Consumers in the city of Shenzhen are being offered the opportunity to win one of 50,000 ‘red envelopes’ containing 200 digital yuan (US$29.65) that they can spend at any of more than 3,000 retail outlets in the city that now accept China’s central bank digital currency (CBDC)... More
Internal closed pilot tests of the central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) are to be conducted in Shenzhen, Suzhou, Xiong’an New District, Chengdu, and at Beijing 2022 Winter Olympics locations, China’s central bank has revealed... More
China Mobile, the world’s largest mobile network operator, has chosen Gemalto to supply it with NFC-enabled SIMs “to protect consumer credentials used for mobile contactless applications​, starting with mass transit services in Beijing.”... 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’s leading location-based social service is distributing NFC window stickers to more than 3,000 merchants in Shanghai, Guangzhou, Chengdu, Taipei and Hong Kong. More
