The app also said it will explore the novel digital yuan payment experience in Beijing's Winter Olympic Village, which is set to open on Jan 27.
Once activated, the function allows users to receive remittances and pay for goods and services with digital currency in WeChat. In a similar vein, Tencent-owned WeChat, China's largest messaging app and one of the leading payment services, also began supporting the digital yuan last week via the WeChat Pay mobile wallet. The pilot version of the app was rolled out on Jan 4. To link to two services, users need to first submit an identity authentication via the e-CNY app, the digital yuan wallet application developed by the central bank. The transaction value of the digital currency via Meituan also surged 64.4 percent compared with a week ago, the company said, adding that the number of users adding the digital yuan payment option to the Meituan mobile wallet expanded almost twentyfold. Local services company Meituan said the number of digital yuan-denominated payments jumped 42.7 percent after connecting the Meituan app with the e-CNY app, which was developed by the People's Bank of China, the central bank. Įlectronic payments via China's digital currency have enjoyed a stratospheric rise in a matter of days after the novel payment option was made available across the country's major mobile apps. A visitor (R) applies to access payment with digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in Haikou, capital of south China's Hainan Province, May 8, 2021.
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