Major Chinese banks have opened the door to applications from the public with access to Digital RMB Wallet in Shanghai and Beijing.

According to a report on Tuesday from Chinese state media Securities Times, developments indicate that tests of the digital yuan carried out in different regions of China are in the process. scope extender. Specifically, six state-owned commercial banks in Shanghai are currently allowing users to publicly register for wallet activation.

The six banks include Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, China Post Savings Bank, and Communications Bank.

In addition, the Beijing Business Times on Wednesday said at least three of the aforementioned commercial banks are also opening registration processes in Beijing for users.

The move is notable because, in previous tests, users were required to dial in or be invited to activate a digital yuan wallet in order to be eligible to participate.

By changing the process, the public can become more active participants, as they can top up their activated digital yuan wallet and pay with it at any store. Which payment method supports.

However, the reports add that not every application will be automatically approved and that acceptance is reviewed by the central bank of China on a case by case basis.

Applicants will receive an SMS message within one day if their application is successful, instructing them how to download and activate their digital yuan wallet.

According to the report, users will need to fill in their real name, ID and mobile phone number, email and employee name after scanning the QR code of the digital yuan wallet app provided by the bank.

Although Shanghai has yet to proceed across the city, various locations including shopping malls and hospitals have already rolled out support for digital yuan as a payment method.