Thread by @SinoGlobalCap

China launched e-CNY for iPhone and Android Apps

1/ On January 4, the e-CNY (pilot version) app was launched on Android and Apple App Stores, and is open for download. As of today, the e-CNY wallet app surpassed WeChat and ranked first in China's iOS free APP rankings.

2/ The latest public data from the Central Bank shows that as of October 22, 2021, 140 million e-CNY personal wallets and 10 million enterprise wallets have been opened.

3/ The cumulative number of transactions has reached 150 million, and the transaction volume was close to 62 billion yuan (~$9.7 billion). Currently, 1.55M merchants support e-CNY wallets, covering public utilities, catering services, transportation, shopping, government affairs.

4/The e-CNY (pilot version) app is the official service platform of China's legal digital currency e-CNY for individual users to conduct pilot trials. It provides services for the opening and management of e-CNY personal wallets as well as the exchange and circulation of e-CNY.

5/In addition, the App has newly added functions such as "one post"&"one touch". The user turns on the NFC function of the mobile phone, brings the mobile phone close to the NFC area of ​​the POS terminal, or touches two phones with NFC function turned on to complete the payment.

6/ e-CNY has formed a pilot pattern of “10 cities+1 venue”. At the end of 2019, e-CNY pilot tests were launched in Shenzhen, Suzhou, Xiongan, Chengdu&the Beijing Winter Olympics. In 2020, six pilot test areas will be added in Shanghai, Hainan, Changsha, Xi'an, Qingdao and Dalian.

7/In order to actively promote the use of e-CNY, many places such as Suzhou, Shenzhen, Hainan, and Shanghai have adopted the red envelope model to provide subsidies for the people.

8/Currently, merchants that can use digital RMB (pilot version) include 10 platforms including JD.com, Meituan, JD Finance, Didi Chuxing, Ctrip Travel, Suning Tesco APP, Baixin Bank, Kuaishou, 58.com and Baidu.