HONG KONG – Hong Kong will facilitate the creation and the use of e-CNY (digital yuan) wallets in the latest progress of collaboration between the Hong Kong Monetary Authority (HKMA) and the People's Bank of China to expand an e-CNY pilot for cross-boundary payments, the HKMA said on Friday.
HONG KONG – Hong Kong will facilitate the creation and the use of e-CNY wallets in the latest progress of collaboration between the Hong Kong Monetary Authority and the People's Bank of China to expand an e-CNY pilot for cross-boundary payments, the HKMA said on Friday.Residents can set up e-CNY personal wallets in Hong Kong using only their Hong Kong mobile phone numbers and top up their e-CNY wallets via the Faster Payment System through 17 retail banks in Hong Kong .
We will continue to work closely with the People's Bank of China to gradually expand the applications of e-CNY, enrich the range of functionalities of the e-CNY wallet available to Hong Kong residents, and step up efforts in promoting the acceptance of e-CNY by more retail merchants in Hong Kong and on the Chinese mainland,' he said.
Kong Facilitates Use Of Digital Yuan
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