Bank Of China Trials Offline Payments For Digital Yuan Via SIM Cards

– The bank is planning to introduce a new feature that allows users to make phone payments using its digital yuan app.

– This feature will be made possible by integrating the app with specialized “super SIM cards” that have near-field communication (NFC) capabilities.

– NFC technology enables secure and contactless communication between devices, allowing users to make payments by simply tapping their phones on compatible payment terminals.

In summary, the bank’s plan to integrate its digital yuan app with specialized “super SIM cards” with NFC capabilities will enable users to make secure and convenient phone payments. This advancement in technology will provide a seamless and contactless payment experience for customers, further promoting the adoption of digital currencies in everyday transactions.