Tourists Can Now Pre-Charge Digital Yuan Wallets Using Visa and Mastercard
If you’re planning to visit China, you now have the option to pre-charge your digital yuan wallet using Visa and Mastercard. China is updating its mobile app for the central bank digital currency (CBDC) pilot, allowing tourists to conveniently use the e-CNY app. This application, available to iOS and China-based Google Play Store users, enables individuals to open digital yuan wallets.
International Card Options Supported in Latest Update
The latest version of the e-CNY app, 1.1.1, introduced a top-up service that supports international card options. This means that tourists can now use their Visa and Mastercard to recharge their wallets with digital yuan.
Digital Yuan Pilot Coincides with Asian Games
The release of the updated e-CNY app aligns with the start of the Asian Games. China has been extensively testing the use of digital yuan as a payment method for foreigners visiting the country. The pilot program was first introduced during the Beijing Winter Olympics in 2022, allowing tourists to transact with local merchants using e-CNY.
Easy Registration for Inbound Tourists
Inbound tourists can register and open e-CNY wallets using their overseas mobile numbers. With the latest update, they can also take advantage of the recharge wallet feature, which now accepts Visa and Mastercard payments.
Hot Take: Enhancing Convenience for Tourists with Digital Yuan
By allowing tourists to pre-charge their digital yuan wallets using Visa and Mastercard, China is taking a significant step towards enhancing convenience for visitors. With international card options supported in the latest update of the e-CNY app, tourists can easily access and use digital yuan during their stay. This move not only promotes the adoption of the central bank digital currency but also streamlines transactions for tourists, making their experience in China more seamless and user-friendly.
By
By
By