China concluded another mass retail test of its new digital yuan this week after distributing 100,000 e-CNY red packets worth US3 million. WeChat Pay has over 800 million monthly active users. We are providing better Digital Money Solution. The latest test in the tech metropolis of Shenzhen means China aside from earlier trials involving large banks has now tested out its new digital yuan on 250,000 shoppers and restaurant-goers. The Digital Yuan ECNY is a Blockchain version of Central Bank Digital Currency (CBDC), it’s the first token that is 100 backed by Local Chinese Bank Reserves, and It’s the best crypto with 1000x potential. To date, the People's Bank of China, which issues the digital yuan or e-CNY, has done limited trials in certain cities via lotteries where the central bank has handed out small amounts of the currency to some citizens.īut there are now signs that the PBOC is looking to expand usage of the digital yuan, despite no concrete date for a nationwide rollout. Chinas digital currency, e-CNY, will co-exist with Alipay and WeChat Pay, a Chinese central bank official said. This week, the PBOC launched an e-CNY app for users in certain regions and cities in China.
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That will enable anyone in those areas to download and sign up to use the digital currency. #CHINA ECNY WECHAT PAY MAUSKHARPALCNBC DOWNLOAD# Previously, users could get the app on an invite-only basis. In China, WeChat and Alipay, which is run by Alibaba affiliate Ant Group, dominate mobile payments last year, Alipay also began trialing digital yuan payments. Chinas e-CNY pilot has seen about 10 million people participate in the lottery and more than 500,000 people use the drawn offers, according to a report Monday by local media. But WeChat and Alipay are also potential competitors to the digital yuan's own app. #CHINA ECNY WECHAT PAY MAUSKHARPALCNBC DOWNLOAD#Ĭhinas e-CNY has run seven rounds of pilots in Shenzhen, Suzhou, Beijing, and Chengdu, distributing a total of RMB150.
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What’s new in WeChat 7.0: The biggest upgrade in four years!.What is WeChat’s dream? WeChat founder Allen Zhang explains.WeChat 7.0.4 for iOS and Android: Search music to add to your Time Capsule and more!.For details, please call 2287 6788 or visit Post navigation To mark the launch of WeChat Pay on the CNCBI OA, from now till 31st March 2016, customers who successfully purchase single-trip travel insurance packages and settle payment through WeChat Pay will enjoy a 50% premium discount and those customers who pay premiums by CNCBI VISA or MasterCard will receive an extra coffee e-coupon. Thanks to the new technologies, the Bank aims to provide customers with a wide selection of banking and wealth management services that are beyond time and geographic boundaries.” CNCBI will step up the development of mobile apps and will continue to cooperate with WeChat to introduce more innovative and personalised wealth management services. Anne Lee, Executive General Manager, Strategic Business Initiatives, Personal & Business Banking Group, CNCBI, says, “Travel insurance is the Bank’s first project on WeChat Pay. Customers will be redirected to WeChat Pay to settle the payment by VISA or MasterCard to complete the transaction. All customers simply need to log onto their WeChat accounts and “follow” the CNCBI WeChat OA, tap the “Banking Services” icon on the CNCBI OA, then “Purchase Travel Insurance”.
“CNCBI Travel Insurance Packages” via WeChat Pay is available for both existing and non CNCBI customers. Customers purchasing single-trip travel insurance packages from CNCBI via WeChat Pay will get a 50% premium discount, while they can enjoy the convenience of an innovative experience with a variety of banking services.
Now CNCBI extends its offerings from instant banking services to WeChat Pay, becoming the first banking institution in Hong Kong to embrace this e-payment solution. CNCBI first launched its OA last October. China CITIC Bank International Limited (the “Bank” or “CNCBI”) announced this week the launch of WeChat Pay on its WeChat Official Account (“OA”).
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