The central bank said payments of some basic public services such as medical treatment, water, electricity and gas fees have gradually migrated online.
Yi said such moves were needed to promote the opening of the country’s financial services industry. He was speaking at the Bund Summit conference held in Shanghai.
The People's Bank of China will make monetary policy more flexible and targeted, the bank said in a statement after a meeting of its monetary policy committee.
China's economy could grow more than 4pc in the third quarter and over 6pc in the fourth quarter, bringing the 2020, growth to around 2pc, Ma was quoted by Sina Finance as saying.
A general allocation of SDRs, which are IMF units based on a basket of leading currencies, would boost all members' foreign reserves and their purchasing power, Yi Gang said.
"It would be a quick, practical, fair and cost-effective response to this once-in-a-century crisis," Yi wrote.
The People's Bank of China (PBOC) said in an online statement that it would issue announcement at 9 a.m. (0100 GMT) each day if no operation was conducted on that day.
The comments came after Beijing moved to impose a national security law on Hong Kong, and Washington threatened to respond by cancelling Hong Kong's special trading.
The People's Bank of China (PBOC) would also buy some bank loans extended to small firms under the inclusive financing programme from June 1 on a quarterly basis, it said in a statement on its website.