Express

People's Bank of China and Five Other Departments Encourage Pilot Regions to Actively and Prudently Promote Digital RMB in Consumer Sector

Summary: In a joint effort, the People's Bank of China and five other departments have issued the 'Guiding Opinions on Financial Support to Boost and Expand Consumption,' emphasizing the continuous optimization of payment services. This includes enhancing the compatibility of various payment methods such as cash, bank cards, mobile payments, and digital RMB to provide consumers ...

In a joint effort, the People's Bank of China and five other departments have issued the 'Guiding Opinions on Financial Support to Boost and Expand Consumption,' emphasizing the continuous optimization of payment services. This includes enhancing the compatibility of various payment methods such as cash, bank cards, mobile payments, and digital RMB to provide consumers with a more efficient and convenient payment experience.

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