China's official app for its digital yuan is seen displayed on a smartphone next to 100-yuan banknotes on October 16. Photo: Reuters
China's official app for its digital yuan is seen displayed on a smartphone next to 100-yuan banknotes on October 16. Photo: Reuters

Inside China Tech: Digital yuan to bolster mobile payments in China

  • The Digital Currency Electronic Payment system is managed privately by China’s central bank
  • There were 801.7 million mobile payment users in the country as of June 30, up from about 765 million users in March this year

China's official app for its digital yuan is seen displayed on a smartphone next to 100-yuan banknotes on October 16. Photo: Reuters
China's official app for its digital yuan is seen displayed on a smartphone next to 100-yuan banknotes on October 16. Photo: Reuters
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