Caixin
Jan 05, 2022 07:55 PM
FINANCE

China Launches Digital Yuan App in Pilot Cities Nationwide

China has launched a smartphone app for making payments and transfers with the digital yuan, as the country plows ahead with tests of its central bank digital currency.

The e-CNY app became available on app distribution platforms for Android and iOS users in China on Tuesday.

The app is now open to users in 12 cities and regions including Shenzhen, Suzhou, Chengdu, and Shanghai, as well as the hosts for the upcoming Winter Olympic Games, Beijing and Zhangjiakou. Once the app is granted permission to check the phone’s location, eligible users in those places can sign up for an account and start using the digital wallet in the app.

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