Bank of China Shanghai Branch Launches "Digital Smart Travel Card", Enabling Digital RMB to be Used in Multiple Scenarios with One Card

Bank of China Shanghai Branch Launches "Digital Smart Travel Card", Enabling Digital RMB to be Used in Multiple Scenarios with One CardOn the morning of November 6th, during the 7th China International Import Expo (CIIE), Bank of China Shanghai Branch, together with Shanghai Public Transportation Card Co., Ltd

Bank of China Shanghai Branch Launches "Digital Smart Travel Card", Enabling Digital RMB to be Used in Multiple Scenarios with One Card

On the morning of November 6th, during the 7th China International Import Expo (CIIE), Bank of China Shanghai Branch, together with Shanghai Public Transportation Card Co., Ltd., held a launch ceremony for the "Digital Smart Travel Card" at the Central Plaza of the National Exhibition and Convention Center (Shanghai). This marks a breakthrough in the exploration of digital RMB's seamless application across multiple scenarios. The newly launched "Digital Smart Travel Card" integrates both the digital RMB hardware wallet and public transportation card applications, each with its own independent rechargeable account, supporting multiple recharges.

The introduction of the "Digital Smart Travel Card" represents not only a significant step forward for Bank of China in enhancing payment convenience and expanding the application scenarios of digital RMB, but also a vibrant addition to the international development of digital RMB at the CIIE, a global trade event.

It is understood that the "Digital Smart Travel Card" can be used not only in transportation scenarios but also in various everyday activities, including daily consumption, shopping malls, tourism, and accommodation, providing users with a convenient payment experience. Users can apply for the card at the Bank of China's AI experience zone within the CIIE venue and recharge it with foreign currency at the Bank of China branches throughout the city and designated foreign exchange machines. Users can also link it to their digital RMB app for use. Additionally, they can use the card for consumption at the blind box machines within the CIIE venue and at catering merchants displaying the digital RMB logo.

The launch of the "Digital Smart Travel Card" not only reflects another innovation by Bank of China Shanghai Branch in the field of digital RMB application but also demonstrates its active role and responsibility in promoting the development of digital RMB and fostering the development of a sound payment ecosystem. In the future, Bank of China Shanghai Branch will continue to leverage its strengths, support the continuous improvement of the CIIE with concrete actions, and contribute greater financial power to promoting high-level opening-up.