TapTechNews August 8th news, according to the reports of the Wen Wei Po on the 7th and 8th, Bank of China (Hong Kong) announced on the 7th that it has reached a cooperation with Mannings to further expand the digital RMB collection service in Hong Kong.
As of now, more than 300 branches of Mannings in Hong Kong across the board support customers to use digital RMB for offline consumption payment, providing diversified payment choices for mainland tourists, and the wallets of all mainland banks in the digital RMB App can be consumed and paid at Mannings branches.
When customers use digital RMB to pay, they only need to show the digital RMB payment code to the merchant, and the merchant can scan the code to complete the transaction. The bank will convert its digital RMB into Hong Kong dollars to help merchants conduct cross-border settlement, and customers do not need to exchange in advance.
According to TapTechNews' previous report, in February this year, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan Mo-po, said that the digital RMB will expand the pilot scope in Hong Kong, and citizens will be able to conveniently open and use digital RMB wallets, and increase the value through FPS, further enhancing the cross-border payment efficiency and user experience. He said that this move is aimed at simplifying the process of citizens opening and using digital RMB wallets, and this move is expected to significantly improve the cross-border payment efficiency and user experience, and further promote the status of Hong Kong as an international financial center.