Shulou(Shulou.com)11/24 Report--

CTOnews.com July 10 news, CTOnews.com learned from the Bank of China's official WeChat account that on July 11, Bank of China, China Telecom and China Unicom will jointly launch SIM card hard wallet products in digital RMB App, realizing another innovative achievement in finance and communications, and providing a more universal and convenient payment method and experience for digital RMB applications. The product will have an invited user experience in some pilot areas in the near future, followed by a phased roll-out to other pilot areas (currently only Android phones with NFC support SIM card hard wallets).

The SIM card hard wallet refers to the digital RMB payment function of the SIM card by linking the digital RMB soft wallet to the super SIM card issued by the operator (5G national secret NFC SIM card, hereinafter referred to as "SIM card"). Digital RMB users only need to install the SIM card issued by the operator on the mobile phone, log in to the digital RMB App, open the SIM card hard wallet, and use the mobile phone NFC function to "touch" to complete the digital RMB payment (users need to change or get the super SIM card in the business hall of China Telecom and China Unicom).

The product takes the SIM card issued by the communication operator as the security carrier, loads the digital RMB wallet application, creates a converged application scene of one card and multiple applications, realizes the close combination of operator channel, user, scene, service, big data and other capabilities with digital RMB, and realizes the differentiated digital RMB promotion operation mode. The launch of the product fully relies on the respective advantages of commercial banks and operators, so that the digital RMB financial infrastructure and information technology infrastructure organically combine and empower each other.

According to the Bank of China, the digital RMB SIM card hard wallet has the core features of safety and reliability, universal convenience, no electricity payment and sharing balance.

Safe and reliable: SIM card management standard, mature, built-in security unit security and controllable, in the supervision of controllability, security, convenience and other performance is very outstanding, can ensure that users in the opening and use of wallet information and financial security.

Universal convenience: SIM card is the most widely used security hardware medium, with extremely high penetration and acceptance, and there are no time and space restrictions, customers can pay and trade anytime and anywhere, reducing the use cost and enhancing the universality of the use of digital RMB.

No electricity payment: the hard wallet of digital RMB SIM card supports no electricity payment, and the mobile phone can complete the payment without opening the payment software without opening the payment software and touching it with the mobile phone.

Sharing balance: the digital RMB SIM card hard wallet shares the balance with the parent wallet in the process of use, which does not need to be recharged separately, so it is more convenient and easy to use.

In the early stage, Bank of China, China Telecom and China Unicom made rich achievements in innovation, and the three parties were the first to complete the design and implementation of hard wallet and double offline. In the same industry, they were the first to establish a head platform digital RMB payment docking mode, and launched a number of innovative products for C-end, B-end and G-end, contributing the wisdom and strength of the three parties to the application and promotion of digital RMB.

In the future, the three parties will continue to deepen cooperation and joint innovation, take the promotion of SIM card hard wallet application as an opportunity to further explore the application in rail transit, livelihood consumption, campus park, e-commerce, public payment, commercial retail, education and training, etc., keep up with the tide of the Internet of things, give SIM card hard wallet capability to massive Internet of things devices, and help expand a wider range of new business type and new applications.

Tips:

Super SIM card (5G national secret NFC SIM card) is a new generation of SIM card developed by the joint industry chain partners of communication operators through unified technical specifications, which supports hardware encryption of state secret algorithm, NFC near-field communication, JAVA card application preset and air sending and other technical capabilities. Compared with the traditional SIM card, the super SIM card has four kinds of security services: secure storage, secure computing, secure connection and secure application.

Super SIM card can integrate a variety of innovative applications, including digital RMB, digital identity, transportation, campus, secret message, access control, car keys, charging piles, etc., to provide users with an one-card solution, each user "a mobile phone, a SIM card, a wallet, an ID card", a card to enjoy digital life.

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