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Ecny jingxi wechat pay11/7/2023 Make sure your location settings on your phone are turned on, or you will get an error message.Īgree to the terms, click the red confirmation button and you'll get a code:Ĭopy the code, open the Apple App store, click on your profile picture and go to " Redeem Gift Card or Code". On the ICBC app version that we tried we would get an error message if we entered our passport number, but it worked perfectly find with just leaving the passport number empty. Click on the button with your respective phone type, then you'll be led to a page where you have to enter your name, passport number and phone number. Scanning the code with WeChat brings you to a welcome page. We have listed the codes for ICBC and Bank of China below, for any of the other bank just visit any branch and ask for their code. You get the QR code directly from one of the 6 partner banks: ICBC, Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank. Here's How You Set It Up.Ĭurrently you can't find the app on the app stores directly but have to redeem a special code that you use to get access in APP stores, presumably to limit the numbers of people that start using the currency in the early stages. The actual app is all in Chinese, but at some point, it uses the term "E-CNY" so let's go with that. The English Wikipedia calls it " Digital renminbi" the Chinese Wikipedia calls it " E-CNY". There doesn't seem to be an official English name for it. Amen! In fact, we set up the app without providing a real name, just a phone number, and it worked fine. In our first tests, absolutely no name verification was required. And for any foreigner who's ever struggled with things like real name verification on WeChat and Alipay, there is good news. You don’t need to be a China expert to know that a digital currency run by the government will roll out fast, and most likely take over the dominant position currently held by Tencent and Alibaba's payment systems.Īnd the good news: Foreigners can already use it, with just a few limitations. Different from WeChat Pay and Alipay that are run by private corporations, the digital yuan is issued by the Chinese government through the People’s Bank of China. But WeChat and Alipay are also potential competitors to the digital yuan's own app.China has launched its own digital payment method, the Central Bank Digital Currency (数字人民币 in Chinese) and is rolling it out in shops around the country. In China, WeChat and Alipay, which is run by Alibaba affiliate Ant Group, dominate mobile payments last year, Alipay also began trialing digital yuan payments. Previously, users could get the app on an invite-only basis. That will enable anyone in those areas to download and sign up to use the digital currency. This week, the PBOC launched an e-CNY app for users in certain regions and cities in China. To date, the People's Bank of China, which issues the digital yuan or e-CNY, has done limited trials in certain cities via lotteries where the central bank has handed out small amounts of the currency to some citizens.īut there are now signs that the PBOC is looking to expand usage of the digital yuan, despite no concrete date for a nationwide rollout. WeChat Pay has over 800 million monthly active users. It can also be used for purchases online. WeChat Pay allows users to show merchants a barcode on their phone to pay for items in store. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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