On October 23, Huawei and industrial and commercial bank of China joined hands to innovate in the digital yuan application scenario, taking the lead in supporting digital yuan wearable payment, and jointly demonstrated the progress of project cooperation in the Huawei Developer Conference 2021 (Together) "Wallet Payment and Membership Service" sub-forum, users bound the digital yuan wallet to the Huawei Watch 3 series watches, used the watch to touch the quick payment, and the two sides also looked forward to future cooperation in the digital yuan multi-dimensional scenario.
"Huawei participated in the formulation of the digital yuan hardware wallet standard specification, provided strong technical support for the realization of the dual offline transaction of the hardware wallet, and continuously explored the application scenario of the digital yuan, and this time it cooperated with the Industrial and Commercial Bank of China on the use scenario of the digital yuan hardware wallet to experience the innovative function of the digital yuan in wearing." With the release of HMS Core 6, through the wallet Kit's new capabilities to support access to the digital yuan function and gradually open to industry partners, we will continue to work with the Digital Currency Research Institute of Chinese Minzu Bank and relevant pilot institutions to innovate and build a prosperous digital yuan ecosystem," said Ma Chuanyong, president of Huawei Consumer Business Payment BU.
Chen Jing, Deputy General Manager of the Personal Finance Department of Industrial and Commercial Bank of China Shenzhen Branch, said: "The launch of the Digital Yuan Smart Watch marks a solid first step in the cooperation between our bank and Huawei Wallet in the field of digital yuan. In the future, while steadily promoting the practical results of the business pilot work, the two sides will continue to work closely together, give full play to their rich resources and significant advantages in the fields of finance and technology, continue to deepen the integration and iteration of digital yuan and innovative technologies such as 5G, Internet of Vehicles, and Internet of Things, provide a comprehensive Internet of Everything payment experience, build a new digital yuan ecosystem with the principle of openness and inclusiveness, and contribute to the construction of digital China. ”
Huawei is supporting digital yuan to achieve financial inclusion, in addition to wearing support for digital yuan payment, Huawei mobile phone POS has also realized the simulation of merchants to achieve digital yuan transactions, and through smart contracts to achieve payment in specific scenarios; for barrier-free scenarios, Huawei is also combining the advantages of experience and technical capabilities in accessibility to help digital yuan barrier-free services, so that more consumers can benefit from digital inclusive finance.
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