digital currency
Alipay starts testing support for e-CNY
Alipay connects more than 80 million merchants and over 2,000 financial institution partners, with over 1 billion users in China.
China's central bank says it will consider using e-CNY for cross-border payments when conditions are right
The e-CNY, China's digital currency, will be used for cross-border payments when conditions are ripe to meet market demand, a Chinese central bank official said on April 1.
China's e-CNY pilot has seen 10 million people participate
China's e-CNY has run seven rounds of pilots in Shenzhen, Suzhou, Beijing, and Chengdu, distributing a total of RMB150 million ($22.88 million) in digital money.
China's central bank official says e-CNY to coexist with Alipay and WeChat Pay
If Alipay and WeChat experience technical or financial failures, it could have a negative impact on the stability of China's financial system, he said.
Chinese central bank official explains how e-CNY handles user privacy
E-CNY, China's digital currency, features "controlled anonymity," a Chinese central bank official said recently.
Hong Kong, mainland cooperate in testing digital RMB
The Hong Kong Monetary Authority is working with the Digital Currency Research Institute of the People's Bank of China to test cross-border payment technologies using digital RMB and make the appropriate technical preparations, said Chief Executive of HKMA Eddie Yue.
Suzhou to launch second digital RMB gift money distribution worth RMB 30 million
Suzhou, a city in eastern China, will launch its second digital RMB gift money distribution of RMB 30 million yuan on February 5, each amounting to RMB 200, for a total of 150,000 gift money packages.
Beijing starts first test of Digital RMB
A coffee shop in Beijing has begun accepting payments in Digital RMB, the first test of the digital currency application scenario in the Chinese capital.
Suzhou begins digital RMB pilot program, will give out RMB 20 million gift money
A total of 100,000 gift money in the form of a so-called "Red Envelop" of RMB 200 each will be available to all eligible Suzhou residents starting at 20:00 on December 11.
After Shenzhen, another Chinese city to launch digital RMB gift money test
China's Suzhou city will launch a pilot program of giving digital RMB gift money during the December 12 shopping festival, an upgrade from Shenzhen.