Digital yuan enhances new cross-border functionality for Hong Kong
China boosts CBDC for tourist adoption focusing on Hong Kong residents, new features enable seamless Faster Payment System top-ups, advancing cross-border digital yuan functionality.
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Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists
The new update will allow users of the digital yuan app to top-up via Mastercard and Visa payment options as People’s Bank of China seeks to position the CBDC to compete with other payment platforms in the country.
People’s Bank of China to use digital yuan for retail CBDC transactions
As digital renminbi uses the latest network and mobile payment technology, the director of the Digital Currency Research Institute of the PBoC Mu Changchun eyes using it for all retail transactions.