ChainCatcher message, according to Xinhua Finance, under the joint guidance of the People's Bank of China Digital Currency Research Institute and the Monetary Authority of Singapore, the Industrial and Commercial Bank of China Singapore Branch, with the support of its head office, has actively implemented the achievements of digital renminbi cooperation announced by the China-Singapore Bilateral Cooperation Joint Committee (JCBC) this year, and recently successfully launched an innovative pilot for overseas recharge of digital renminbi personal wallets.

Singaporean tourists only need to register a wallet on the digital renminbi client, and they can complete digital renminbi recharge through the personal mobile banking of the Industrial and Commercial Bank of China Singapore Branch, using the account opened at the Industrial and Commercial Bank of China Singapore Branch to achieve convenient payments for scenarios such as transportation, tourism shopping, and dining accommodation within China.