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The committee members responsible for safety will promote and implement safety reform work, invest in online and offline resources, and thoroughly improve our standards for safety," the company said, attributing the comment to both Cheng and Didi President Jean Liu. #Didi chinabased linkdoc ipotimes Offline# The move to roll out financial services is a way for the company, founded in 2012 in Beijing, to generate a new stream of revenue. It comes at a crucial time as well.No further details have been disclosed, but the central bank has hinted that the launch date for the digital currency itself could coincide with the Beijing-hosted 2022 Winter Olympics, according to Finextra. While it is still unclear whether the digital currency would be distributed using existing digital wallets or via a separate central bank wallet, Didi already has experience integrating such services on its channels, which could facilitate support for the new digital currency.ĭidi already has the necessary know-how to support the digital currency. Users can currently pay for Didi services via the digital wallets of WeChat Pay and Alipay.The People's Bank of China (PBOC) has been working on a digital currency since 2014 and has already started testing it in several cities, including Shenzhen and Suzhou, by teaming up with state-owned commercial banks and telecom giants in the country - but Didi is its best-known partner to date.ĭidi's existing payments infrastructure and large audience provide a good opportunity for PBOC to test its digital currency with a wide market.Moreover, the platform has a huge customer base and a wide range of products that the digital currency can be trialed across. The ride-hailing platform has a 90% market share in the country and over 550 million users worldwide, with most of them located in China.It also offers food and merchant delivery services on top of its ride-hailing business, and the currency could be piloted across all of these offerings.
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