![]() There’s a promotion for Hong Kong users who receive 25 yuan for every 100 yuan they spend at JD.com through a collaboration with the state-owned commercial Bank of China and Bank of China (Hong Kong).Īdditionally, vending machines were launched, offering eCNY hardware wallets similar to prepaid cards. JD was involved in the very first trials of the digital yuan in mainland China as the first online outlet to accept the digital currency. More recently, the range of scenarios has been expanded, including mainland e-commerce purchases by Hong Kong residents.įor example, a limited number of whitelisted Hong Kong users can buy goods from online retailer JD.com, China’s equivalent of Amazon. Hong Kong’s usage of the digital yuan was first trialed in early 2021 for Hong Kong residents visiting mainland China. Chinese news outlet The Paper reported that WeChat Pay also supports the digital renminbi wallet of MYbank which is associated with competitor Alipay. The dominant ones are Ant’s Alipay and WeChat Pay. One of the stated objectives of the CBDC was to enable interoperability between separate payment apps. So to use the digital yuan in WeChat, the two wallets must be synchronized, which also means the same phone number must be used in both. The digital yuan or e-CNY is usually linked to a bank wallet. Additionally, the digital yuan is being promoted in Hong Kong for limited use cases. China’s central bank digital currency ( CBDC) can now be used for faster payments not only in the WeChat app but in several WeChat mini programs. In addition to providing a convenient overseas payment experience, users also benefit from preferential exchange rates, therefore encouraging consumers to spend more in Macao.Yesterday China’s pilot digital yuan was enabled in WeChat Pay, the payment wallet of the largest social network in the country. Weixin ecosystem helps many merchants to do business intelligently and digitally, ensuring they are prepared for high volumes of tourists expected this year. Now WeChat Pay HK users can use their local wallet in Macao businesses whenever they see the Weixin Pay logo. The platform became the first Hong Kong e-wallet to support Hong Kong users in Mainland China in 2018, and began supporting cross-border payment between Hong Kong and Macao in February 2020. WeChat Pay HK is an electronic wallet in HKD available for WeChat users in Hong Kong. Covering 68 countries and regions supporting payments in 26 currencies around the world, Weixin Pay takes a lot of hassle out of travel for Chinese users. Weixin Pay is a mobile payment service within Weixin app, made for users in Mainland China. ![]() “ People from all over the world only need to scan the code with their mobile phones to complete the transaction, which makes it easier, faster and safer. “ Weixin Pay and WeChat Pay HK provide great convenience to both merchants and customers, ” says chef Manuel. They, along with over 16,000 other businesses have embraced the convenience offered by the mobile payment app ’ s seamless ecosystem.Ĭustomers can not only pay for their meals and shopping through the apps, but they can also order food, register for promotions, redeem coupons and discounts, and pay with points. To make the experience as easy as possible for patrons, the husband and wife duo ha ve installed point-of-sales facilities to support popular digital payment tools, including both Weixin Pay and WeChat Pay HK. The eatery is known for its traditional Portuguese foods, including charcoal-grilled bacalao fish, alongside with fusion Chinese dishes such as seafood fried rice, in recognition of the diverse tastes of diners coming to Macao. Manuel and Lisa, owners of Michelin Guide restaurant O Man u el in Taipa Village, have built a loyal clientele and attracted many new customers for over the past 30 years. People come for its unique mix of Asian and European influences, delicious cuisine, excellent retail, fascinating history and vibrant culture. The popular tourist destination received almost 40 million visitors in 2019, prior to the pandemic, with an influx once again expected for China ’ s biggest holiday period. The initiative comes timely for local businesses, mostly small- and mid-sized, that are getting ready to welcome back international visitors for the upcoming Spring Festival. More than 16,000 merchants in Macao are using Weixin Pay and WeChat Pay HK, taking advantage of the two digital wallets that have integrated their merchants ’ network in Macao to make payment easier, faster and safer for travllers, according to the company.ĭuring the upcoming Spring Festival holiday, Weixin Pay will further support partner merchants in Macao with a series of digital vouchers and exchange rate discounts for users.
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