Follow the voice of the storm
Elevate your thinking
Guide
The mainland is currently promoting the digital yuan pilot, including the digital yuan wallet APP, this article is for some experiences.
This article is some of the experience, it can be said that the content is still some things, but not much.
The mainland launched a digital yuan pilot a few years ago, and also launched a digital yuan wallet APP, which was launched in the mobile app store in January this year, out of a natural curiosity about new things, downloaded one down and used it for a while.
The Huawei mobile phone I used, searched for "digital yuan" in the app store, and found the wallet APP, the download volume is not large, more than 20 million times.
First of all, this wallet APP still has to enter the mobile phone number to register, I thought it was anonymous, because the news said that the digital yuan is actually equivalent to the cash in circulation, that is, M0, I thought it was an anonymous APP.
However, it is still necessary to register the mobile phone number, and this mobile phone number can still track personal information. Therefore, the digital yuan is still different from cash banknotes, and banknotes are truly anonymous.
After registering an account, enter the APP, in the following figure will let you "open or add a digital wallet", click in and then choose different service operators, all of which are banks. There are banks to choose from, from the four major banks to Alipay's online business bank and WeChat's WeBank, I just chose WeChat's WeBank, and then I can open a wallet.
Below an account, you can create several wallets, each corresponding to a service operator. The APP is written "open an anonymous wallet", because there is no need to enter additional ID card information, nor do you need to bind a bank card, just verify the mobile phone number can choose a bank as a service agency, so it is anonymous for the banking institution that operates.
However, for banks, in fact, you can find your identity information with a mobile phone number, which is actually not anonymous.
At first, I did not understand why the wallet should be bound with various bank operating institutions, is the server of the developer of the APP can not manage these virtual wallets, in fact, the digital yuan wallet also needs to have professional financial institutions to serve users, this professional financial institution is of course a bank, and can also use a large number of physical institutions of the bank to provide offline services.
The digital rmb adopts a two-tier operation system, that is, Chinese Bank does not directly issue and exchange the central bank's digital currency to the public, but first converts the digital yuan to the designated operating institutions, that is, the commercial banks above, and then these banks convert it to the public. The operating institution needs to pay 100% of the reserve to the People's Bank of China, which is the 1:1 exchange process. This two-tier operating system is basically the same as banknote issuance, so it will not have a big impact on the existing financial system, nor will it have a big impact on the real economy or financial stability.
In other words, the money you put into the wallet APP will not be lent out by the bank.
What services can these banks provide?
The wallet opened after registration with the mobile phone number is only four types of wallets, which are limited to a maximum of 10,000 yuan, that is to say, if I want to hide private money behind my wife's back, I can only put 10,000 yuan in it, and the single payment is up to 2,000 yuan, the maximum payment is 5,000 yuan per day, and the cumulative payment is up to 50,000 yuan a year. From the user's point of view, this restriction is obviously not as convenient as Alipay and WeChat, nor is it as convenient as the app of major banks.
If you want to increase this upper limit, then you have to enter the ID card account number, bank account number, etc. to upgrade the wallet level to the third or second type of wallet, if you want to upgrade to the highest level of a type of wallet, but also to go to the financial institution to face the signature, this interview agency is currently restricted to some large cities in the country.
The need for physical institutions to provide services such as face-to-face visas is obviously the reason why APP developers want our users to choose the service operator of the wallet, and after upgrading to a first-class wallet, there is no limit to the amount that can be deposited and the amount that can be transferred out.
In addition, as will be mentioned later in this article, if you need a digital yuan hardware wallet like a bank card (there is a picture at the back of this article), you also need to go to the bank to handle it, in other words, the digital yuan also needs professional entity services.
The following figure is the home page of the digital YUAN APP, using the NFC function of a touch, as well as scanning the two-dimensional code of the merchant can pay money, and WeChat Alipay is no different, the "receipt and payment" in the following figure, you can also show your own two-dimensional code to the cashier so that her scanning gun sweeps you to pay.
Charging money to the wallet is also very simple, allowing you to choose a bank, and then jump directly to the interface of the bank APP.
But the most interesting thing is the service, that is, what can be used to use this digital yuan wallet, as shown in the following figure.
There is a "sub-wallet" function, after clicking on it, a series of merchants let you choose, select this merchant is to create a sub-wallet corresponding to this merchant, that is, to push the digital yuan payment service to the APP of each merchant.
