Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
E-CNY Expands Cross-border Pilot in HK, Allowing HK People to Add Value via FPS, Credit Cards after Opening Account
Recommend 27 Positive 44 Negative 22 |
||||
|
||||
|
The Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBOC) announced the expansion of the cross-border pilot for E-CNY in Hong Kong. Hong Kong people will be able to open E-CNY wallet through their phone numbers, which will be interoperable with the E-CNY system operated by the PBOC's Digital Currency Institute through the Faster Payment System (FPS), allowing users to add value to their wallet through FPS and use it in the Greater Bay Area as well as other pilot regions in China. At this stage, ICBC (01398.HK), BANK OF CHINA (03988.HK), CCB (00939.HK) and BANKCOMM (03328.HK) can provide services. Users can open one digital currency wallet at each of these operators, with a separate limit for each wallet. Currently, the public can add RMB-denominated value at 17 local retail banks via FPS. Of which, 11 banks support debiting from HKD accounts with real-time exchange rate display and conversion into RMB. These banks also support adding value to or debiting from bundled Visa and Mastercard credit cards. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
