This article Source: Securities Daily • Finance Court No. 1, author: Li Bing
“I feel like I am in possession of a koi carp, and I am very happy to participate in this digital RMB pilot activity.” Consumer Mr. Wang said excitedly to the “Financial No. 1 Institute”
At 20 o’clock on December 11, the Suzhou digital RMB red envelope pilot program officially opened. “Financial No. 1” visited the offline pilot of Wuyue Plaza (hereinafter referred to as “Wuyue Plaza”) in the high-speed rail new city of Xiangcheng District, Suzhou City. Within one hour after the event opened, the Jingdong Home on the first floor of Wuyue Plaza There are many users who use digital renminbi to check out and pay, and all have achieved instant payment and no card delay.
“It feels very good, and the speed is very fast.” After completing a digital RMB payment, consumer Mr. Zhang expressed his consumption experience to the “Financial No. 1 Yard”.
“Financial No. 1” communicated with many consumers and found that most consumers are very positive about participating in this pilot activity. “The digital renminbi wallets of 6 banks were opened in the first time. There is no obvious difference between the above. “The above-mentioned consumer Mr. Wang told reporters, “The opening process is very convenient and there is no very cumbersome verification process.”
The Suzhou pilot has multiple innovative scenarios and over 10,000 offline merchants participate
Regarding the characteristics of the digital RMB pilot in Suzhou, Guo Yanhao, deputy director of the Local Financial Supervision and Administration Bureau of Xiangcheng District, Suzhou City, introduced to the “Financial No. 1 Institute” that a total of 100,000 digital RMB consumption red packets were issued this time, and the number of red packets issued was the pilot in Shenzhen. Twice, in the application scenario, more than 10,000 offline merchants participated. “At the same time, we ushered in the cooperation with JD Digital. There will also be some citizens who can participate in the experience of the characteristic “dual offline payment” function.”
He emphasized that the digital RMB pilot in Suzhou has many innovative scenarios, including smart parking and parking payment, which are basically fully implemented in Xiangcheng District, Suzhou.
After the launch of the Suzhou digital renminbi pilot program, the “Financial No. 1 Institute” visited a number of pilot malls and merchants. In Wuyue Plaza, the reporter noticed that there were a number of promotional signs about digital renminbi at the entrance of the mall. Roll-up banners were placed in front of merchants that support digital renminbi payment, and the wall was also posted “Welcome to digital renminbi e- The sign of “CNY” is displayed on the counter in the store with a two-dimensional code standing sign and a “touch” induction sign.
Ms. Shen, the store manager of JD Home, said to the “Financial No. 1 Yard”, “As one of the digital RMB red envelope pilot merchants, we have prepared for about one month, JD Digits staff will conduct POS machine transformation and use training for merchants. In fact, it is not difficult to use, it is more convenient and quicker than before. I feel that the payment is completed in less than a second.”
Lu Yunhan, the manager of JD Digital’s digital renminbi project, admitted to the “Financial No. 1 Institute” that since participating in the digital renminbi project before, he has been constantly exploring corresponding technologies. “We will not go back to a new experience path. We hope that for the merchant B-side, we can ensure user experience, reduce user learning costs, and better communicate with users.”
The six major banks “all on stage” completed their first transactions
It is understood that as important operating institutions, the six major banks of Industry, Agriculture, China, Construction, Communications, and Postal Savings have participated in the digital RMB pilot test, and they have successfully completed the first transaction of the Suzhou digital RMB pilot.
Guo Yanhao told the “Financial No. 1 Yard” that the six major banks fully participated in the Suzhou pilot. “The banking institutions participating in the pilot are all giving their support and cooperation.”
According to the digital renminbi wallet displayed to reporters by Mr. Liu, a citizen of Suzhou, the China Construction Bank digital renminbi wallet as an example, in the operation page of viewing the digital renminbi wallet, no bank card number is displayed, only the wallet number is displayed, and the daily limit is 10 10,000 yuan, a single limit of 50,000 yuan, and a balance limit of 50,000 yuan. The wallet is equipped with 9 management functions such as depositing into the wallet, transferring out of the wallet, transaction details, wallet upgrade, binding account, modifying transaction password, forgetting transaction password, canceling the wallet, and checking the wallet.
In another Ms. Su’s CCB digital renminbi wallet, it is shown that her digital wallet balance limit is 10,000 yuan, a single payment limit is 2,000 yuan, a daily payment limit is 5,000 yuan, and an annual cumulative payment limit is 50,000 yuan.
