The digital yuan is becoming more and more "fragrant"

Recently, the Digital Yuan (pilot version) APP has been listed in Apple, Huawei, Xiaomi, OPPO and other application markets. Digital yuan "10+1" pilot areas, including Shenzhen, Suzhou, Xiong'an, Chengdu, Shanghai, Hainan, Changsha, Xi'an, Qingdao, Dalian and the Winter Olympics scene (Beijing, Zhangjiakou), where you can download and register and use the APP. The Economic Daily reporter found that at present, the APP has added WeBank (WeChat Pay) digital RMB wallet and MYbank (Alipay) digital RMB wallet.

The reporter found during the experience that selecting "My" on the Digital Yuan (pilot version) APP, and then clicking "Open or Add Digital Wallet", you can see the two new wallets, click and open, you can see the new "Digital Yuan" option in WeChat Pay and Alipay.

When using it offline, consumers can use digital yuan payment by scanning the digital yuan payment code through WeChat or Alipay, or showing the digital yuan payment code to the merchant. When consuming online, the same can use digital yuan to pay, consumers only need to click on the digital yuan "sub-wallet" function, and then the page will appear Jingdong, Meituan, Ele.me, Tmall supermarket, Didi Chuxing, SF Express and other merchant lists, after selecting the merchant, follow the prompts, you can use the digital yuan payment in the corresponding merchant APP. The reporter found that after adding a digital yuan sub-wallet to the Meituan, you can use the digital yuan to pay for the daily Meituan takeaway orders. Some merchants have also launched red envelope offers in digital yuan to attract consumers to experience.

"The launch of the Digital Yuan (Pilot Edition) APP is a major progress in the process of promoting the Digital Yuan." Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, said that the "threshold" of the first pilot was lowered - consumers in the pilot area could open wallets online to participate in the pilot, which could include more users and regions to participate in the test, and the breadth of testing was broadened. Secondly, it also means that the digital yuan pilot has entered the "full test" stage. The wallets of the nine major operating institutions support opening at the same time, which shows that the application of the digital yuan has become more and more mature, and the depth of testing may gradually strengthen. In addition, the APP is also more user-friendly in terms of application interface functions, and the user's experience will be better, which lays a good foundation for more comprehensive pilot promotion in the future. With the access of WeChat, Alipay and other digital yuan, the digital yuan pilot will cover more users. At the same time, the use of the digital yuan will also increase the stickiness of users of third-party payment platforms and Internet platforms.

After the launch of the Digital Yuan APP (pilot version), the enthusiasm for consumer experience is high. Meituan relevant sources revealed to reporters that after the digital yuan (pilot version) APP was launched and the digital yuan payment channel was opened in the Meituan takeaway scene, the number of users who added digital yuan sub-wallets on the Meituan platform rose sharply, the number of users who added sub-wallets on the APP shelves on the 3rd increased by 18 times a year,000-year, and the daily average increase in digital RMB transaction orders and transaction amounts increased by about 15%. Relevant people of the US group told reporters that the opening of digital yuan payment in the takeaway scene will form a virtuous circle with the digital yuan (pilot version) APP to jointly promote the accelerated popularization of the digital yuan.

The data shows that the opening speed of digital yuan personal wallets has accelerated significantly. According to the data released by the White Paper on the Research and Development Progress of China's Digital Yuan, as of June 30, 2021, more than 20.87 million personal wallets have been opened. According to the latest data, as of October 22, 2021, 140 million digital yuan personal wallets have been opened. In the same period, the cumulative transaction of digital yuan has been significantly enlarged. As of June 30, 2021, there were more than 3.51 million public wallets, and by October 22, 2021, there were 10 million public wallets. The cumulative number of digital RMB transactions increased from more than 70.75 million transactions and 34.5 billion yuan on June 30, 2021 to 150 million and 62 billion yuan on October 22, 2021, with rapid transaction growth. It can be seen that with the continuous enrichment of the digital yuan scenario, the transaction scale is rapidly expanding.

Industry experts believe that with the access of more and more high-frequency people's livelihood application scenarios such as Meituan takeaway, the application ecology and transaction scale of the digital yuan are expected to be greatly improved, and the digital yuan will accelerate the expansion of application scenarios and integration into the lives of the people. (Economic Daily reporter Chen Guojing)