On June 16, 2026, a piece of news of great significance came. The Digital RMB International Operation Center affiliated to the People’s Bank of China successfully signed contracts with 26 direct participants.
This move marks the official arrival of the era of digital renminbi all-weather cross-border payments.
After signing and accessing, domestic and foreign financial institutions can use the “Digital” cross-border settlement comprehensive service platform run by the center to carry out 7×24-hour RMB cross-border digital payment business.
Compared with traditional payment methods, the “Shubida” platform has significant advantages.
Its settlement efficiency is higher, allowing funds to be transferred across borders faster; the cost is lower, saving a lot of money for companies and individuals; and the participation methods are more diverse, meeting the needs of different customers.
The “Shubida” cross-border settlement comprehensive service platform is very powerful.
It can handle digital RMB cross-border consumption scenarios such as barcode payment and Pengpeng, allowing consumers to use digital RMB for shopping and consumption overseas conveniently and quickly.
At the same time, it can also handle remittance, trade, investment and financing settlement and other businesses, providing strong support for enterprises’ cross-border business.
Its transaction links are shorter and channel costs are lower, allowing customers to enjoy higher efficiency when conducting cross-border settlements.
Lu Jing, President and Vice Chairman of Standard Chartered Bank (China) Co., Ltd., said that from the customer’s perspective, the “Doucoin” platform can provide customers with efficiency, convenience, compliance, transparency, especially low cost.
7×24 hours high-speed and convenient service, this is an innovation for the entire cross-border payment system.
Guo Hao, deputy general manager of ICBC Doha Branch, also pointed out that through this platform, international settlement options have become more abundant, which means that the infrastructure has been extended to the field of digital renminbi, which is an upgraded version of the international settlement of traditional banks.
It is understood that the business of the first 26 direct participants can cover Hong Kong, China, Macau, Singapore, Laos, Thailand, the United Arab Emirates, Qatar, Brazil and other countries and regions.
This not only reflects the widespread influence of digital renminbi in the field of cross-border payments, but also provides a more convenient payment channel for Chinese goods to go global.
With the continuous development of digital RMB cross-border payments, it is believed that more countries and regions will join this system to further promote the circulation and sales of Chinese goods in the global market.
The launch of digital renminbi all-weather cross-border payments is an important breakthrough in China’s financial sector.
It will inject new vitality into the economic exchanges and cooperation between China and other countries around the world and promote the prosperity and development of global trade.
In the future, we have reason to expect the digital RMB to play a more important role on the international stage.
