China's new digital currency has now been used for more than 1.1 billion yuan ($162 million) in transactions.

The People's Bank of China said this underlined its success of its pilot programs.

At the Sibos Banking and Financial Conference on Monday, the banks' deputy governor Fan Yifei said more than 3.13 million in transactions had been processed.

Pilots for the public use of digital yuan have been going on in big cities over the past year. The PBOC is also looking to run a separate pilot program at the upcoming 2022 Winter Olympics.

Since August, the central bank has had more than 6,700 use cases implemented for the digital currency, which is also known as the Digital Currency Electronic Payments. These included common transactions such as bill payments and transport fares to payments for government services. The PBOC used the digital yuan to reward more than 5,000 front line health workers during the pandemic.

"PBOC regards digital renminbi as an important financial infrastructure for the future," Fan stated during the conference.

The PBOC has used several technologies to make it easier for both merchants and consumers. These included the use of facial recognition software, near-field-communication scanners, bar codes and tap-and-go systems.

The pilots have so far resulted in the creation of 113,300 different personal digital wallets and around 8,800 corporate digital wallets. The central bank worked with private financial institutions to ensure a secure and seamless integration.

China's accelerated effort to integrate its digital currency into its economy has been made easy thanks to its already large mobile-payments networks. Platforms such as Tencent Holding's WeChat Pay and Alibaba's Alipay have made digital payments more common in China.