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The Alipay App has launched a digital RMB module, which supports consumption and inter-user transfer

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The "two-tier operation system" of digital RMB has been basically established

According to a report by Financial News Agency on May 10, a digital RMB module has been launched in the Alipay App, which allows users to transfer money between each other in addition to consumption. Test users who enter the whitelists of Alipay can see the "Digital RMB" module in the "My" column of Alipay APP, which is parallel with Huabei and bank cards.

At present, the "two-tier operation system" of digital RMB has been basically established. The central bank, as the first layer, is responsible for producing the digital yuan; A total of eight banks, including the six major state-owned banks and two Internet banks, CNBC and WeBank, have formed the second tier, or digital renminbi "exchange operation institutions," which are responsible for exchanging digital yuan to the public.

In addition to the above eight digital RMB operators, other banks and institutions are also actively preparing for digital RMB wallets. In addition to the "exchange operators," by the central bank's design, there are "circulation services," which define their position as "floor 2.5."

The personage inside course of study expresses to finance union reporter, from the official definition of digital RMB, do not have "2.5 layer" concept. But they are also a key link in the future rollout of the digital renminbi, as are the eight banks that have become operating institutions. They do not exchange digital yuan directly with the central bank, but they also provide wallets for the public to use the digital yuan, sandwiced between the eight operating institutions and the public, so the industry calls them "2.5 layers".

According to people familiar with the matter, these "2.5-tier" institutions do not directly own users' digital yuan accounts, but only serve as "channels" for the use of digital yuan. Compared with the traditional account payment system, the "2.5 layer" institutions and operating institutions do not need to go through clearing institutions, which reduces the use rate of digital RMB and improves the use efficiency.

"This category includes other banks except the eight operating banks, as well as software and hardware players such as Bilibili, Meituan, Huawei and Lakala, as well as various supporting institutions of hard and soft wallets." A digital RMB industry insider told the Financial News Agency reporter that these institutions mainly provide scenarios and services for the use of digital RMB.

Financial news agency reporter learned that at present many "2.5 layer" institutions are actively preparing for digital RMB, and will be digital RMB as an important development opportunity in the future.