It is understood that Beijing Yada Company, a subsidiary of New World, is the only software service provider in China that undertakes the construction of the head office-level digital RMB acceptance system, and also participated in this digital RMB exhibition. Beijing Yada has carried out digital RMB system construction and scene construction in all pilot cities, providing front, middle and back-office full-service systems: front-office service merchants, China-Taiwan service provincial branches and commercial banks, and back-office service head office.
At present, the New World has built a payment front-end system for nearly 30 banks across the country, which can realize the acceptance of digital RMB through transformation and upgrading, and further support the scene construction through the scene platform. The company said that in the future, it will give full play to its accumulation and experience as the only software service provider for the construction of digital RMB acceptance system at the head office level, and strive to support the system upgrade, construction and transformation needs of thousands of banking institutions across the country before the formal promotion of digital RMB.
New World is the head company of China offline third-party payment company. In 2020, the transaction flow exceeded 2.8 trillion, and it has the only national third-party payment license in Fujian Province, serving nearly 10 million offline entities. In the future, the New World will actively follow up the exploration of digital RMB merchant application scenarios, give full play to the scale and experience advantages of merchant payment service platforms, and contribute to the digitalization of RMB and the landing of offline merchant payment scenarios.