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Meituan's latest move will allow people to use the digital yuan in various aspects of their daily lives, said Wang Pengbo, senior financial analyst at consultancy BoTong Analysys.

#JD.COM ECNY WECHAT PAY DOWNLOAD#

The surge came before the central bank launched its official e-CNY wallet app for public download in January. 繼續閱讀 China's digital yuan wallet nearly doubles user base in two monthsĪmid the strong push, the number of e-CNY users nearly doubled to 261 million last December from 140 million just two months earlier, said Zou Lan, head of financial markets at the People's Bank of China. Two months later, Suzhou offered a total of 20 million digital yuan to 100,000 residents.

In October 2020, Shenzhen issued 50,000 digital red packets worth 200 yuan each. Local governments in some of these cities have been giving away electronic cash through lotteries to encourage citizens to try out the e-CNY. (Ant is the fintech affiliate of Alibaba Group Holding, owner of the South China Morning Post.)įor now, though, the digital yuan can only be used in designated cities, including Shenzhen, Suzhou, Xiongan, Chengdu, Shanghai, Hainan, Changsha, Xian, Qingdao, and Dalian, as well as Beijing and Winter Olympics venues outside the capital city. Social media and gaming giant Tencent Holdings recently added e-CNY as a payment option to its electronic wallet service WeChat Pay, while e-commerce platform operator JD.com supports e-CNY payments for purchases made in online stores operated by the company.Īlipay, WeChat Pay's main rival owned by Ant Group, has allowed e-CNY payments for eligible users since last year. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

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