ICBC Singapore branch has implemented an innovative pilot for overseas deposits into personal digital RMB wallets.

According to ChainCatcher news and 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 the head office, is actively implementing the results of the digital renminbi cooperation announced by the China-Singapore Bilateral Cooperation Joint Committee (JCBC) this year, and has recently successfully launched an innovative pilot for overseas deposits into digital renminbi personal wallets. Tourists from Singapore only need to register a Wallet on the Digital Money client, and they can complete the Digital Money deposit through the personal mobile banking of ICBC Singapore Branch, using the account opened at ICBC Singapore Branch, enabling convenient payments for scenarios such as transportation, travel shopping, dining, and accommodation within China.