Industrial Bank Facilitates Digital RMB Payment for Taiwanese Nationals, Empowering Cross-Strait Integration

Industrial Bank Facilitates Digital RMB Payment for Taiwanese Nationals, Empowering Cross-Strait Integration Industrial Bank has become the first financial institution in China to support Taiwanese nationals in upgrading their digital RMB wallets through a cooperating bank channel. It has also successfully implemented the country's first digital RMB unit wallet payment transaction for a Taiwanese-funded bank, providing Taiwanese nationals and companies with more convenient and secure payment experiences and promoting cross-strait integration

Industrial Bank Facilitates Digital RMB Payment for Taiwanese Nationals, Empowering Cross-Strait Integration

Industrial Bank has become the first financial institution in China to support Taiwanese nationals in upgrading their digital RMB wallets through a cooperating bank channel. It has also successfully implemented the country's first digital RMB unit wallet payment transaction for a Taiwanese-funded bank, providing Taiwanese nationals and companies with more convenient and secure payment experiences and promoting cross-strait integration.

Pioneering Innovation, Providing More Convenient Digital RMB Services for Taiwanese Nationals

Recently, Industrial Bank joined hands with Fubon Bank (China), providing digital RMB payment services for Taiwanese nationals. This achievement makes Industrial Bank the first institution in China to support Taiwanese nationals in upgrading their digital RMB wallets through a cooperating bank channel. This milestone marks a significant step forward for the application of digital RMB services in cross-strait integration, offering Taiwanese nationals and companies more convenient and secure payment options for their daily lives and business operations in mainland China.

Win-Win Cooperation, Supporting the Digital Transformation of Taiwanese-Funded Banks

The cooperation between Industrial Bank and Fubon Bank (China) provides convenience for Taiwanese nationals and also offers strong support for the digital transformation of Taiwanese-funded banks. As the Taiwanese-funded bank with the most branches and largest assets in mainland China, Fubon Bank (China) has successfully implemented the country's first digital RMB unit wallet payment transaction in collaboration with Industrial Bank, paving the way for digital RMB payments in Taiwanese-funded banks.

Multi-Scenario Applications, Empowering Cross-Strait Integration

The digital RMB services provided by Industrial Bank for Taiwanese nationals not only include basic functions such as personal wallet upgrades and merchant payment acceptance but also support consumers in making digital RMB payments at Taiwanese businesses. In the future, Industrial Bank will further deepen its cooperation with Taiwanese-funded banks, jointly expanding the application scenarios for digital RMB and contributing to cross-strait integration.

Convenient Experience, Enhancing Payment Efficiency

Taiwanese nationals can bind their Taiwan identity documents and open real-name digital RMB wallets through Fubon Bank (China). Compared to anonymous digital RMB wallets, real-name digital RMB wallets offer greater advantages in terms of transfer limits, balance caps, and other aspects, providing Taiwanese nationals with a more convenient and secure payment experience.

Deepening Cooperation, Building a Digital RMB Ecosystem

Industrial Bank has been committed to promoting the development of digital RMB applications, actively exploring cooperation models with different institutions, and continuously expanding the scope of digital RMB services. To date, Industrial Bank has provided digital RMB services to over 120 cooperating banks at the 2.5-level, building six major scenarios: consumption payment, collection and payment, financial services, e-government, cross-border payment, and joint marketing. This contributes to the construction of a digital RMB ecosystem.

The cooperation between Industrial Bank and Fubon Bank (China) represents a significant milestone in the application of digital RMB in cross-strait integration, further promoting cross-strait economic cooperation and peaceful development of cross-strait relations. In the future, Industrial Bank will continue to deepen its cooperation with Taiwanese-funded banks, providing Taiwanese nationals with more convenient and secure digital RMB services and contributing to greater achievements in cross-strait integration.