11 news stories.
• Should Agricultural Bank of China be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Agricultural Bank of China be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
China could be ready to officially launch the digital yuan as a fully operational central bank digital currency (CBDC) after the Beijing Winter Olympics in early 2022, according to reports in the Chinese media... More
Customers of the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China can now exchange cash for digital yuan and vice versa at more than 3,000 ATMs across Beijing, China, according to a report by the Xinhua news agency... More
Customers of all six state-owned Chinese banks can now apply for test versions of the banks’ digital yuan wallets as the country rolls out the next phase of its central bank digital currency (CBDC) pilot programme in the city of Changsha... More
At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports... More
The Agricultural Bank of China has launched pilot ATMs that enable customers in Shenzhen to deposit and withdraw money in the form of digital yuan, the country’s central bank digital currency (CBDC)... More
The People’s Bank of China (PBOC) is to enable participants in the next phase of its central bank digital currency (CBDC) pilot to test for the first time the use of digital yuan for making both online purchases and touch-based in-store offline payments... More
China’s Ministry of Commerce has announced that pilot testing of a central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) is to be expanded to cover the country’s major commercial regions and cities including Beijing, Shanghai, Hong Kong and Macau... More
China’s central bank likely to pilot digital currency in cities of Shenzhen and Suzhou — Coindesk — “The People’s Bank of China is said to be preparing to launch pilots for its digital currency in at least two major cities. The tests are likely to include the participation of state-owned partners. These comprise the ‘Big Four’ commercial banks — the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and the Agricultural Bank of China — and three telcos: China Telecom, China Mobile and China Unicom.”
Facial recognition debuts at China’s banks — Xinhua News Agency — “At the Agricultural Bank of China’s (ABC) three outlets in Jinan City, cards are no longer needed to withdraw money. A quick scan of the face will do… Other banks, such as the China Merchants Bank and the Construction Bank of China, have also introduced similar technology in their ATMs.”
Mobile network operator China Telecom is to launch an NFC mobile wallet in China later this year, in cooperation with more than a dozen financial institutions... More
China Unicom has signed a strategic partnership agreement with Agricultural Bank of China (ABC)... More