A booth promoting the digital version of the Chinese yuan in Beijing. Photo: AP Photo
A booth promoting the digital version of the Chinese yuan in Beijing. Photo: AP Photo

China digital currency: e-CNY wallet borrows Alipay and WeChat Pay’s electronic red packet feature to woo users

  • The e-CNY app’s latest update allows users to send digital yuan-filled red packets, known as hongbao in mainland China, to each other
  • While the e-CNY app has been made available for public download for about a year, it continues to be an uphill battle to convince consumers to use it

A booth promoting the digital version of the Chinese yuan in Beijing. Photo: AP Photo
A booth promoting the digital version of the Chinese yuan in Beijing. Photo: AP Photo
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