the App page, the designated operating institutions of the digital yuan include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank, China Merchants Bank, MYbank (Alipay), WeBank (WeChat Pay), etc.
Screenshot from the Digital Yuan (Pilot) app
The App "Sub-Wallet" page shows that users can select merchants, push sub-wallets, and realize the use of digital YUAN password-free payment at merchants. The reporter saw in the merchant list that there are already many merchants such as JD.com, Meituan, Ele.me, Tmall Supermarket, Didi, Ctrip, Bilibili, Multipoint, Sinopec and so on.
According to the Central Broadcasting Network, with the advancement of the digital yuan pilot work, the application scenarios of the digital yuan are gradually expanding. Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, previously said in public that as of October 22, 2021, 140 million digital RMB personal wallets and 10 million corporate wallets have been opened, with a cumulative number of transactions reaching 150 million and a transaction volume of nearly 62 billion yuan; 1.55 million merchants support digital RMB wallets, covering public utilities, catering services, transportation, shopping and government affairs.
Digital RMB App Trial Q&A
Which app markets have digital RMB apps?
The application markets on the shelves include Apple's App Store; Huawei, Xiaomi, OPPO, vivo mobile phone application market; App Treasure, 360 Mobile Assistant, Baidu Mobile Assistant, Pea Pod and other Android markets. The scope of this listing is limited to the Chinese application market.
Why is the Digital Yuan App on the shelves at this time?
In the early stage of the digital yuan pilot activities, whitelist users installed the App by obtaining the exchange code and installing the package, which had problems such as long installation steps, complicated operation, and inability to download and use it repeatedly. In order to improve the user experience, combined with the large amount of feedback and suggestions received in the previous pilot activities, the launch of the digital rmb app was launched.
What features have been upgraded in the digital yuan version compared to the previous version?
The on-the-shelf version has been optimized and improved in terms of visual interaction, functional flow, and scalability.
Does this listing mean that the digital yuan will land nationwide?
The digital yuan is still in the routine testing phase of the R&D process. The main purpose of this listing is to improve the user experience and facilitate the installation and use of the Digital Yuan App in the pilot test activities.
If there is no bank card of workers, farmers, China, construction, communications, postal savings, China Merchants Bank, MYbank, weChat Bank, can I use the Digital RMB App?
OK. There is no need to hold a bank card to open a digital wallet, and you can open a wallet for any operating institution by providing a mobile phone number. At the same time, in order to make the digital yuan business benefit more users and create a good circulation environment, the digital yuan app supports other commercial bank card users to recharge the digital yuan wallet opened in the operating institution. At present, commercial banks such as CITIC, Everbright, Pudong Development, Minsheng, Huaxia, Ping An, Industrial, Guangfa, Zheshang, Bank of Beijing, Bank of Shanghai, and Bank of Nanjing have all supported it, and more commercial banks are gradually accessing.
Can the digital yuan be used anonymously?
In order to meet the needs of users for small and high-frequency anonymous payments, digital yuan allows anonymous wallets to be opened only with mobile phone numbers. According to the Cybersecurity Law, the Personal Information Protection Law and other relevant laws and regulations, in order to protect users' personal information, telecom operators must not violate relevant provisions to disclose customer information corresponding to mobile phone numbers to third parties, therefore, the four types of wallets opened with mobile phone numbers are completely anonymous, and the People's Bank of China and operating institutions do not have the real-name information of wallet users.
At the same time, the digital yuan adopts a push sub-wallet design, which can protect personal privacy. When using digital yuan to pay on the e-commerce platform, we package the user's payment information for encryption and push it to the e-commerce platform in the form of a sub-wallet, and the platform does not know the user's personal information, realizing the privacy protection of the user's core information.
With the digital yuan, will user transaction information be monitored and tracked?
Digital RMB follows the principle of "small amount anonymity, large amount traceable according to law", attaches great importance to personal information and privacy protection, fully considers the business risk characteristics and information processing logic under the existing electronic payment system, and meets the public's demand for small and anonymous payment services. At the same time, we will prevent digital yuan from being used for telecommunications fraud, online gambling, money laundering, tax evasion and other illegal and criminal acts, and ensure that relevant transactions comply with anti-money laundering and anti-terrorist financing requirements. The digital yuan system collects less transaction information than the traditional electronic payment model, and is not provided to third parties or other government departments unless expressly provided by laws and regulations.
If I have a problem using the Digital Rmb App, where can I go to consult?
Pilot activity customer service telephone: 400 139 1000. Customer service hours: 8:00-22:00
Edited | Duan Lian Wang Jiaqi
Proofreading | He Xiaotao
Daily economic news is synthesized from the Central Broadcasting Network, the Financial Times, public information, etc
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