In today’s economic wave of globalization, the convenience and efficiency of cross-border payments have increasingly become a key factor in promoting the development of international trade.
On June 16, 2026, a landmark news came that the Digital RMB International Operation Center affiliated to the People’s Bank of China successfully signed contracts with 26 direct participants, marking the arrival of a new era of digital RMB all-weather cross-border payments.
After domestic and foreign financial institutions sign and access, they can rely on the “Shubida” cross-border settlement comprehensive service platform operated by the center to realize 7×24 uninterrupted RMB cross-border digital payment business.
The emergence of this platform is like a shot in the arm for the cross-border payment field, which has greatly improved settlement efficiency, significantly reduced costs, and made participation methods more diversified.
The “Shubida” cross-border settlement comprehensive service platform is powerful. It can handle barcode payment, Pengpeng and other digital RMB cross-border consumption scenario businesses to meet the payment needs of daily consumption; it can also handle remittance, trade, investment and financing settlement and other businesses, providing enterprises and investors with more convenient capital flow channels.
Compared with traditional cross-border payment methods, the “Shubida” cross-border settlement comprehensive service platform has obvious advantages.
Its transaction link is shorter, reducing the tedious processes in the intermediate links, allowing funds to reach the destination faster; the channel cost is lower, reducing the payment costs of enterprises and individuals, and improving the efficiency of the use of funds.
For customers, the improvement of settlement efficiency is undoubtedly the biggest benefit, which greatly shortens the waiting time and enhances the liquidity of funds.
Lu Jing, President and Vice Chairman of Standard Chartered Bank (China) Co., Ltd., said: “From a customer’s perspective, it can provide customers with efficient, convenient, compliant, transparent, and especially low-cost, 24/7, high-speed and convenient services. This is a positive development for the entire cross-border payment industry.”
System innovation.”
Guo Hao, deputy general manager of ICBC Doha Branch, also believes: “The options for international settlement have been enriched through it, which means that our infrastructure has 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 means that the cross-border payment network of digital renminbi is continuously expanding, providing more convenient financial services to enterprises and individuals in more countries and regions.
With the continuous promotion and application of digital renminbi in the field of cross-border payments, it is believed that it will play an increasingly important role on the global financial stage and make greater contributions to promoting the development of international trade and investment.
