China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system, according to numerous reports on Monday (Oct. 12). Get the Full Story Complete the form...
Food delivery service giant Meituan Dianping will test China’s digital yuan, according to a Bloomberg report citing unnamed sources who have knowledge of the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Digital yuan could be on the horizon in China to replace paper money, authorities say. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. chains Starbucks, Subway and McDonald’s. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
May 26, 2025
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]
October 12, 2020
China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system,...
July 15, 2020
Food delivery service giant Meituan Dianping will test China’s digital yuan, according to a Bloomberg report citing unnamed sources who have knowledge of the matter. Get the Full Story Complete...
May 06, 2020
Digital yuan could be on the horizon in China to replace paper money, authorities say. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
