– Chinese mobile operators are developing “Super SIM” cards that will function as digital yuan wallets, smartcards, and ID cards.
– The upgraded SIM cards will have new authentication and security features, in addition to CBDC (Central Bank Digital Currency) wallets.
– Students will be able to make offline digital yuan payments using their Super SIM cards, including at school canteens and cafeterias.
– The Super SIMs can be manually added to existing ID cards or used in cell phones, performing mobile phone functions and acting as digital ID cards and CBDC wallets.
– Improved identification capabilities in the future may eliminate the need for separate ID cards and bank cards at hotels.
– Commemorative cards with “financial-grade” chips that function as rechargeable digital yuan wallets have been introduced.
– Super SIM cards use near-field communication (NFC) technology, similar to offline smartcards and wearable digital wallets by Chinese banks.
– SIM-based solutions for CBDC use are expected to have a low threshold for adoption, benefiting certain groups such as the elderly and children.
– Chinese telecom companies such as China Telecom and China Unicom are working with the People’s Bank of China (PBoC) to integrate their Super SIM projects with the digital yuan app.
– The use of Super SIM cards is part of China’s ongoing CBDC pilot.
– The Asia Games in Hangzhou will feature commemorative digital yuan hard wallets as part of showcasing the CBDC to international visitors.
New Chinese “Super SIM” cards are being developed to function as digital yuan wallets, smartcards, and ID cards. These upgraded SIM cards will have enhanced security features and authentication capabilities. They will allow students to use their ID cards or mobiles to make digital yuan payments at school canteens and cafeterias. The Super SIM cards can be manually attached to existing ID cards or used in cell phones, serving as a digital ID card and CBDC wallet. In the future, these SIM cards will also eliminate the need for separate ID cards and bank cards at hotels, allowing users to check in using their phones. Additionally, commemorative cards fitted with rechargeable digital yuan wallets have been introduced for special events. These Super SIM cards utilize near-field communication (NFC) technology, similar to offline smartcards and wearable digital wallets offered by Chinese banks. The People’s Bank of China (PBoC) has allowed Android phone users to use SIM cards as hard CBDC wallets, and telecom operators such as China Telecom and China Unicom have linked their Super SIM projects to the PBoC’s digital yuan app. The use of SIM-based solutions is expected to lower the threshold for CBDC adoption, particularly among groups such as the elderly and children.
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