ICBC Singapore Pilots Cross-Border Digital RMB Wallet Top-Up
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 25 2025- Cross-Border Payment Innovation: Under the guidance of the PBOC and MAS, ICBC Singapore's pilot of overseas digital RMB wallet top-ups marks a milestone in Sino-Singapore financial cooperation, expected to simplify cross-border payments and promote the RMB as a global currency.
- Deepening Financial Cooperation: MAS Managing Director highlighted that this initiative supports cross-border trade and investments, further enhancing financial connectivity between Singapore and China, and fostering ongoing partnerships in banking and capital markets.
- Development of Digital Currency Applications: The pilot not only enhances the convenience for Singaporeans to use digital RMB but also has the potential to boost tourism and consumption, driving technological innovation and regulatory cooperation in the digital currency space between the two countries.
- Future Outlook: By 2025, Singapore is expected to gradually introduce e-CNY payment services, further deepening financial cooperation between Singapore and China and strengthening their positions in the global financial system.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
