Global EditionASIA 中文双语Français
Home / Business / Finance

China completes first digital RMB B2B payment settlement in Dalian

By Yang Yang | | Updated: 2021-03-16 17:12
Share - WeChat
A man shows an e-CNY card of Postal Savings Bank of China in Beijing, on Feb 12, 2021. [Photo/Xinhua]

China's first digital renminbi B2B payment settlement has been completed in Dalian, Northeast China's Liaoning province, reported on Monday.

Two fuel trading companies in Dalian completed a fuel transaction settlement on the shipping industry's digital platform via digital RMB (E-CNY) on Monday, the first B2B payment settlement in China using digital RMB.

The trial operation of the B2B online platform pilot project was jointly carried out by the Postal Savings Bank of China, Dalian Deta Holding Co Ltd and CYNTEK.

Compared with previous enterprises using capital as the circulation carrier, digital RMB can provide enterprises with the whole process of data display.

The circulation of digital RMB provides enterprises with real-time path and portrait, which provides enterprise operators a timely basis for decision-making

Meanwhile, digital RMB accelerates the efficiency of capital circulation of enterprises and improves the production efficiency of enterprises at the industrial level.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349