For example, if you choose Meituan here, when you open the Meituan APP to order takeaway, its payment method will display the option of digital yuan, I looked at it today, Didi Chuxing, Hungry, Meituan, Hema Fresh, SF, Suning Tesco and other merchants have supported digital yuan payment.
All you need to do is create sub-wallets for these merchants on the Digital Yuan APP.
The following figure is the two interfaces of the sub-wallet, I only chose to create the Meituan, Tmall, Hungry, Hema four sub-wallets, then when I use the APP consumption of these four, the payment options will have digital YUAN payment options, pay up and WeChat and Alipay the same, enter the payment password on it.
However, what is more interesting is the "red envelope function" and "paste a sticker" function of the service interface. This red envelope is not sent to each other by users, and sending each other is the function of transferring money. This red envelope is sent by the government, as well as various companies and institutions to the user's digital RMB wallet, such as the APP of major banks to engage in activities, you choose me as the service agency of the wallet, I will send you red envelopes to your wallet APP, such as the government to the people to send consumption red packets, such as the Meituan takeaway APP to engage in activities to send red envelopes to the digital RMB wallet and so on.
Note that this red packet cannot be transferred out to the bank card at present, that is, it is for you to use it, and you can also specify the validity period and use scenario. This is also very easy to understand, the government gives you red envelopes, is to let you go to consumption, not let you buy investment and financial management, if you can transfer out to the bank card, then you can invest in the stock market, the housing market, and buy financial products.
In addition, "stick a sticker", that is, mobile phones and other forms of hardware wallets between each other to transfer money, such as bank card-style RMB wallets, or bracelets, etc., the following figure is two card-type digital RMB wallets issued by different banks, there are small windows on it that can directly display the amount, and the use of electronic ink screen technology should be used.
In fact, the hardware is not only a mobile phone, but also a bracelet, a card and other forms, and everything can be used to pay.
Well, to briefly say some ideas, of course, first of all, the digital yuan is a currency, and the digital yuan wallet APP, bank APP, WeChat and Alipay are only payment channels and means, but from the perspective of our users, there are the following differences:
1: For users, there is one more form of payment between anonymous and real name
No need to open a bank account, do not need to enter the ID card number registration, only need to register with the mobile phone number, with the digital YUAN wallet APP can receive money and pay money, which is also different from the bank card, as well as WeChat pay, Alipay, these are the need for personal identity information to open, so the digital yuan wallet can be considered anonymous, although in fact, through the registered mobile phone number can actually still track out who you are.
In addition, this anonymity is only for four types of wallets, all kinds of amounts have restrictions, such as a maximum of 10,000 yuan, a single payment of up to 2,000 yuan, a single day to pay up to 5,000 yuan, which is obviously not enough, my return to my hometown family round-trip ticket will exceed the upper limit of 5,000.
If you want to transfer in and out of a large amount, you have to upgrade four types of wallets to three types, two types or even one type, and this upgrade still requires entering personal information and bank card information.
However, it still makes sense that small payments do not require a bank account, such as some Chinese people who do not have a bank account, and foreigners who come to China for tourism and business trips, which can be paid with digital yuan wallets. Therefore, paper money, digital yuan wallet, as well as bank APP, WeChat pay, Alipay are different payment forms.
Paper money anonymity is the best, digital RMB wallets can be considered semi-anonymous in the middle, WeChat Pay + Alipay + Bank APP is the real name. Paper money is offline, and the latter two are online.
The public can choose according to their own needs.
2: Because the digital yuan is cash, there is no need to transfer in and out between the wallet APP and the bank card, which is like you go to the bank to deposit cash into the bank card, there is no need for a handling fee.
This is also different from WeChat and Alipay, WeChat change and the money in Alipay is transferred to the bank card, and Tencent and Ali are charged a handling fee.
3: There is no interest in the digital yuan wallet.
This is very important, the reason why there is interest in saving money in the bank is because the bank has loaned out the money you have deposited and got the loan income, so it will give you interest on the deposit.
The same WeChat and Pay buy financial management, but also because the money is taken to invest, so it will give you interest income.
And the digital yuan is all cash, each operating bank is to pay 100% of the reserve to the Chinese Bank, that is, you transfer the cash into the digital yuan APP, the bank that serves you will not lend it to the market, so there is no interest to you.
4: It has enriched the channels for the government to issue cash, and also enriched the channels for the government to accurately send money, and has also enhanced the government's ability to accurately stimulate the economy.
