Posted inFinance

Beijing teams up with tech giants for e-RMB

The People’s Bank of China has integrated Tencent and Alibaba – specifically, their WeChat Pay and AliPay services as well as their newly established WeBank and MYBank – into its beta digital yuan system being trialed in cities from Suzhou to Shenzhen. The move is an obvious bid to dovetail the pair’s technological capabilities and […]