18 news stories.
• Should China Construction Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should China Construction Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
The Hong Kong Monetary Authority (HKMA) has officially launched six first-round pilots of a digital Hong Kong dollar or e-HKD with support from 16 banks, payments and technology firms to test the prototype central bank digital currency (CBDC) across a range of use cases including in-store, online and offline payments... More
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
China Construction Bank (CCB) is piloting a biometric ‘hard wallet’ smart card that lets customers store digital yuan and authenticate payments made using the central bank digital currency (CBDC) with their fingerprint... More
Some 8,500 consumers in the Chinese city of Shanghai have been given e-wallets containing digital yuan as part of the country’s ongoing pilot scheme for its central bank digital currency (CBDC)... 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 People’s Bank of China (PBOC) is to follow its pilots of NFC-based contactless digital currency payments with the distribution of a further 20m digital yuan (US$3.1m) in a third ‘red envelope’ lottery to be held in the city of Shenzhen... 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.”
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market. More
Chinese smartphone maker Xiaomi has unveiled Mi Pay, an NFC-based mobile payment service expected to be made available on the Xiaomi Mi 5 handset with support from a number of the country’s banks. More
Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards. More
Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year. More
Apple Pay has begun rolling out across China, letting consumers pay in-store with compatible Apple devices using their China UnionPay credit and debit cards at QuickPass-enabled POS terminals as well as make purchases within participating mobile apps. More
Customers of Industrial and Commercial Bank of China (ICBC) will be able to use Apple Pay from 18 February, the bank has confirmed in a series of tweets reported by Reuters... More
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 Mobile, the country’s largest mobile operator, has reached agreements with subway and bus companies in 30 cities to allow users to make payments through mobile phones next year, reports Caixin Online... More
China Mobile, the world’s largest mobile network operator with close to 700m subscribers, is to demonstrate its NFC payments platform for the first time on 5 December at its Worldwide Developers Conference... More