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DBS China and UnionPay Business Cooperation Launch Enterprise Digital RMB Collection Business

Blockchain 2023-05-25 18:11:28 Source: Network

On May 25th, Beijing News Shell Finance (Reporter Jiang Fan) learned from DBS Bank (China) Co., Ltd

On May 25th, Beijing News Shell Finance (Reporter Jiang Fan) learned from DBS Bank (China) Co., Ltd. (hereinafter referred to as "DBS China") that the institution has recently launched its corporate digital Renmin coin collection business by deepening its strategic cooperation with UnionPay Business Co., Ltd.

With the continuous and steady progress of China's digital RMB pilot work, the scope of digital RMB pilot projects is gradually expanding and the application scenarios are constantly enriched, becoming an important choice for residents' daily consumption payments.

DBS China stated that the institution actively participates in the pilot work of digital RMB, expanding the online and offline one-stop payment capabilities of enterprise customers to digital RMB, achieving full coverage of payment channels, and further improving enterprise cash management solutions. Compared to traditional payment services, digital RMB payment currently has significant advantages in real-time currency wallet receipt, low cost, and offline payment capability.

In addition, DBS China stated that actively participating in the promotion and construction of digital RMB is in line with the strategic direction of DBS Group's layout in the field of digital currency. DBS China's investment in the digital RMB project also demonstrates its solemn commitment as a foreign bank to deeply cultivate the Chinese market.

Editor Wang Jinyu

Proofread Lucy

Tag: Business DBS China and UnionPay Cooperation Launch Enterprise Digital


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