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Golong Facilitates Pujiang Bus to Launch Digital RMB Payment

697 words | Last Updated: 2024-04-22 | By Golong
Author: Golong
We are a leading public transport payment system provider, founded in 2015. We focus on developing and operating smart hardware and software for IoT, facial recognition, and digital currency.
Golong Facilitates Pujiang Bus to Launch Digital RMB Payment
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Golong Facilitates Pujiang Bus to Launch Digital RMB Payment

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Golong Technology has collaborated closely with Pujiang Bus to integrate with Pujiang Rural Commercial Bank and swiftly launch digital currency as a payment method on facial recognition payment terminals. This move realizes the implementation of diverse payment methods in bus scenarios and supports the application of digital RMB in Pujiang's new public transportation field.

Pujiang City's buses have fully activated the "digital RMB" payment, providing residents with more convenient payment services for bus!

New Experience of Pujiang Bus with Digital RMB

The activation of the digital RMB payment for bus travel in Pujiang City is conducive to enriching passengers' payment methods for bus, promoting the application of digital RMB as legal tender in citizens' lives, and accumulating pilot experience in the field of digital RMB in small-value mobile payments.

The newly added digital RMB payment function is highly secure and easy to operate, meeting the diversified travel payment needs of citizens and bringing a new experience of digital life.

The successful trial application of digital RMB payment is a concrete measure taken by Golong Technology to actively assist the trial of digital RMB in Pujiang, laying a solid foundation for the future in-depth promotion and application of digital RMB in Pujiang.

Making Payment More Convenient

Features of Digital RMB

Digital RMB is a legal digital currency issued by the central bank, with unlimited legal tender, serving as a digital form of currency DC/EP (Digital Currency Electronical Payment) with functions such as value measurement, circulation, payment, and value storage.

Convenient Settlement

No settlement fees or deposit/withdrawal fees for payment settlement

Real-time Arrival

Real-time completion with no intermediate settlement delays

High Security

Features such as controllable anonymity, programmability, traceability, and smart contracts

Advantages of Digital RMB, New Experience

QR code payment promotes the application of digital RMB in bus scenarios and further facilitates the promotion of digital RMB.

In this business scenario, the main components consist of digital hardware wallet modules, terminals (MCUs), front-end services, and bank-side services.

Data transmission and decryption are carried out between various modules to ultimately realize business closure.

After the existing bus validatorsare upgraded and embedded with digital RMB payment modules, they can support digital RMB payment.

Based on blockchain technology, it ensures that corresponding subsidies are correctly in place, contributing to economic growth.

After the existing bus validators are upgraded and embedded with digital RMB payment modules, they can support digital RMB payment functions.

Following cities such as Changshu, Hangzhou, Shaoxing, and Longgang, Lanxi has completed the preliminary work for digital RMB access, entering the project implementation and launch process.

How New Users Can Open Digital RMB Wallets

Two methods are available to experience "QR code payment"

Method 1: New users can register and open wallets through the digital RMB App, activate the small amount of password-free payment function. Citizens can simply verify and scan the code with their phones when taking the bus to quickly complete the payment.

Method 2: Users can open a digital wallet with Pujiang Rural Commercial Bank and activate the small amount of password-free payment function. Citizens can open the digital wallet of Pujiang Rural Commercial Bank's mobile banking app, display the QR code of the digital wallet for payment, and scan the code to pay when taking the bus.

This function effectively meets the convenient payment needs of citizens when taking the bus and brings a new experience of digital life.

Rational Consumption

The digital RMB payment is a successful application of digital RMB in the bus field, accelerating the improvement of a green and smart transportation system, and exploring intelligent and efficient public travel methods.

It is conducive to enriching passengers' payment methods for bus, promoting the application of digital RMB as legal tender in citizens' lives, and accumulating pilot experience in the field of digital RMB in small-value mobile payments.

Golong will continue to support the application of the "digital RMB" payment in the public transportation field, starting from benefiting the people, serving the people, and facilitating the people, and is committed to improving the experience of smart bus, enriching public travel payment methods, and meeting the diverse public transportation needs of citizens.