The app for China’s digital yuan is seen in this photo taken on October 16. The People’s Bank of China is looking to make the country the first in the world to issue a completely digital currency. Photo: Reuters The app for China’s digital yuan is seen in this photo taken on October 16. The People’s Bank of China is looking to make the country the first in the world to issue a completely digital currency. Photo: Reuters
The app for China’s digital yuan is seen in this photo taken on October 16. The People’s Bank of China is looking to make the country the first in the world to issue a completely digital currency. Photo: Reuters
Richard Harris
Opinion

Opinion

The View by Richard Harris

China’s digital payment revolution is leaving Hong Kong in the dust

  • China has emerged as a world leader in digital payments, with the mainland rapidly going cashless and moving to create a fully digital sovereign currency
  • Meanwhile, cash remains stubbornly popular in Hong Kong as the Octopus card’s dominance has slowed take-up of other cashless payment options

The app for China’s digital yuan is seen in this photo taken on October 16. The People’s Bank of China is looking to make the country the first in the world to issue a completely digital currency. Photo: Reuters The app for China’s digital yuan is seen in this photo taken on October 16. The People’s Bank of China is looking to make the country the first in the world to issue a completely digital currency. Photo: Reuters
The app for China’s digital yuan is seen in this photo taken on October 16. The People’s Bank of China is looking to make the country the first in the world to issue a completely digital currency. Photo: Reuters
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