ICBC Singapore Branch achieves innovative pilot for overseas recharge of digital RMB personal wallets

According to Xinhua Finance, under the joint guidance of the Digital Currency Research Institute of the People's Bank of China and the Monetary Authority of Singapore, the Industrial and Commercial Bank of China (ICBC) Singapore Branch, with the support of its head office, has actively implemented the results of the digital renminbi cooperation announced by the China-Singapore Bilateral Cooperation Joint Committee (JCBC) this year, and recently successfully launched an innovative pilot for overseas top-ups of digital renminbi personal wallets.

Singaporean tourists only need to register a wallet on the digital renminbi client, and they can complete digital renminbi top-ups through the personal mobile banking of ICBC Singapore Branch using accounts opened at ICBC Singapore Branch, enabling convenient payments for transportation, tourism shopping, dining, and accommodation within China.