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E-yuan

10 news stories about E-yuan


What's New in Payments

Agricultural Bank of China pilots central bank digital currency ATMs

By Tom Phillips • 12 January 2021 • Updated 12 January 2021 • nfcw.com
People's Bank of China digital currency on smartphone screen

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


What's New in Payments

PBOC pilots contactless cards and wearables that let consumers make payments with China’s digital currency

By Tom Phillips • 8 January 2021 • Updated 8 January 2021 • nfcw.com
PBOC contactless card showing China's digital currency

The People’s Bank of China (PBOC) has expanded its central bank digital currency (CBDC) pilot to include a contactless ‘hard wallet’ and NFC wearables that enable consumers to make in-store and transit fare payments with their digital yuan... More


What's New in Payments

PBOC to trial online and offline payment functions in second digital yuan red envelope giveaway

By Tom Phillips • 8 December 2020 • Updated 8 December 2020 • nfcw.com
JD.com courier delivering goods bought with digital yuan

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


What's New in Payments

China to maintain central database of all digital currency transactions

By Tom Phillips • 11 November 2020 • Updated 11 November 2020 • nfcw.com
Front of the PBOC building, Beijing

The People’s Bank of China (PBOC) will keep a database of all transactions made using the digital yuan, China’s central bank digital currency (CBDC), according to China Daily... More


NFC World

Huawei integrates digital yuan hardware wallets into Mate 40 NFC smartphone

By Tom Phillips • 3 November 2020 • Updated 3 November 2020 • nfcw.com
Huawei Mate 40 smartphone with digital wallet

Owners of Huawei’s Mate 40 in China will be able to make transactions in digital yuan from a central bank digital currency (CBDC) hardware wallet built into the soon-to-be-released smartphone... More


What's New in Payments

PBOC reports first counterfeit digital currency wallets

By Tom Phillips • 29 October 2020 • Updated 29 October 2020 • nfcw.com
Peoples Bank of China (PBOC) building

The People’s Bank of China (PBOC) has “found counterfeit digital yuan wallets on the market,” the head of the bank’s digital currency research institute Mu Changchun has revealed... More


What's New in Payments

Shenzhen residents spend nearly 9m digital yuan during CBDC pilot

By Tom Phillips • 21 October 2020 • Updated 21 October 2020 • nfcw.com
People's Bank of China digital currency on smartphone screen

China’s ‘red envelope’ lottery giveaway of digital yuan to 50,000 residents of Shenzhen resulted in 62,788 transactions with a total value of 8.764m yuan (US$1.32m) during the week-long central bank digital currency (CBDC) test in the city... More


What's New in Payments

Central bank digital currency lottery attracts 2m Shenzhen residents

By Tom Phillips • 14 October 2020 • Updated 14 October 2020 • nfcw.com

Nearly two million Shenzhen residents, representing 15% of the city’s population, signed up for a chance to win 200 digital yuan (US$29.65) in the ‘red envelope’ lottery held as part of China’s central bank digital currency (CBDC) pilot... More


What's New in Payments

PBOC distributes digital currency to consumers via red envelope lottery

By Tom Phillips • 12 October 2020 • Updated 12 October 2020 • nfcw.com
Peoples Bank of China logo

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


What's New in Payments

PBOC reports results of central bank digital currency pilot

By Tom Phillips • 8 October 2020 • Updated 8 October 2020 • nfcw.com
Peoples Bank of China logo

More than 113,000 Chinese consumers have now used a digital wallet supporting “multiple payment methods, including barcode, facial recognition and tap-and-go transactions” to conduct a transaction using China’s new central bank digital currency, the People’s Bank of China has revealed.  More


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