Tencent to support digital yuan payment through mobile wallet WeChat

January 7, 2022

Tencent Holdings Ltd announced on Thursday (January 6) that it now supports digital yuan payment through its mobile wallet WeChat Pay, according to China Daily.

WeChat users can now choose to pay with “digital renminbi”, a newly-added access point embedded in WeChat Pay.

To do that, people need first to go through identity authentication via the e-CNY app, the digital yuan wallet application developed by the central bank.

The pilot version of the app was launched earlier this week. Once activated, the function allows users to receive and pay with the digital currency in WeChat.

The company also said it will explore novel digital yuan payment experience in the Beijing’s Winter Olympic Village, which starts on Jan 27.

WeChat users can now choose to pay with “digital renminbi”, a newly-added access point embedded in WeChat Pay.ig

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