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Luohu

Two news stories about Luohu


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

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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