The PBOC and the Hong Kong Monetary Authority are currently exploring ways to broaden the use of the digital yuan across the Greater Bay Area. Photo: Shutterstock
The PBOC and the Hong Kong Monetary Authority are currently exploring ways to broaden the use of the digital yuan across the Greater Bay Area. Photo: Shutterstock

Mastercard seeks role as bridge to facilitate cross-border use of China’s digital yuan

  • The payments giant is in talks with various central banks, including China’s, to explore wider cross-border usage of their digital currencies
  • In China, Mastercard is awaiting final approval for licences to start onshore card business, said Asia-Pacific co-president

The PBOC and the Hong Kong Monetary Authority are currently exploring ways to broaden the use of the digital yuan across the Greater Bay Area. Photo: Shutterstock
The PBOC and the Hong Kong Monetary Authority are currently exploring ways to broaden the use of the digital yuan across the Greater Bay Area. Photo: Shutterstock
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