What's New in Payments

Beijing offers public transport users discounts to encourage digital yuan fare payments

The Ruubypay app running on a phone

Passengers on bus, subway and suburban rail services in the Chinese capital Beijing can now receive a discount and pay as little as 0.01 yuan for their journey if they use the country’s central bank digital currency (CBDC) to pay their fares from a digital yuan mobile wallet issued by the Industrial and Commercial Bank of China... More


Transit Ticketing Today

Beijing Metro begins accepting QR code mobile tickets at turnstiles

QR code smartphone tickets available for subway — China.org.cn — “Travellers in Beijing can now use a QR code on their smartphone as a ticket to ride the subway… Passengers can download an app called RuubyPay that generates a QR code ticket that can be read using a scanner built into the subway turnstiles. The QR code scanning app can be used on any smartphone running iOS or Android that is connected to the internet, according to Sina.com. Tickets can be paid for using a linked bank, Alipay, or JD Finance account.”


Transit Ticketing Today

Hangzhou buses first to all use mobile pay

Hangzhou buses first to all use mobile pay — China.org.cn — “‘Passengers can use Alipay and UnionPay flash payment cards on this terminal. Apple Pay, Samsung Pay, Huawei Pay, Mi Pay and Android Pay can be used with smartphones or wearables like watches and electronic bracelets,’ said Liu Xiaojie, general manager of public services at Ant Financial.”