Like a raging fire in Beijing, Bing dwen dwen, a new wave of digital economy, has also been a new wave of the digital Olympic Games during the Winter Olympics. Touch and touch, code scanning payment, online purchase and post… Whether it is the rich non-contact payment function of digital RMB or the diversified trendy operation function, it has won the experience and praise of countless consumers at home and abroad.
consumer experience: the fastest use of digital RMB
Bing dwen dwen, can you pay in digital Renminbi? I want an ice pier pier. After the opening ceremony of the Beijing Winter Olympics, Beijing consumer Lin Lin (a pseudonym) experienced a trendy experience of digital RMB payment.
Lin Lin told the Beijing Business Daily that on the day of the opening ceremony of the Winter Olympics, several digital RMB booths were seen in the “bird’s nest”. Many consumers were asking how to download and open the use of digital RMB. The staff were very enthusiastic to help download. The booths also showed soft wallets, hard wallets and merchant collection terminals of digital RMB, Attracted a lot of viewers to stop.
In the franchise stores of the Winter Olympic Games, consumers lined up in an endless stream, “because some people don’t bring cash and can’t use third-party payment, I feel that the number of people using digital RMB is still much more than usual”. Lin Lin said that because she didn’t bring cash, she downloaded the digital RMB app on site, opened and registered for about one minute as a whole, which is not much different from third-party payment. There are many payment methods, which can realize second speed payment without jamming in the whole process. As long as Bing dwen dwen App, the payment code is shown to the merchants, and the payment is made. Lin Lin finally bought a “ice pier pier” pillow with 78 yuan.
Beijing Business Daily reporter learned that limited to the provisions on brand equity of the Winter Olympic Games, visa, cash and digital RMB payment are supported in the Winter Olympic venues. For users who are used to mobile payment, using digital RMB can save the inconvenience of carrying cash.
Another consumer Wang Li (pseudonym) also told the Beijing Business Daily that the licensed commodity retail stores of the Winter Olympics generally support three payment methods, including visa card and RMB cash, but the use is cumbersome. There are many visa cards for foreigners, and some of the audience who go to the scene use RMB cash. For her, digital RMB is the fastest to use. When she went to the “Water Cube” to buy peripheral products on the first day, a staff member suggested that she could download digital RMB. She downloaded it at that time and has been using it all the time. She felt it was very convenient.
During the Winter Olympics, more and more Chinese residents and foreign friends can use rich digital RMB products in China to enjoy the convenience of small mobile payment.
contactless payment: unique epidemic prevention advantage
In the view of the industry, digital RMB has a variety of payment methods, which can not only facilitate non-contact payment, but also fully meet the epidemic prevention requirements of the Winter Olympic Games and help the safe Olympic Games.
The reporter of Beijing Business Daily found that there are many channels to open digital RMB. Consumers can choose to use digital RMB app or exchange digital RMB hard wallet. The opening of digital RMB hard wallet is simple and convenient. Consumers can easily obtain and open digital RMB wallet through Bank Of China Limited(601988) outlets, Hard Wallet self-service exchange machines, designated hotels and other channels; Soft wallet digital RMB app can be downloaded and obtained in major application markets in China.
Specifically, the digital RMB app has been put on the shelves in various mobile app stores in China (including Hong Kong, Macao and Taiwan). Foreign visitors using apple phones can register their Apple ID in China, search for keywords such as digital RMB and ecny through the app store, and find the download and installation of digital RMB app. Using Android phones, you can go to the official download page of digital RMB (Bank of China provides access to QR code), download the installation package and install it directly. At present, the digital RMB app supports the mobile phone number registration and wallet opening of nearly 100 countries and regions participating in the Winter Olympics.
“Due to the loose coupling of bank accounts of digital RMB, opening a wallet does not necessarily require a bank account. If consumers just want to make daily small consumption, they can open four types of wallets of any operation organization only by using their mobile phone number.” According to a banker, overseas visitors to China can apply for hard wallets according to their own needs, or open anonymous four types of wallets through the digital RMB app downloaded in China using their overseas mobile phone number, and exchange cash and foreign cards for digital RMB. At present, hard wallets include card hard wallets, bracelet hard wallets and other forms, which can be obtained and used anonymously, which is safe, convenient and fully protect personal privacy, and fully meet the needs of users for small and anonymous payment.
In addition to the convenience of opening, in terms of payment methods, whether it is the touch of hard wallet, or the code scanning payment of soft wallet and online purchase, they all meet the epidemic prevention requirements of the Winter Olympic Games through non-contact payment. Many analysts pointed out that digital RMB provides consumers with a good experience with its convenient and fast payment method, which fully reflects the security, convenience, non-contact and other advantages of digital RMB.
As pan Helin, member of the information and communication economy expert committee of the Ministry of industry and information technology and executive director of the Digital Economy Research Institute of Zhongnan University of economics and law, commented, the unique advantage of digital RMB lies in that, on the one hand, it provides security and good protection of user information, on the other hand, it also provides convenience, especially in the context of preventing contact during the epidemic, Commodity trading can be realized in more scenarios, such as offline scenarios. Compared with cash payment, digital RMB is more convenient. Compared with third-party payment, digital RMB has the functions of security and offline payment.
further broadening of pilot groups: a preliminary attempt for future international water testing
Now, the pilot of digital RMB is advancing steadily. Especially after the new year, we entered the “full test” stage, and the pilot actions are also continuous.
The digital RMB consumption scene fully launched in the Winter Olympics is also considered by the industry as a full interview operation before the full use of digital RMB in China, which will become an excellent window for subsequent promotion to international friends. As Li Quan, Professor of finance at Nankai University, director and chief economist of the Federal Reserve securities, said, in the Winter Olympics consumption scenario that has been opened, digital RMB can be applied for soft and hard wallets according to the needs of various groups. Not only can overseas mobile phone numbers be operated, but also digital RMB can be exchanged by using cash or foreign currency bank cards, This also shows the extensive use path of digital RMB, expands its experimental group, and makes a preliminary attempt for the international test of digital RMB in the future.
Wang Tong, a senior analyst, said that it is not only a valuable scenario for the promotion of RMB in the next phase of the Winter Olympic Games, but also a valuable scenario for the promotion of RMB in the next phase of the Winter Olympic Games.
At the previous press conference on financial statistics in 2021, Zou LAN, director of the financial market department of the central bank, revealed that “as of December 31, 2021, there have been more than 8.0851 million digital RMB pilot scenarios, 261 million personal wallets have been opened, and the transaction amount is 87.565 billion yuan”.
Looking forward to the follow-up pilot, pan Helin said that the pilot scenario of digital RMB has achieved full coverage compared with the past cash use scenario, and digital RMB can completely replace the use of cash. He believes that some exploration can be made in the cross-border use of digital RMB in the future, which is not limited to the Chinese scenario. We can try to promote the internationalization of RMB through digital RMB.
“The progress of digital RMB can be described as thousands of miles a day. The two payment giants support the opening and use of digital RMB entrance in app. The layout of consumer scenes continues to be promoted. In addition, the smooth landing of the Winter Olympic Games also complements the experience of digital RMB promotion in large-scale projects.” Wang Pengbo said, “next, we look forward to the integration of digital RMB and daily high-frequency consumption scenarios. How to make more users and businesses accept digital RMB as part of daily payment, so as to improve the use frequency of users and carry the landing of Inclusive Finance in a wider range.”
