It belongs to a credit card. Peony Chip Card is a peony card with a chip issued by Industrial and Commercial Bank of China. According to technical standards, it is divided into PBOC standard and EMV standard, both of which support debit application and credit application; According to the information reading mode, it is divided into contact card, non-contact card and dual-interface card; According to whether the key system is symmetrical or not, it can be divided into electronic cash and electronic wallet, among which electronic wallet is also called peony smart card.

When used through chip media, it should be used in standard ATM, POS and other machines; When used through the magnetic stripe medium, the function and scope of use are the same as those of the peony card attached.

Generally speaking, peony chip cards include financial applications and industrial applications. Financial applications include lending applications and electronic cash and electronic wallet based on lending applications, in which electronic cash and electronic wallet are financial application functions that support transactions such as deposits, withdrawals and offline consumption; Industry application is an industry application function developed in combination with relevant industry norms.