Architecture Breakthrough

Mar 5, 2026 · Industry Insights

From Payment to Settlement: Mapping the Full Money Journey in Digital RMB

This article breaks down the complete payment‑to‑settlement workflow behind digital RMB, explaining each stage—from the customer's payment initiation through clearing, central‑bank settlement, and final accounting—while highlighting why e‑CNY 2.0 treats payment and settlement as a single, irreversible process.