Now cash banknotes are used less and less in daily life, through the digital yuan wallet, then the government actually has one more means of issuing cash. For example, the kindergarten where my child is located issues government subsidies, and the teacher asks each parent to report the bank card number, account opening bank and other information, and now the government can send money directly to the digital yuan wallet.
Note that there is still a difference between the two, the bank card sent to me is a demand deposit, there is a demand interest, and the digital YUAN wallet is cash, there is no interest.
This difference is very important, for example, the government wants to send money to the people to stimulate consumption, if issued to the bank card will become a demand deposit, the people may not necessarily take it to consume, may be used to buy financial management and the like to continue to save and eat interest, there is no purpose of consumption.
And through the form of red envelopes sent to the personal digital RMB wallet, the money in the red envelope has no interest, can not be transferred out to the bank card, can not be withdrawn, only when the consumption can be deducted with red envelopes, which ensures the accurate stimulation of consumption.
Moreover, the red envelopes issued by the government can also specify scenes and limit the validity period, just like the red envelopes we received on the Didi APP, Meituan APP, etc., so that we can achieve precise control of the industries, regions, and times that need to stimulate consumption.
5: At present, the digital RMB wallet is mainly used in the domestic retail scene, but in the future, it can also be linked with the RMB cross-border payment system CIPS to achieve overseas retail payment, which can enrich the Chinese the means of payment abroad.
This can be considered as a kind of payment infrastructure construction, and the infrastructure is built, which is conducive to the internationalization of the renminbi.
This is very easy to understand, today the dollar, the euro why is the international currency, you go to China's domestic bank outlets, it is easy to apply for a credit card with a dollar and euro account, you can also handle the euro and the dollar international remittance, the reason is that they are connected to the dollar and euro cross-border payment system through various ways.
Cross-border payment systems like the US dollar are called CHIPS, and our counterpart CIPS has access to far fewer banks.
Finally, from the user's point of view, first of all, the consumption scenario of digital yuan is still too small, unlike WeChat and Alipay, especially WeChat has opened up almost all consumption scenarios. And as far as the current situation is concerned, even Alipay is greatly inferior in the competition with WeChat, the daily restaurants and roadside stalls of this kind of micropayment scene, the proportion of using WeChat payment is almost seventy or eighty percent or even higher, the rest is Alipay and other payment methods, so the new APP even if it and Alipay open up all the scenes, it is difficult to compete with WeChat, because the habit has been formed.
Secondly, whether it is WeChat or Alipay, there is interest on the money in it, and the WeChat balance and balance treasure can also be used to pay while enjoying the interest, which is very attractive, and the digital yuan wallet is cash, and there is no interest.
Then in the use experience, there is also some gap between the digital yuan wallet and WeChat Alipay, such as transferring money to other people's wallets, if other people's wallets are anonymous four types of wallets, then you can transfer money directly through the mobile phone number or wallet number, and if the other party is a real name of the three types, two types, one type of wallet, even if it is transferred a few yuan, you have to enter the other party's name, which is not as convenient as WeChat.
For users, the biggest value seen at present is the red envelope function, that is, the red envelopes promoted by the government and various commercial institutions, such as some banks, takeaway APP, as long as you choose this bank as the operating agency of the wallet, or open a digital YUAN payment in this takeaway APP, you will send some red envelopes to your digital RMB wallet APP.
In addition, if the government engages in consumption red packets, it will also be sent to your digital yuan wallet, before Shenzhen has engaged in a wave of activities and issued a lot of red packets.
On March 25, the Shenzhen Municipal Government announced that it would issue 500 million yuan of consumption coupons in the form of digital yuan red envelopes. It was mentioned that "the "Shenzhen Special Zone" was set up on a large-scale e-commerce platform, and key enterprises in the fields of consumer electronics, clothing and clothing, gold jewelry, glasses and clocks, home decoration, food and beverages in the city were organized to settle in, and 500 million yuan of funds were arranged to issue consumption coupons, and the issuance of digital RMB red envelopes was promoted to drive the formation of consumption hotspots. ”
Other user experiences are not as good as WeChat and Alipay, or worse, which is the current problem. In short, the digital yuan is not so mysterious, in fact, it is the online version of cash, there is no interest, no fee is required for transfer in and out of the bank card, and the government and commercial institutions can accurately issue consumption red envelopes or ordinary red envelopes.
Of course, in general, the emergence of the digital yuan is beneficial to the government's more effective management of economic activities, of course, it is still necessary to let the broad masses of the people use the digital yuan wallet APP more to play a greater role.