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
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

Topic |   China technology
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
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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