It is bound to a virtual payment account. Due to the notice issued by ICBC, it is known that as of March 2023, the virtual payment account of ICBC Privilege Card bound to APPLEPAY or HuaweiPAY needs to be attached to an ICBC physical credit card, so the ICBC Privilege Card is a virtual credit card. ICBC refers to the Industrial and Commercial Bank of China. Industrial and Commercial Bank of China (INDUSTRIAL AND COMMERCIAL BANK OF CHINA, ICBC for short) was established on January 1, 1984. Its head office is located at No. 55 Fuxingmennei Street, Beijing. It is a large state-owned commercial bank and a deputy minister of the state. Level unit, the basic task of ICBC is to comply with national laws and regulations.