Cointime

Download App
iOS & Android

WeChat Integrates Digital Yuan Into Its Payment Platform

WeChat, China’s leading social networking and payment app, has added the country’s central bank digital currency (CBDC), to its payment services, according to reports in local media. The move aims to help broaden the appeal of the digital yuan.

WeChat now supports the fast payment function of the digital yuan wallet, making it the second payment platform to do so after Alipay.

This feature enables users to use the digital yuan for payments on certain WeChat mini-programs and other platforms. The pilot version of the Digital RMB app's "Wallet Quick Payment Management" page currently lists 94 merchant platforms that can be accessed, now including WeChat. WeChat Pay now allows digital yuan payments on certain apps, such as ordering food from McDonald’s and paying bills.

Comments

All Comments

Recommended for you