SOURCE / ECONOMY
Digital yuan app is tried out by tourism, auto repair and maintenance services
Published: Apr 07, 2021 04:00 PM
Residents who received red packets of digital RMB use the money in a store in Shenzhen, Guangdong Province, on October 14, 2020. The city launched a pilot program to distribute 10m yuan ($1.49m) in the form of digital currency to residents on October 12, 2020. Photo: Li Hao/GT

Residents who received "red packets" of digital RMB use the money in a store in Shenzhen, Guangdong Province, on October 14, 2020. Photo: Li Hao/GT

China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, has been extended to more consumption areas, including travel and auto repair and maintenance services.

Tuniu.com, a Chinese online travel agency, appeared on the sub-pages of six Chinese state-owned banks for a digital yuan wallet trial application program. Tuhu, a Chinese online-to-offline car repair and maintenance service provider, has been included on the sub-page of the Bank of Communications. 

DC/EP has been tried out in some selected Chinese cities, including South China's Shenzhen, Beijing, Suzhou in East China's Jiangsu Province and Chengdu of Southwest China's Sichuan Province. Applicants who were lucky to win the digital yuan would get instruction to download the digital yuan wallet application.

Some state-owned banks in Shanghai and Changsha, capital of Central China's Hunan Province, started to accept individuals' application to open digital yuan wallet accounts at the end of last month. 

After joining in the "white-list", applicants will get invitation to download the digital yuan wallet app, according to report by media outlet Beijing Youth Daily.

China's leading courier delivery service Shunfeng Express and new-energy-vehicle power service provider Star Charge became partners to try out the digital sub-wallets of the sate-owned banks in March, following the steps of e-commerce conglomerate JD.com and ride-hailing platform Didi Chuxing.

Global Times


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