Good news for tourists feeling left out of China’s cashless revolution. Many, not just Singaporeans, are now able to connect a credit card to the e-CNY app to make payments.
This is a major benefit as many tourists have difficulties making payments with cash!
More good news is that WeChat Pay and Alipay have both improved their use of foreign credit cards and are now also more tourist friendly!
The full article can be found: here
My two quotes!
The new digital-yuan collaboration represents a great opportunity for the cross-border retail use of e-CNY, according to Richard Turrin, independent financial technology consultant and author of Cashless: China’s Digital Currency Revolution.
Richard Turrin
The use of the digital yuan for small transactions could pave the way for its application in trade and other high-value scenarios.
Richard Turrin
