Posted 11/28/2023, 3:45:00 PM
4 Foreign Banks Integrate China's e-CNY for Retail Use
- A total of 4 foreign banks have integrated China's e-CNY CBDC so far Standard Chartered, HSBC, Hang Seng Bank, and Taiwanese bank Fubon Bank
- The banks allow clients to transfer, withdraw, and spend e-CNY through their platforms and apps
- Hang Seng Bank enables users to bind debit cards and top up e-CNY wallets through its app
- HSBC added similar e-CNY features for retail use
- Fubon Bank enabled mobile banking e-CNY recharging and spending via its bank card