WeChat payment officially joined the digital RMB acceptance network

It is reported that the “payment platform” in the “wallet quick payment management” of the digital RMB app (pilot version) has added “WeChat payment” on March 4. Previously, Alipay has supported it. According to Tenpay’s Digital RMB Wallet Express Payment Platform Service Agreement, users can jump to the digital RMB application through the WeChat payment service page to apply for the opening of the corresponding digital RMB operator’s wallet express payment function, or select “payment platform” through the digital RMB application’s wallet express payment function page to open. In WeChat wallet, click “Digital RMB” to enter, and you can also add any operator’s wallet for quick payment.

Interpretation of this information:

The article reports that the digital RMB app has added WeChat payment to its wallet quick payment management platform. The digital RMB app is a pilot version that is being tested in China, and its latest update allows users to link their WeChat payment account to the app’s wallet quick payment platform. This means that users can now use either WeChat Pay or Alipay to make payments directly through the digital RMB app.

The Digital RMB Wallet Express Payment Platform Service Agreement allows users to jump to the digital RMB application through the WeChat payment service page to apply for the opening of the corresponding digital RMB operator’s wallet express payment function. Additionally, users can also choose to open the ‘payment platform’ option through the digital RMB application’s wallet express payment function page.

To access the digital RMB wallet in WeChat, users need to click on ‘Digital RMB’ in their WeChat wallet, which will direct them to the app. From there, they can add any operator’s wallet for quick payment. This new feature is expected to accelerate the adoption of digital RMB payments and increase usage among Chinese consumers.

By integrating WeChat payment with the digital RMB app, the app will become more user-friendly and accessible to a wider range of consumers. While Alipay has already been included in the platform, the addition of WeChat payment will greatly benefit users who prefer this payment method. The move also aligns with China’s national strategy to advance its digital economy and push for greater use of its digital currency, the digital RMB.

Overall, the addition of WeChat payment to the digital RMB app’s payment platform is a significant development for China’s digital payment landscape. It is expected to boost the use of digital RMB payments and further cement China’s position as a leader in the development of digital currencies. As China moves towards a cashless society, digital RMB payments are likely to become the preferred mode of payment for many consumers in the country.