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The data Institute of the central bank cooperated with lakal

Recently, the digital currency Research Institute of the people's Bank of China (hereinafter referred to as the "central bank digital Institute") officially signed a strategic cooperation agreement with lakala payment Co., Ltd. (hereinafter referred to as "lakala") and State Grid xiongan Financial Technology Group Co., Ltd. (hereinafter referred to as "State Grid xiongan Jinke").
 
Among them, lakala is a third-party payment company, and its services include mobile payment, cross-border payment, POS receipt, etc. Relying on payment, lakala provides loans, financial management, insurance, credit card application and other services for small, medium-sized and micro merchants, and outputs overall solutions based on receipt and code scanning for small and medium-sized commercial banks, including acceptance system, risk monitoring system and strategy. As of August 2020, lakala payment covered more than 22 million merchants.
 
 
At the second Bund financial summit, Mu Changchun, director of the digital currency Research Institute of the people's Bank of China, said that the exchange and circulation of digital RMB are two different concepts. Commercial banks undertake the function of exchanging digital RMB to the public, and the circulation service can be undertaken by third-party payment institutions and other small and medium-sized banks.
 
On November 15, Guangming Daily also published a document on "digital currency helps the efficient operation of the payment system", saying that the application of digital currency helps to reduce the cost and improve the efficiency of the payment system. Issuing digital currency can directly reduce the printing, distribution and circulation cost of currency. Because the information flow and capital flow of digital currency are highly unified, issuers such as the central bank can obtain transaction information directly and in real time, which can save many links such as background clearing, settlement and reconciliation of commercial banks, so as to achieve the effect of point-to-point payment that is settlement, so as to greatly improve the payment efficiency.
 
At present, there are many enterprises with payment licenses and payment experience, such as lakala, shouxinyi payment, Lianlian payment and other professional payment companies; Companies (or departments) under Internet giants such as wechat payment, JD payment and Baidu wallet; There are PayPal, applepay and other foreign payment manufacturers.
 
Analysts believe that these companies with payment experience are expected to become DC / EP wallet operators in the future, so as to intervene in the central bank's digital currency industry chain and collect payment service fees.
 
Previously, the central bank's digital Institute has reached strategic cooperation with didi travel, Jingdong digital science and other enterprises respectively.
 
This year, the central bank has carried out many pilot work on digital RMB, and the process of R & D and implementation of digital currency has accelerated.

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