In addition, it is worth mentioning that the “Financial No. 1 Institute” found that in the digital renminbi APP, six major bank wallets can open sub-wallets and push some APP access.
“During this trial payment process for digital RMB in Suzhou, JD.com became the first and only scene that can connect to the six major banks.” Peng Fei, general manager of the corporate payment product department of JD Digital’s payment business department, said to the “Financial No. 1 Institute”.
Regarding the characteristics of the sub-wallet, Lu Yunhan said frankly, “Protecting personal privacy is one of the advantages of opening a sub-wallet. For apps like JD.com, it is impossible to obtain personal sensitive information, which can ensure that the privacy of users will not be leaked.”
“Dual offline” realizes no network payment, online payment takes only 0.5 seconds
As an important highlight of this digital RMB pilot, the “dual offline” payment function has attracted much attention from the outside world. This function allows both parties to complete transactions without a network.
At 11 o’clock on December 12, the “Financial No. 1 Institute” interviewed Ms. Lu who had just used the “dual offline” function to complete the payment at Suzhou Rainbow Shopping Center. She said that she had seen the publicity before and knew about this new feature, so she activated the mobile phone flight mode when she made the payment and tried it out. “The payment is completed in about 1 to 2 seconds. It feels very good and convenient. It really solves the problem that the payment cannot be completed without the Internet.”
And the receiving merchants also completed the payment without the Internet. Mr. Ma, the store manager of the three squirrels, told the “Financial No. 1 Yard”, “Our store is on the first basement level of Rainbow Shopping Mall. The network signal is not stable. This function (Dual offline) is very convenient for merchants.” He also showed to the “Financial No. 1 Yard” that from the start of the Suzhou digital RMB pilot program at 20:00 on December 11 to 11:04 on December 12, consumers were in the store Use digital renminbi to pay. The terminal of the collection device showed that the total amount of digital RMB collection was 585.37 yuan.
In addition to experiencing offline scenarios, the Suzhou digital renminbi pilot was connected to the e-commerce platform consumption scenario-Jingdong Mall for the first time, which became an important breakthrough in the pilot.
JD Digital told the “Financial No. 1 Institute” that at 20:00:02 on December 11, the country’s first e-commerce platform digital RMB consumption was born. It is understood that this consumption came from a post-90s consumer in Suzhou who placed an order on JD.com and paid in digital RMB. The payment process took only 0.5 seconds.
The 24-hour digital renminbi battle report released by JD.com shows that nearly 20,000 orders in the JD scene are paid in digital renminbi, and the largest single online payment amount exceeds 10,000 yuan.
According to disclosures, in the first batch of digital renminbi users in the JD scene, men accounted for more than women, and the younger generation became the absolute main force. The post-80s and post-90s accounted for nearly 80% of the total. Out of curiosity about the new payment method of digital renminbi, half of the users place an order within 1 hour of the event.
Lu Yunhan said frankly, “In the Suzhou digital renminbi pilot, JD.com is the first online e-commerce scene in the country to access digital renminbi and 6 banks at the same time. After receiving the task, the time is tight and the task is heavy, so there is no reference for the time being. We are blazing a path for objects and objects that we can learn from.”
However, it is worth noting that although my country’s digital renminbi research continues to deepen, there are also many analysts who believe that digital renminbi is still far from being widely popularized.
“The Suzhou digital RMB pilot project was carried out in conjunction with the’Double Twelfth Suzhou Shopping Festival’, with a high degree of openness and a wider range of participants and merchants. Based on the continuous maturity of the pilot, the scope of the pilot will be further expanded in the future, and will continue to cover daily M0 Various scenes in use.” Yu Baicheng, Dean of Zero One Research Institute, said to “Financial No. 1 Institute”.
“The digital renminbi pilot is progressing in an orderly manner, and more factors need to be considered when it is officially launched. According to the central bank’s caliber, it is carried out as planned. The time point for the actual launch is not clear.” Chen Wen, director of the Digital Economy Research Center, Southwestern University of Finance and Economics, said The reporter said.
Liu Bin, director of the Financial Research Office of the China (Shanghai) Free Trade Zone Research Institute, also admitted to the “Financial No. 1 Institute” that “the pilot digital renminbi is the work that must be done before the launch of the digital renminbi. It’s far. Digital RMB still needs many conditions, including supporting laws and regulations, wide recognition and support from the society, coordination of various ministries, the central bank’s reserves of technology and talents, and supporting infrastructure.”
