ICBC Singapore Branch pilots digital RMB overseas wallet top-up

PANews reported on December 24th, citing Xinhua Finance, that under the joint guidance of the Digital Currency Research Institute of the People's Bank of China and the Monetary Authority of Singapore, the Industrial and Commercial Bank of China (ICBC) Singapore Branch successfully piloted the overseas top-up of digital RMB personal wallets. Singaporean users can top up their digital RMB wallets through their local ICBC accounts for use in travel and consumption within China. This is another innovation by ICBC in the cross-border application of digital currency, following the pilot program for digital RMB import and export settlement, and will help deepen Sino-Singapore financial cooperation.