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Industrial and Commercial Bank of China Successfully Conducts Pilot of Cross-Border Digital RMB Payment Platform Business
Summary: In a recent announcement, the Industrial and Commercial Bank of China (ICBC) officially declared the successful launch of a pilot program for cross-border digital RMB payment platform business. ICBC's Singapore branch actively implemented an innovative pilot program for overseas recharge of digital RMB personal wallets in collaboration with the China-Singapore Joint Council on Bilateral Cooperation ...
In a recent announcement, the Industrial and Commercial Bank of China (ICBC) officially declared the successful launch of a pilot program for cross-border digital RMB payment platform business. ICBC's Singapore branch actively implemented an innovative pilot program for overseas recharge of digital RMB personal wallets in collaboration with the China-Singapore Joint Council on Bilateral Cooperation (JCBC) for 2025. Additionally, ICBC's Vientiane branch and Shandong branch successfully processed the first cross-border digital RMB remittance transaction under international trade agreements with Laos.
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