Suzhou's 20 million digital RMB red envelopes are here to increase online consumption scenarios and offline wallet experience

Source: Beijing Evening News

The pilot test of digital RMB has made new progress! Following the distribution of digital RMB red envelopes in Shenzhen, Suzhou will distribute 20 million yuan of digital RMB consumption red envelopes to eligible Suzhou citizens in the form of "lottery draw". The lottery registration channel will be officially opened on the 5th. What is different about the digital RMB red envelope this time? What new explorations are there in digital RMB? Suzhou's digital RMB consumption red envelopes have once again aroused the public's curiosity about digital RMB.

100,000 red envelopes

The number of banks opening the business increased to 6

On the evening of the 4th, the news that Suzhou will distribute 20 million yuan of digital RMB consumption red envelopes was quickly posted on WeChat Moments, and "friends" from other cities expressed envy. There are a total of 100,000 red envelopes, each with a value of 200 yuan, which has made many Suzhou citizens eager to try.

Early in the morning of the 5th, Mr. Gu, a Suzhou citizen, registered on the "Su Zhoudao" App through his mobile phone. "After Shenzhen issued the digital RMB red envelope, I have been looking forward to Suzhou, which is also a pilot city, to move forward quickly, and finally this day has arrived." Mr. Gu said excitedly.

Similar to the last distribution of digital RMB red envelopes in Shenzhen, participants also need to register online and draw lots. Winners can download and register the "Digital RMB App", receive red envelopes, and spend at designated merchants within the deadline.

The reporter learned that the registration for this appointment will start at 0:00 on December 5 and end at 24:00 on December 6. Participants will know whether they have won the lottery on the 11th, and the "lucky ones" can then start the "buy, buy, buy" consumption experience until 24:00 on the 27th, and the unused red envelopes within the validity period will be recycled.

However, compared with the last digital RMB red envelope test in Shenzhen, this time the activity in Suzhou has been further expanded. In addition to the four major banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank, the Bank of Communications and Postal Savings Bank of China have been added to the digital RMB wallets. It is reported that the project teams led by these six banks have met the conditions for participating in this event, and other participating research institutions are actively conducting research and development.

If you don't have a bank card from the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the Construction Bank of China, the Bank of Communications, and the Postal Savings Bank of China, can you participate in this reservation activity? Relevant people said that the digital RMB consumption red envelopes will be issued to individuals who open digital RMB wallets as required, and they can be consumed directly without binding a bank card.

Covering nearly 10,000 merchants

Added online consumption scenarios for the first time

Where can the digital RMB consumption red envelopes issued by Suzhou be used? The reporter learned that in conjunction with the "Double 12 Suzhou Shopping Festival" event, the digital RMB consumption red envelopes issued this time can be used in nearly 10,000 merchants designated by Suzhou, covering shopping malls and supermarkets, daily retail, catering consumption, life services and other categories, covering the core business districts and key supermarkets in all sectors of the city.

It is worth mentioning that this is the first time that the online consumption scenario of the digital RMB has been launched - winners can make online purchases through JD.com.

JD.com said that winners can use digital RMB to pay for JD.com's self-operated products. In addition, citizens whose delivery address is in Xiangcheng District, Suzhou can also choose to pay for JD.com's self-operated products on delivery using digital RMB, and can experience digital RMB payment without leaving home. In addition, during the event, offline stores such as JD.com convenience stores can also support digital RMB payment.

Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, introduced that the central bank will not charge any transaction fees for using digital RMB for payment, whether offline or online, which can greatly reduce transaction costs while improving the efficiency of the payment system.

The Fanhua Center in Xiangcheng District, Suzhou, is one of the offline scenarios for using digital RMB consumer red envelopes for payment. "From top to bottom, everything is ready." Sun Xudong, chairman of Jiangsu Columbus Business Management Co., Ltd., said that the Fanhua Center is a shopping center under the company. More than 200 merchants in the center are ready to accept digital RMB transactions, and the training of merchant cashiers and machine upgrades have been completed with the assistance of banks.

"The red envelopes can be used in a variety of scenarios and cover all core business districts in Suzhou." A relevant person in charge of the Suzhou Local Financial Supervision and Administration Bureau said that the issuance of digital RMB consumption red envelopes can allow Suzhou citizens to experience more diverse and convenient payment services, and it is also an innovative practice to stimulate consumption and boost domestic demand.

No-network payment will be launched

You can experience offline wallet

In addition to the digital RMB red envelope test, Suzhou also launched an offline wallet experience plan. "This means that in this pilot activity, in an off-network environment, customers can use an app with digital RMB offline payment function to complete transfers or payments through a 'touch and pay' of their mobile phones," said Mu Changchun.

The reporter learned that the offline wallet experience refers to the situation where, under no network or weak network conditions, users do not connect to the backend system when conducting transactions or transferring funds, but instead verify user identity, confirm transaction information and make payments in the "wallet".

Suzhou citizens who participate in the appointment registration can also sign up for the offline wallet experience plan through the "Su Zhoudao" App, and regardless of whether they win the digital RMB consumption red envelope, they have the opportunity to participate in the offline wallet experience. However, not everyone who signs up can participate in the plan. The Suzhou Municipal Government will work with the operating agency to select some people from the applicants to experience it, and the number of people will be controlled within 1,000.

The reporter learned from the Digital Currency Research Institute of the People's Bank of China that the offline wallet experience activity has certain requirements for the mobile phone hardware of the participants, and only designated mobile phone terminals can participate. The operating agency will guide participants to install the "Digital RMB App" that supports the offline wallet experience version function, activate the offline payment function, and conduct consumption experience at designated merchants.