Pboc electronic cash means that electronic wallet accounts are also stacked on top of pboc, so that consumers can choose between pboc and electronic cash when using credit cards. But it is worth mentioning that both transaction methods have transaction limits, with an upper limit of 1,000 yuan. At the same time, this method is also easy to use and has low transaction costs. It only needs to be placed on the POS machine to successfully complete the transaction.

What is electronic cash?

Electronic cash, also known as electronic money and digital currency, is a currency that exists in the form of digital information and can be circulated on the Internet. As a digital currency, the biggest advantage of electronic cash is convenience and speed. Payees and payers can quickly complete transactions through QR codes, direct transfers, etc. In daily life, electronic cash has become mainstream along with banknotes and has been integrated into the daily necessities of ordinary consumers. Cash for everyday use, also known as the renminbi, is China's legal tender and is managed by the People's Bank of China.