Newland Deepens Global Digital RMB Layout to Empower Cross-Border Payments

FUZHOU, China, April 29, 2025 – Newland Science & Technology Group Co., Ltd. continues to expand its cross-border digital RMB initiatives, leveraging its long-term expertise in payments and digital currency innovation. Since the digital RMB’s first public showcase at the Digital China Summit four years ago, Newland has supported the ecosystem with acceptance terminals, scenario solutions, and payment systems.

As of 2024, Newland has enabled nearly 15,000 acquiring merchants to accept digital RMB. In cross-border payments, the company maintains deep partnerships with six major international card networks, extending its foreign currency acceptance network to 331 cities across 12 key sectors, with cumulative transactions exceeding RMB 120 million. Based on its experience in domestic and overseas payments, as well as its innovation in digital RMB technology and applications, Newland is actively exploring cross-border digital RMB business through three strategic approaches: “Go Out, Bring In, Circulate.”

1. Go Out: Expanding Digital RMB Abroad

Newland supported a state-owned bank’s Singapore branch in upgrading its cross-border digital RMB acquiring system. Since constructing the branch’s acquiring platform in 2019, Newland implemented further upgrades in 2022, opening digital RMB acquiring functions to cover domestic Chinese tourists’ spending in Singapore. By enabling local Singaporean merchants to accept digital RMB, the project expands the international reach of digital RMB settlement.

2. Bring In: Integrating Overseas Payment Tools

Newland empowers cross-border digital RMB services for a state-owned bank between Mainland China and Hong Kong. By integrating overseas payment tools with digital RMB, the system enables efficient exchange between Octopus cards and digital RMB hard wallets, allowing users to conveniently use digital RMB domestically. Users can quickly exchange their Octopus balances via scanning or card tap, enjoying seamless access to Mainland payment scenarios. The technology supports full-process services, including ID verification and card returns, providing a smooth cross-border consumer experience.

3. Circulate: Leveraging mBridge for Efficiency

The mBridge (Multilateral Central Bank Digital Currency Bridge) model offers a highly efficient, low-cost solution for cross-border payments. As a global enterprise, Newland actively applies this model to put digital RMB “on the bridge”, optimizing operational costs and efficiency.

Digital RMB Innovation in Macau

Newland has been deeply engaged in Macau for nearly 10 years, recognized as one of the six key technology enterprises by the Macau SAR government.

Launching Macau’s First Digital RMB Cross-Border E-Commerce Platform

In 2023, Newland’s cross-border e-commerce platform in Macau successfully integrated digital RMB payments, allowing users to select the digital RMB personal wallet at checkout. This became Macau’s first e-commerce platform to accept digital RMB, advancing the region’s digital currency payment ecosystem. In collaboration with financial institutions and universities across Guangdong and Macau, Newland also cooperates with Bank of China Sichuan Branch to integrate digital RMB into e-commerce and livelihood scenarios, increasing wallet openings, active users, and transaction volume.

Supporting the Digital Macau Pataca Ecosystem

By the end of 2024, the Digital Macau Pataca prototype system was completed, with a sandbox and public testing phase launched. As a strategic partner of Bank of China Macau Branch, Newland provides hardware and software support, participates in scenario development, and integrates smart property management, intelligent power systems, and localized operational services to create flagship products. Future efforts will focus on upgrading digital RMB and expanding application scenarios across Macau.

Future Outlook

Newland will continue to drive innovation in digital RMB technologies, expanding applications across regions and industries, enriching the digital RMB ecosystem, and contributing to RMB internationalization. The company remains committed to providing global clients with safer, more efficient, and higher-quality cross-border financial and payment services.