China opens the digital payment gate: Foreign tourists can easily spend digital Renminbi.
People's Bank of China released the "Guidelines for Foreigners' RMB Payments in China" on 3/14, informing foreign travelers that they can choose from a range of payment services including mobile payments, bank cards, cash, and digital RMB.
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Announcement: Digital Renminbi Now Available! CBDC Leading Global Development
As electronic payments have become the mainstream way of consumption in China, foreign visitors and short-term guests often encounter payment barriers while enjoying convenient shopping and services. The People's Bank of China recently released the "Guide on Digital Renminbi Payments for Overseas Visitors to China," officially declaring the use of digital renminbi for payments.
Simplified Cross-Border Payments: e-CNY App Overseas Version
The People's Bank of China has announced the launch of the overseas version of the digital renminbi app, e-CNY App, allowing users from over 210 countries and regions worldwide to easily register and open their digital wallets. Opening this wallet does not require having any local bank account in China.
Travelers Can "Use and Top-Up" for Immediate Payments
The People's Bank of China has also introduced the "Use and Top-Up" feature for digital renminbi, initially supporting international bank cards such as Visa, MasterCard, and will integrate more international card organizations in the future. This means users do not need to worry about preloading, they can simply pay with their bank cards, greatly enhancing the flexibility and convenience of consumption.
Enhanced Convenience for Hong Kong Users
Especially for users from Hong Kong, they can directly top up their digital wallets with local bank accounts through the "Faster Payment System." More than a dozen Hong Kong bank accounts already support this feature, and more institutions are actively joining.
Diversified Payment Methods to Meet Different Needs
The variety of digital renminbi payment methods, from scanning QR codes, mobile near-field payment NFC, to payment methods that do not require the internet or power to complete, embodies technological innovation and foresight.
