Alipay activated the e-CNY payment option on its platform in May 2021, while WeChat Pay followed suit in January 2022. Photo: Shutterstock>īoth Alipay and WeChat Pay have earlier committed to help promote the country's digital fiat money. Photo: Shutterstock alt=The mobile icons of China's e-CNY platform and Tencent Holdings' multipurpose WeChat super app are displayed on a smartphone screen. The mobile icons of China's e-CNY platform and Tencent Holdings' multipurpose WeChat super app are displayed on a smartphone screen. Hu indicated, however, that the two mobile payment platforms would be "affected to a certain extent", as they "adapt to how the digital yuan is processed". "As the two mobile payment giants, WeChat Pay and Alipay are expected to provide powerful support for the application and promotion of e-CNY through its express payment system," said Hu Hao, a researcher at Beijing-based research institute Kandong.ĭo you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The latest express payment option is now available to e-CNY users covered in the ongoing pilot trials, which includes 26 cities and 5.6 million merchants across the country, amid the sovereign digital currency's sluggish state of adoption. China's sovereign digital currency (e-CNY) app has added Tencent Holdings' WeChat Pay as its second "express payment" option, nearly three months after initially having Ant Group's Alipay for such payments on its platform.
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