China Extends e-CNY App Features: International Card Options Now Accepted for Tourists
Summary:
Visitors to the People's Republic of China can now top-up their Digital Yuan wallets using VISA and Mastercard through the newest update of the e-CNY mobile app. The app, currently in its pilot version, assists users in creating digital renminbi wallets for transactions. The release of this latest version aligns with the Asian Games and provides a detailed guide for foreign users to register via international numbers. The Beijing Winter Olympics in 2022 marks the extension of digital renminbi payment options for tourists. China is further making strides to establish the Digital Yuan as a ubiquitous retail payment method across the country.
Visitors to the People's Republic of China can now refill their Digital Yuan wallets through VISA and Mastercard, embracing the updates provided by the mobile app that propels this central bank digital currency (CBDC) trial. The experimental version of the e-CNY app, accessible to iOS and Google Play Store users based in China, is designed for personal users, allowing them to create digital renminbi wallets for e-CNY transactions. The most recent iOS app update, version 1.1.1 published on September 22, incorporates a top-up feature that accepts international card choices.
Several Chinese news outlets have reported that the release of the latest e-CNY app version coincides with the beginning of the Asian Games. A guideline has been provided for overseas users delineating the process of registration using an international number.
China has been intensively testing digital renminbi as a payment option for foreigners visiting the country. As per Yicai, the onset of the Beijing Winter Olympics in 2022 signifies the opening of the CBDC trial to tourists for transactions with local businesses using e-CNY.
Visitors to China can reportedly use their international mobile numbers to register, create e-CNY wallets, and use the replenish wallet feature that now endorses VISA and Mastercard payments.
As previously reported by Cointelegraph, China is taking steps to guarantee the digital yuan is accessible for all retail payment scenarios. This would lead to the e-CNY becoming a prevalent payment method in China, connecting retail users and merchants.
Published At
9/25/2023 1:01:06 PM
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