New features officially launched!, Digital RMB Number | RMB | New Features
The new function of digital RMB has been officially launched.
On the 11th, Android phone users discovered that the Digital RMB App had launched the SIM card hard wallet function. On the same day, China Mobile, in collaboration with Industrial and Commercial Bank of China, China Telecom, China Unicom, and Bank of China announced the launch of SIM card hard wallet products on the digital RMB APP.
What's different about this new feature?
Expanding the scope of electricity free payments
The SIM card hard wallet is a combination of a digital RMB soft wallet and a super SIM card, enabling the SIM card to have digital RMB payment functionality.
Digital RMB users can insert a super SIM card issued by the operator into their mobile phones, log in to the Digital RMB app, open a SIM card hard wallet, and use the NFC function of their mobile phones to complete digital RMB payments with just a touch. Currently, only Android phones with NFC functionality support SIM card hard wallet usage.
Industry insiders told China News Service that compared to the previously available digital RMB payment without electricity on some fixed brand and model Android phones, the new feature will be launched. As long as it is an Android phone with NFC function, plug in a super SIM card issued by the operator, log in to the digital RMB app, open a SIM card hard wallet, and use the NFC function of the phone to "touch" and complete digital RMB payment, greatly expanding the scope of use of the digital RMB payment without electricity function.
What can a super SIM card do?
Sun Binfeng, the digital RMB project manager of China Mobile Financial Technology Co., Ltd., said that compared to ordinary SIM cards, super SIM cards have larger storage capacity and store more information data; Having more complex encryption algorithms to protect user privacy and defend against security threats; Carrying more application functions, covering various scenarios of daily user use.
He gave an example that a super SIM card integrates the functions of various cards such as digital RMB, bank cards, public transportation cards, and access control cards. Whether it is for shopping, transportation, or daily life scenarios such as access control, users can easily "touch" with the super SIM card, providing a convenient travel and payment experience of "one card travels the world".
At present, users can consult China Mobile, China Telecom, and China Unicom to replace or receive a new Super SIM card.
According to analysis, SIM cards are the most widely used security hardware medium. The three operators, China Mobile, China Telecom, and China Unicom, have a huge total user base, with extremely high penetration and acceptance rates. The implementation of the digital RMB SIM card hard wallet will contribute to the popularization of the digital RMB.
What are the advantages of a digital SIM card hard wallet?
Industry insiders believe that the digital RMB SIM card hard wallet has three advantages.
One is safety and reliability. The SIM card hard wallet has a higher and stronger security level, uses security key management, follows GP specifications, and supports national security algorithms.
Secondly, it is convenient to use. When users make payments at merchants, they do not need to scan the QR code or call up the QR code. They only need to touch the merchant's POS machine with their locked screen phone to easily complete the payment, which is more convenient to use, especially for some elderly people who are not familiar with smartphones.
In daily use, a hard wallet can have a separate payment limit set, and individuals can also flexibly set small amounts of password free payments according to their needs. Therefore, in situations where the elderly, children, or mobile phones are inconvenient to use, SIM card hard wallets as a convenient payment method for digital RMB are conducive to narrowing the "digital divide".
What's even more attractive is that when replacing a phone, as long as the super SIM card remains unchanged, inserting the replaced phone can easily achieve one card change without affecting the user's payment experience.
Thirdly, there is no electricity payment. The SIM card hard wallet supports powerless payment, and the phone can be used in situations such as network disconnection, screen on, screen off, and powerless shutdown. There is no need to open payment software, and payment can be completed with just a touch of the phone.
It is worth pointing out that the relevant settings of digital RMB can ensure fund security. On the one hand, the small amount of non encrypted payment can be flexibly set according to needs. On the other hand, if you are concerned about fund risks, you can avoid opening the small amount of non encrypted payment. This requires verifying the password on the POS before payment can be made. If the phone is lost, users can log in to the Digital RMB App on another phone to report the loss of their SIM card hard wallet and prevent financial losses.