Recently, the launch event of the digital RMB car insurance real-name payment pilot in Shijingshan District was held in Beijing. With the support of the Digital Currency Research Institute of the People’s Bank of China and the Shijingshan District Government, postal savings banks, together with institutions such as PICC Payments and China Bank Insurance Technology Management Co., Ltd., jointly released the digital RMB car insurance real-name payment plan (referred to as the plan). The plan helps to connect the various aspects of digital RMB payment, car insurance real-name authentication, and insurance payment, and is the first in the country to achieve the application of digital RMB in the insurance real-name payment scenario.
The plan follows the regulatory requirements of the insurance industry, and based on customer needs, digital RMB operating institutions such as postal savings banks provide digital RMB real-name verification and payment services. PICC Payments connects to the China Bank Insurance real-name authentication platform and the PICC Property and Casualty Co., Ltd. payment system, innovatively launching the PICC car insurance real-name payment service, filling the gap in the application of digital RMB in the insurance field.
The active practice of postal savings banks and PICC Payments in the digital RMB car insurance real-name payment scenario further enriches the customer payment methods, enhances payment security and convenience, and helps insurance companies such as PICC Property and Casualty Co., Ltd. save payment costs and improve fund settlement efficiency, providing effective support for the wider application of digital RMB in the insurance industry.
This article is from: Financial News