China’s e-CNY app adds WeChat Pay as ‘express payment’ option after Alipay, as sovereign digital currency’s adoption remains slow

  • WeChat Pay as an express payment option is now available to e-CNY users covered in the pilot scheme, which includes 26 cities
  • Mobile payment giants Alipay and WeChat Pay have both committed to help promote the country’s sovereign digital currency

Ann Caoin Shanghai
Getting WeChat Pay as another express payment option on the e-CNY app after Alipay shows the People’s Bank of China’s increased effort to spur adoption of the country’s sovereign digital currency. Photo: Shutterstock
China’s sovereign digital currency (e-CNY) app has added Tencent Holdings’ WeChat Pay as its second “express payment” option, nearly three months after initially having Ant Group’s Alipay for such payments on its platform.

The latest express payment option, called Weixin Pay on the mainland, is now available to e-CNY users covered in the ongoing pilot trials, which includes 26 cities and 5.6 million merchants across the country, amid the sovereign digital currency’s sluggish state of adoption.

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