Prepaid consumption fund processing method and system

The invention discloses a method and a system for processing prepaid consumption funds, which can be applied to the field of finance. Acquiring user information and authorization data of the user when a prepayment transaction completed by the user for a target prepayment consumption item provided by a target merchant is detected; based on the user information and the authorization data, prepaid consumption funds corresponding to the prepaid transaction in a digital RMB wallet opened by the user in advance are frozen, and a prepaid label corresponding to the target merchant is added to the frozen prepaid consumption funds; when the consumption transaction completed by the user for the target prepayment consumption item is detected, obtaining verification data corresponding to the consumption transaction; the fund settlement process is triggered according to the verification data, and the fund corresponding to the verification data is paid to the target merchant from the frozen prepaid consumption fund, so that