Digital Yuan opens to prepaid cards for tourists

27 September 2023


CHINA - Digital yuan app adds Mastercard and Visa prepaid top-ups for tourists. The e-CNY app now allows tourists to top up their payment wallet using Mastercard and Visa with the "top up first, use later" option. The app, known as e-CNY, is currently in beta and is available to iPhone users in select regions of China and China-based Google Play Store users. With this new model users would be ble to create personal digital wallets for China’s state-backed digital currency. This update aligns with China’s efforts to promote the use of e-CNY for payments by international tourists, especially during events like the Asian Games and the Beijing Winter Olympics in 2022.

Currently - Finance Feeds said - the e-CNY is being tested in 23 cities and regions in 15 provinces and provincial-level cities. However, officials say that the main purpose of the pilot program for the time being is to build confidence in the digital yuan’s reliability and ease of use.



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