Inside China Tech: Digital yuan to bolster mobile payments in China

//Inside China Tech: Digital yuan to bolster mobile payments in China

Inside China Tech: Digital yuan to bolster mobile payments in China

Hello, this is Bien Perez from the South China Morning Post’s Technology desk, with a wrap of our leading stories this week.China, the world’s largest mobile payments market, is poised to accelerate its march to a cashless society, as the country’s central bank moves closer to launch its sovereign digital currency.The digital yuan, technically known as the Digital Currency Electronic Payment (DCEP) system, is managed privately by the People’s Bank of China (PBOC) under a centralised system and…

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By | 2020-10-31T02:45:17+00:00 October 31st, 2020|Business|Comments Off on Inside China Tech: Digital yuan to bolster mobile payments in China