Great news for those traveling to China! You can finally enjoy the seamless, cashless payment experience that you may have heard about for years and avoid the awkward interaction of asking your local friends to pay and giving them paper money that they can’t spend anywhere. This week, China’s two dominant mobile payment solutions, WeChat…
For the last few years, China’s central bank has been trying to ramp up the adoption of digital yuan, or e-CNY, which forms part of the country’s monetary base, M0. The bank has a designated app for e-CNY that crossed 261 million individual users in early 2022, but it’s also enlisting help from the private…
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