Digital RMB SIM card hard wallet is online. You can pay by tapping it without electricity or network.

"Touch and pay"! "SIM card hard wallet" is finally online! Recently, the digital RMB SIM card hard wallet jointly developed by China Mobile, China Telecom, China Unicom, Bank of China and Industrial and Commercial Bank of China was officially launched on the Digital RMB App. It not only supports payment without network and electricity, but also can be used when the mobile phone is disconnected from the network, the screen is on, the screen is off, and the phone is shut down without power. Users only need to go to the business hall to replace or receive a new super SIM card. However, currently only Android phones with NFC function support the use of SIM card hard wallets.

"SIM Card Hard Wallet" is online

"You don't need to scan the code or call up the QR code. You only need to touch the locked or even turned-off phone to the merchant's POS machine to complete the payment. It's so convenient." Citizens who have experienced the "SIM card hard wallet" can't help but sigh. With the launch of the digital RMB SIM card hard wallet, completing payments without electricity and network has finally become a reality.

Recently, the Industrial and Commercial Bank of China announced that the digital RMB SIM card hard wallet jointly developed by the bank and China Mobile Communications Co., Ltd. has been officially launched on the Digital RMB App; on the same day, the Bank of China stated that it has jointly launched the SIM card hard wallet product on the Digital RMB App with China Telecom and China Unicom.

So, what is a "SIM card hard wallet"? When can a "SIM card hard wallet" be used?

The so-called SIM card hard wallet refers to linking the digital RMB soft wallet to the super SIM card issued by the operator, so that the SIM card has the digital RMB payment function. Therefore, this requires digital RMB users to replace or receive a new super SIM card at the business hall of China Mobile, China Telecom, and China Unicom, install it on the mobile phone, and then log in to the digital RMB APP to activate the SIM card hard wallet.

The reporter learned from ICBC that China Mobile users using super SIM cards can log in to the Digital RMB App, open an ICBC wallet and a SIM card hard wallet, and then realize NFC “touch and pay” on acceptance terminals that support digital RMB hard wallets.

At the same time, the bank also introduced that the SIM card hard wallet supports payment without network and power, and can be used when the phone is disconnected from the network, the screen is on, the screen is off, and the phone is shut down without power. If the phone is lost, the user can log in to the digital RMB App on another phone and report the loss of the SIM card hard wallet to prevent financial loss. At the same time, the super SIM card has the characteristics of larger storage capacity, higher payment security, and more application hosting. The security level is the same as that of mainstream financial IC chips, which guarantees the security of user data in the SIM card to the greatest extent.

Su Xiaorui, senior consultant of the financial industry at Analysys, said that the launch of the digital RMB SIM card hard wallet on the digital RMB App means the further enrichment of the digital RMB hard wallet system, and also reflects the continued strengthening of the connection between soft and hard wallets.

In addition, the Bank of China also stated that the SIM card hard wallet will be launched in some pilot areas for invited users in the near future, and will be promoted to other pilot areas in stages. It is worth noting that currently only Android phones with NFC function support the use of SIM card hard wallets.

Will continue to expand SIM card hard wallet payment scenarios

"The SIM card hard wallet can enable the digital RMB to be more widely embedded in terminal devices such as smartphones, improve the coverage of hard wallets, and increase the popularity of the digital RMB." Many industry experts said.

It is also predicted that in the future, SIM card + digital RMB will further expand the scenarios and play a greater role in the promotion of digital RMB around small-amount and high-frequency consumer payments. "Innovation should be carried out based on the required scenarios, combined with more popular media such as mobile phones and wearable devices, to increase the scope of use."

An important carrier of the SIM card hard wallet is the super SIM card, which has a built-in financial-grade encryption chip, combining the traditional SIM card and the large-capacity memory card into one. Compared with the SIM card on the market with a maximum storage capacity of only 512KB, the super SIM card has a memory increased to 32G~128GB.

Super SIM card is the basic entrance to the 5G era. It can be used as a meal card, access card, transportation card, car key, or for 5G electronic signature, large-amount transfer, etc. At present, Super SIM card has covered the three major operators of China Mobile, China Telecom, and China Unicom, and has been implemented in dozens of provinces and cities across the country.

Pacific Securities pointed out that with the advancement of 5G and digital currency, the form and function of SIM cards will undergo revolutionary changes. Operators will use SIM cards as the entrance to the Internet of Everything, digital authentication and application expansion, and the country will use SIM cards as the hardware carrier of national credit. eSIM cards and super SIM cards will be the categories that will explode in the future of the Internet of Things, mobile terminals, and hard wallets.

It is worth mentioning that according to Databao statistics, in A-shares, SIM card-related concept stocks mainly include Tianyu Information, Hengbao Shares, Chutianlong, Eastcom Peace, and Unigroup Guoxin, which are super SIM card chip suppliers. In the secondary market, yesterday, Tianyu Information, Hengbao Shares, Chutianlong, Eastcom Peace, and Unigroup Guoxin all closed in the red after falling the previous day.