Alibaba and WeChat push the digital Yuan

An article by Sophie Baqué

Publication

20 May 2022 à 17h00

Updated on 21 October 2022 à 21h32

Reading time

2 minutes

Publication: 20 May 2022 à 17h00, Updated on 21 October 2022 à 21h32

Reading time: 2 minutes

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An article by Sophie Baqué

Publication

20 May 2022 à 17h00

Updated on 21 October 2022 à 21h32

Reading time

2 minutes

Publication: 20 May 2022 à 17h00, Updated on 21 October 2022 à 21h32

Reading time: 2 minutes

Share
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At Alipay and WeChat Pay, the Digital Yuan, a central retail banking digital currency that originated in 2014, is now in the roll-out stage.

On 5 May 2022, Alibaba Group’s payment subsidiary announced that it had added a button to its app that allows its hundreds of millions of users to directly download the “e-CNY” wallet. By opening an account with the same telephone number as the one associated with Alipay, a user can make payments in digital Yuan from the application. In addition,...

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