More and more people are moving to digital payments.

One thing that drives many owners nuts is when they want to register their business and keep getting different codes. With Visual Card, you'll be able to quickly process the registration of your company's health code with one swipe.

The "Digital RMB Hard Wallet" was launched during the Digital Wangfujing Ice and Snow Shopping Festival. Among them, Postbank launched their digital RMB visual card hard wallet and fingerprint card hard wallet with the health code overlay function. It allows consumers to have a "one card for two uses" experience in paying with digital RMB or registering health codes.

The card resembles a bankcard and has one small inch square E-ink display which can show the transaction amount, balance information, and swipe.

Zhang Chunlu, deputy head of Dongcheng District Sub-branch of China Postal Savings Bank Beijing Branch, said "the elderly can also brush this card directly for health code sweeping registration, to solve the difficulties of travel caused by the inconvenience of operating a smartphone. You'll also be able to use this card for transactions. All you have to do is touch for payment."

Zhang Chunlu, an official with the PBOC, demonstrated the "one card, two uses" function of the digital RMB hard wallet at Wangfujing Wu Yutai Tea House. The efficient and convenient experience was praised by many consumers.

The visual card is not only perfect for the elderly,payment gateway system architecture but it can also provide convenient services for tourists coming to China in the future. The card doesn't need any mobile payment, making life easier for foreigners visiting China.

Wearable devices can make payments without sensors

Besides the classic cards that we've been using for so long, there are some "new features" that come with the essentials like smart gloves. Take this innovative glove that was at the Beijing 2022 Winter Olympic Games official licensed merchandise in Gongmei Building, for example. If you want to pay with it, you just need to attach the glove and then complete the transaction.

Banks around the world have been focusing on digital RMB payment and promotion strategies in order to facilitate customer connections and boost business. This has been a top priority, with banks such as the Bank of China Beijing Branch. The group demonstrated the use of a smart ski glove with an integrated digital wallet by paying for a purchase with cashless "touch" technology. According to the staff, this wearable device is launched by the Bank of China in cooperation with China Unicom and can be used in scenarios where physical contact is not possible such as during sports or when network connection is poor.

Bank of China created a variety of wearable devices and payment solutions such as smart watches, gloves, and badges. They've built digital RMB modules that run on these products and can be used to complete any transaction. "We will gradually develop more styles in the coming years and we are exploring new technology," concluded Wang.

 

Related Hot Topic

How does a payment processor generate revenue?

If you're wondering how payment gateways generate revenue, they do so by taking a small portion of the transaction or a set fee known as the Merchant Discount Rate (MDR). It functions essentially as an online store that accepts credit card payments or direct deposits in exchange for a nominal fee.

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