The Jiangsu province city of Suzhou has become the first jurisdiction in China to make use of digital renminbi payments for the registration of immoveable property.
Mypaypass.com.cn reports that Suzhou residents are now able to use the “Suzhoudao” (苏周到) app in tandem with digital renminbi wallets to pay the registration fees for immoveable property.
Users simply scan a QR code then enter a serial number and mobile phone number, in order to make payment of registration fees in the digital renminbi with the Suzhou Immoveable Property Registration Centre. Within several minutes users will then receive an electronic invoice and text message link.
The initiative is reportedly the first in China to permit the use of the digital renminbi to make payments for immoveable property registration fees, and arrives amidst efforts to increase the use of the digital renminbi to make payments for government services.
