The digital RMB wallet from the six major state-owned banks now includes sub-wallets for popular services like Ele.me, Hema Fresh, and Tmall Supermarket for enhanced user convenience. The digital RMB app was launched on 8th May 2021, and the "Internet Merchant Bank (Alipay)" was one of the earliest operators. Digital RMB has many advantages, including the fact that it does not have any transaction fees or interest charges. Its introduction has been beneficial for the public.

Digital RMB is China's official legal tender in digital format, issued by the People's Bank of China and managed by designated agencies. It can be exchanged by the public and has a tentative abbreviation of "e-CNY" based on international usage practices. It functions like physical coins and banknotes, has legal compensation, and supports controllable anonymity. The concept of digital RMB focuses on two points; it is an official electronic version of physical currency and is equivalent to coins and banknotes.

Digital RMB's payment feature aims to coexist with physical currency and is mainly designed to serve the public's desire for digital cash and promote inclusive finance.